Retirement plan

BONITZ, INC. 401(K) RETIREMENT SAVINGS PLAN

Name: BONITZ, INC. - BONITZ, INC. 401(K) RETIREMENT SAVINGS PLAN (2018) Form 5500
Creator: BONITZ, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BONITZ, INC. 401(K) RETIREMENT SAVINGS PLAN, BONITZ, INC.

BONITZ, INC.EIN 57-0835835Plan #002PY 2018

645 ROSEWOOD DRIVE - COLUMBIA, SC 29201803-799-0181bonitz.comLinkedIn501-1000 employeesconstruction

Other plans on this EIN

1 filing

#001Retirement-$93.9M assets

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed November 8, 2014 (most recent of 4 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$21.8M

-4.7% from 2017

Total participants

506

-25.3% from 2017

Average account balance

$44,795

-2.1% from 2017

Annual return

-2.06%

-18.68 pp from 2017

Benchmarks

See 1,182 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,182 peers

Snapshot2018

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$18.33M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$46K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

398

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

95.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.76M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+8.79%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$185

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 10 of 14 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$56,961
REGIONS BANK1 year Service code 50 · EIN 63-0589368	Direct Payment	$18,375
AMERICAN FUNDS2 years Service code 52 · EIN 95-2817150	Indirect Investment Fees	$0
AMERICAN FUNDS2 years Filed as: AMG FUNDS Service code 52 · EIN 20-4747475	Indirect Investment Fees	$0
DIMENSIONAL FUND ADVISORS1 year Service code 52 · EIN 36-3129984	Indirect Investment Fees	$0
EATON VANCE1 year Service code 52 · EIN 04-2325690	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-3365630	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY2 years Filed as: JP MORGAN Service code 52 · EIN 26-3613641	Indirect Investment Fees	$0
METROPOLITAN WEST ASSET MANAGEMENT2 years Service code 52 · EIN 95-4597302	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT1 year Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D3H2S2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$77K

$174 / participant

Investment mgmt$58K74.8%
Contract admin$11K13.9%
Other / not subdivided$9K11.3%

% of EOY assets

0.353%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: DAVIS AND COMPANY, PA
Auditor EIN: 421575695
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,795

$56,443-20.6%

$83,831-46.6%

$55,725-19.6%

Participation rate

95.7%

72.0%+23.7pp

76.1%+19.6pp

70.9%+24.9pp

Annual return

-2.06%

393.67%-395.7pp

850.99%-853.1pp

244.93%-247.0pp

Employer contribution / active EE

$996

$2,682-62.9%

$3,631-72.6%

$2,078-52.1%

Participant deferral / active EE

$3,400

$2,965+14.7%

$4,082-16.7%

$3,356+1.3%

Admin fee / account holder

$158

$156+1.3%

$5,479-97.1%

$115+37.4%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$56,961

REGIONS BANK1 year

Service code 50 · EIN 63-0589368

Direct Payment

$18,375

AMERICAN FUNDS2 years

Service code 52 · EIN 95-2817150

Indirect Investment Fees

AMERICAN FUNDS2 years

Filed as: AMG FUNDS

Service code 52 · EIN 20-4747475

Indirect Investment Fees

DIMENSIONAL FUND ADVISORS1 year

Service code 52 · EIN 36-3129984

Indirect Investment Fees

EATON VANCE1 year

Service code 52 · EIN 04-2325690

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-3365630

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY2 years

Filed as: JP MORGAN

Service code 52 · EIN 26-3613641

Indirect Investment Fees

METROPOLITAN WEST ASSET MANAGEMENT2 years

Service code 52 · EIN 95-4597302

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT1 year

Service code 52 · EIN 04-3158862

Indirect Investment Fees

BONITZ, INC. 401(K) RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BONITZ, INC. 401(K) RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion