Retirement plan

BARFIELD, INC. 401(K) SAVINGS PLAN

Name: BARFIELD, INC. - BARFIELD, INC. 401(K) SAVINGS PLAN (2020) 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 2020

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

Prospect flagsLow returnsHigh feesLow employer contribution

Top hat statement on fileNQDC

Filed January 23, 2018

Plan administrator

Plan administrator name— Sign in and upgrade to view

4101 NW 29TH STREET

MIAMI State: FL Zip Code: 33142

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (1)

BARFIELD INC. NONQUALIFIED DEFERRED COMPENSATION PLAN24 emp

Open the filing PDF

How to read this page

Total assets (EOY)

$17.8M

-0.4% from 2019

Total participants

469

-10.3% from 2019

Average account balance

$40,135

+10.9% from 2019

Annual return

9.57%

-9.11 pp from 2019

Benchmarks

See 2,346 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,346 peers

Snapshot2020

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

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

Service providers

Top 10 of 21 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$120,513
UBS FINANCIAL SERVICES INC2 years Filed as: UBS FINANCIAL SERVICES, INC Service code 27 · EIN 13-2638166	Advisory (Plan)	$48,633
RETIREMENT SOLUTIONS SPECIALISTS2 years Service code 50 · EIN 27-0293282	Direct Payment	$8,106
PENSION ASSURANCE LLP2 years Filed as: PENSION CONSULTING SERVICES, INC. Service code 13 · EIN 43-0821857 1737 GEORGETOWN ROAD · HUDSON, OH 44236	Contract Administrator	$6,506
PENSION ASSURANCE LLP1 year Filed as: PENSION CONSULTING SERVICES, LLC Service code 14 · EIN 47-2447303	Plan Administrator	$1,695
ENVESTNET RETIREMENT SOLUTIONS, LLC2 years Service code 26 · EIN 61-1732930	Advisory (Participants)	$19
AMERICAN CENTURY4 years Service code 52 · EIN 43-0821857	Indirect Investment Fees	$0
AMERICAN FUNDS4 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
COHEN & STEERS4 years Service code 52 · EIN 14-1904657	Indirect Investment Fees	$0
COLUMBIA4 years Service code 52 · EIN 36-3376651	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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$178K

$462 / participant

Investment mgmt$152K85.7%
Contract admin$17K9.7%
Other / not subdivided$8K4.6%

% of EOY assets

1.000%

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

$40,135

$79,519-49.5%

$95,960-58.2%

$73,412-45.3%

Participation rate

93.2%

81.2%+12.1pp

77.1%+16.2pp

72.2%+21.1pp

Annual return

9.57%

19.20%-9.6pp

91.63%-82.1pp

59.30%-49.7pp

Employer contribution / active EE

$335

$2,048-83.6%

$2,541-86.8%

$2,234-85.0%

Participant deferral / active EE

$2,684

$4,138-35.1%

$4,167-35.6%

$3,806-29.5%

Admin fee / account holder

$401

$184+117.7%

$6,797-94.1%

$158+154.1%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$120,513

UBS FINANCIAL SERVICES INC2 years

Filed as: UBS FINANCIAL SERVICES, INC

Service code 27 · EIN 13-2638166

Advisory (Plan)

$48,633

RETIREMENT SOLUTIONS SPECIALISTS2 years

Service code 50 · EIN 27-0293282

Direct Payment

$8,106

PENSION ASSURANCE LLP2 years

Filed as: PENSION CONSULTING SERVICES, INC.

Service code 13 · EIN 43-0821857

1737 GEORGETOWN ROAD · HUDSON, OH 44236

Contract Administrator

$6,506

PENSION ASSURANCE LLP1 year

Filed as: PENSION CONSULTING SERVICES, LLC

Service code 14 · EIN 47-2447303

Plan Administrator

$1,695

ENVESTNET RETIREMENT SOLUTIONS, LLC2 years

Service code 26 · EIN 61-1732930

Advisory (Participants)

$19

AMERICAN CENTURY4 years

Service code 52 · EIN 43-0821857

Indirect Investment Fees

AMERICAN FUNDS4 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

COHEN & STEERS4 years

Service code 52 · EIN 14-1904657

Indirect Investment Fees

COLUMBIA4 years

Service code 52 · EIN 36-3376651

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