Retirement plan

THE BAILEY COMPANY 401(K) PLAN

Name: THE BAILEY COMPANY, INC. - THE BAILEY COMPANY 401(K) PLAN (2017) Form 5500
Creator: THE BAILEY COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE BAILEY COMPANY 401(K) PLAN, THE BAILEY COMPANY, INC.

THE BAILEY COMPANY, INC.EIN 62-0509807Plan #002PY 2017

501 COWAN STREET - NASHVILLE, TN 37207615-238-2603baileycompany.comLinkedIn201-500 employeeslogistics and supply chain

Prospect flagsLow returnsHigh feesLow participationLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$15.5M

+15.1% from 2016

Total participants

316

-6.5% from 2016

Average account balance

$73,047

+25.9% from 2016

Annual return

13.38%

+7.71 pp from 2016

Benchmarks

See 1,232 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,232 peers

Snapshot2017

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$18.63M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

316

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.

70.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.40M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$253

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 5 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS3+ years Filed as: TRANSAMERICA RETIREMENT SOLUTIONS C Service code 15 · EIN 13-3689044	Recordkeeping	$70,560
CETERA ADVISOR NETWORKS LLC3+ years Service code 22 · EIN 95-3845382	Insurance Broker	$38,755
AVINTUS3+ years Service code 15 · EIN 04-3682160	Recordkeeping	$9,975
CETERA ADVISOR NETWORKS LLC3+ years Filed as: CETERA FINANCIAL GROUP Service code 22 · EIN 30-0588666	Insurance Broker	$3,793
AVINTUS1 year Filed as: AVINTUS, LLC Service code 15	Recordkeeping	$1,473

Plan features & details

Pension benefit codes2E2G2J2K3D2F2T

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.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant 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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$94K

$329 / participant

Contract admin$10K10.6%
Other / not subdivided$84K89.4%

% of EOY assets

0.609%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: DANIEL IRWIN & TAYLOR
Auditor EIN: 621802605
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$73,047

$71,666+1.9%

$117,854-38.0%

$69,631+4.9%

Participation rate

63.8%

77.5%-13.8pp

79.7%-15.9pp

70.7%-6.9pp

Annual return

13.38%

18.86%-5.5pp

335.08%-321.7pp

27571.02%-27557.6pp

Employer contribution / active EE

$1,099

$1,889-41.8%

$3,786-71.0%

$2,032-45.9%

Participant deferral / active EE

$1,697

$3,340-49.2%

$4,482-62.1%

$3,224-47.4%

Admin fee / account holder

$445

$120+269.8%

$8,020-94.5%

$110+302.9%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS3+ years

Filed as: TRANSAMERICA RETIREMENT SOLUTIONS C

Service code 15 · EIN 13-3689044

Recordkeeping

$70,560

CETERA ADVISOR NETWORKS LLC3+ years

Service code 22 · EIN 95-3845382

Insurance Broker

$38,755

AVINTUS3+ years

Service code 15 · EIN 04-3682160

Recordkeeping

$9,975

CETERA ADVISOR NETWORKS LLC3+ years

Filed as: CETERA FINANCIAL GROUP

Service code 22 · EIN 30-0588666

Insurance Broker

$3,793

AVINTUS1 year

Filed as: AVINTUS, LLC

Service code 15

Recordkeeping

$1,473

THE BAILEY COMPANY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE BAILEY COMPANY 401(K) PLAN

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