Retirement plan

BARFIELD, INC. 401(K) SAVINGS PLAN

Name: BARFIELD, INC. - BARFIELD, INC. 401(K) SAVINGS PLAN (2019) Form 5500
Creator: BARFIELD, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BARFIELD, INC. 401(K) SAVINGS PLAN, BARFIELD, INC.

BARFIELD, INC.EIN 59-0556588Plan #001PY 2019

4101 N.W. 29TH STREET - MIAMI, FL 33142305-894-5318barfieldinc.comLinkedIn201-500 employeesaviation & aerospace

Prospect flagsHigh feesCorrective distributions

Top hat statement on fileNQDC

Filed January 23, 2018

Plan administrator

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4101 NW 29TH STREET

MIAMI State: FL Zip Code: 33142

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Plans declared (1)

BARFIELD INC. NONQUALIFIED DEFERRED COMPENSATION PLAN24 emp

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Total assets (EOY)

$17.8M

+21.1% from 2018

Total participants

523

+7.6% from 2018

Average account balance

$36,194

+10.6% from 2018

Annual return

18.68%

+23.79 pp from 2018

Benchmarks

See 2,415 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,415 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.99M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

451

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.

93.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.00M

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

+10.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$344

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 18 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Service code 49 · EIN 04-1590850	Other Services	$124,867
UBS FINANCIAL SERVICES INC1 year Filed as: UBS FINANCIAL SERVICES, INC Service code 27 · EIN 13-2638166	Advisory (Plan)	$46,924
BARFIELD INC.1 year Filed as: BARFIELD, INC. Service code 10 · EIN 59-0556588	Accounting	$6,459
PENSION ASSURANCE LLP1 year Filed as: PENSION CONSULTING SERVICES, INC. Service code 13 · EIN 43-0821857 1737 GEORGETOWN ROAD · HUDSON, OH 44236	Contract Administrator	$1,115
RETIREMENT SOLUTIONS SPECIALISTS1 year Service code 50 · EIN 27-0293282	Direct Payment	$695
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Service code 26 · EIN 61-1732930	Advisory (Participants)	$64
AMERICAN FUNDS3 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
COHEN & STEERS3 years Service code 52 · EIN 14-1904657	Indirect Investment Fees	$0
COLUMBIA3 years Service code 52 · EIN 36-3376651	Indirect Investment Fees	$0
EATON VANCE3 years Service code 52 · EIN 04-2352690	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$179K

$408 / participant

Investment mgmt$158K88.5%
Contract admin$13K7.3%
Other / not subdivided$7K4.1%

% of EOY assets

1.003%

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: ASSURANCE DIMENSIONS
Auditor EIN: 263429295
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,194

$73,404-50.7%

$87,104-58.4%

$67,579-46.4%

Participation rate

93.2%

80.9%+12.3pp

76.9%+16.3pp

71.3%+21.9pp

Annual return

18.68%

48.29%-29.6pp

28.19%-9.5pp

378.56%-359.9pp

Employer contribution / active EE

$1,062

$2,014-47.3%

$2,521-57.9%

$2,148-50.6%

Participant deferral / active EE

$2,868

$3,913-26.7%

$4,048-29.1%

$3,539-19.0%

Admin fee / account holder

$363

$142+156.4%

$7,491-95.2%

$142+155.1%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Service code 49 · EIN 04-1590850

Other Services

$124,867

UBS FINANCIAL SERVICES INC1 year

Filed as: UBS FINANCIAL SERVICES, INC

Service code 27 · EIN 13-2638166

Advisory (Plan)

$46,924

BARFIELD INC.1 year

Filed as: BARFIELD, INC.

Service code 10 · EIN 59-0556588

Accounting

$6,459

PENSION ASSURANCE LLP1 year

Filed as: PENSION CONSULTING SERVICES, INC.

Service code 13 · EIN 43-0821857

1737 GEORGETOWN ROAD · HUDSON, OH 44236

Contract Administrator

$1,115

RETIREMENT SOLUTIONS SPECIALISTS1 year

Service code 50 · EIN 27-0293282

Direct Payment

$695

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Service code 26 · EIN 61-1732930

Advisory (Participants)

$64

AMERICAN FUNDS3 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

COHEN & STEERS3 years

Service code 52 · EIN 14-1904657

Indirect Investment Fees

COLUMBIA3 years

Service code 52 · EIN 36-3376651

Indirect Investment Fees

EATON VANCE3 years

Service code 52 · EIN 04-2352690

Indirect Investment Fees

BARFIELD, INC. 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BARFIELD, INC. 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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