Retirement plan

BRISTOL METALS, LP PROFIT SHARING PLAN - PLAN A

Name: BRISTOL METALS, LP - BRISTOL METALS, LP PROFIT SHARING PLAN - PLAN A (2023) Form 5500
Creator: BRISTOL METALS, LP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BRISTOL METALS, LP PROFIT SHARING PLAN - PLAN A, BRISTOL METALS, LP

BRISTOL METALS, LPEIN 58-2245237Plan #001PY 2023

390 BRISTOL METALS ROAD - BRISTOL, TN 37620423-989-4781brismet.comLinkedIn51-200 employeesmining & metals

Prospect flagsHigh cashLow participant contribution

How to read this page

Total assets (EOY)

$7.1M

+15.1% from 2022

Total participants

179

-12.3% from 2022

Average account balance

$40,497

+16.4% from 2022

Annual return

17.31%

+32.26 pp from 2022

Benchmarks

See 4,137 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,137 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.02M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

179

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.

84.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$461K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$268

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$22,286
FTB ADVISORS, INC.5 years Filed as: FTB ADVISORS INC Service code 27 · EIN 62-1254528	Advisory (Plan)	$19,602

Plan features & details

Pension benefit codes2F2G2J2T2E3D

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.
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.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$42K

$304 / participant

Recordkeeping$22K53.2%
Investment mgmt$20K46.8%

% of EOY assets

0.591%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MOSS ADAMS LLP
Auditor EIN: 910189318
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,497

$76,112-46.8%

$96,544-58.1%

$71,529-43.4%

Participation rate

97.1%

74.4%+22.7pp

76.0%+21.1pp

67.9%+29.2pp

Annual return

17.31%

22.80%-5.5pp

25.88%-8.6pp

28.97%-11.7pp

Employer contribution / active EE

$2,066

$2,248-8.1%

$2,966-30.4%

$2,590-20.2%

Participant deferral / active EE

$1,465

$4,217-65.3%

$4,851-69.8%

$4,291-65.9%

Admin fee / account holder

$239

$2,708-91.2%

$8,254-97.1%

$1,588-84.9%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$22,286

FTB ADVISORS, INC.5 years

Filed as: FTB ADVISORS INC

Service code 27 · EIN 62-1254528

Advisory (Plan)

$19,602

BRISTOL METALS, LP PROFIT SHARING PLAN - PLAN A

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BRISTOL METALS, LP PROFIT SHARING PLAN - PLAN A

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