Retirement plan

BEKAERT CORPORATION 401(K) PROFIT SHARING PLAN

Name: BEKAERT CORPORATION - BEKAERT CORPORATION 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: BEKAERT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BEKAERT CORPORATION 401(K) PROFIT SHARING PLAN, BEKAERT CORPORATION

BEKAERT CORPORATIONEIN 62-1340165Plan #005PY 2023

4300 WILDWOOD PKWY, SUITE 100 - ATLANTA, GA 30339800-241-4126LinkedIn1-10 employees

Other plans on this EIN

1 filing

#001Retirement-$104.8M assets

Prospect flagsHigh cash

How to read this page

Total assets (EOY)

$182.5M

-3.1% from 2016

Total participants

1,698

-1.4% from 2016

Average account balance

$107,503

-1.3% from 2016

Annual return

22.15%

-2.96 pp from 2016

Benchmarks

See 809 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort809 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$177.57M

Not enough data

1 years with asset history on file

Average account balance

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

$105K

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.

1,687

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.

95.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.68M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+9.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$135

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 3 by compensation

Provider	Service type	Compensation
WILLIS TOWERS WATSON US LLC2 years Service code 27 · EIN 53-0181291	Advisory (Plan)	$78,721
PRUDENTIAL RETIREMENT INSURANCE AND9+ years Service code 13 · EIN 06-1050034	Contract Administrator	$34,126
THORNHILL FINANCIAL, INC.9+ years Service code 27 · EIN 34-1818419	Advisory (Plan)	$24,025

Plan features & details

Pension benefit codes2E2J2G2K2F2T3D

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

1 tripped

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

$140K

$123 / participant

Investment mgmt$103K73.4%
Contract admin$34K24.4%
Other / not subdivided$3K2.2%

% of EOY assets

0.077%

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: SIKICH CPA, LLC
Auditor EIN: 541172176
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$107,503

$104,544+2.8%

$96,564+11.3%

$80,187+34.1%

Participation rate

100.0%

86.4%+13.6pp

76.0%+24.0pp

72.9%+27.1pp

Annual return

22.15%

21.79%+0.4pp

25.89%-3.7pp

40.40%-18.3pp

Employer contribution / active EE

$3,801

$3,527+7.8%

$2,967+28.1%

$2,980+27.6%

Participant deferral / active EE

$4,525

$6,170-26.7%

$4,852-6.7%

$5,016-9.8%

Admin fee / account holder

$82

$107-22.8%

$8,256-99.0%

$145-43.2%

Provider

Service type

Compensation

WILLIS TOWERS WATSON US LLC2 years

Service code 27 · EIN 53-0181291

Advisory (Plan)

$78,721

PRUDENTIAL RETIREMENT INSURANCE AND9+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$34,126

THORNHILL FINANCIAL, INC.9+ years

Service code 27 · EIN 34-1818419

Advisory (Plan)

$24,025

BEKAERT CORPORATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BEKAERT CORPORATION 401(K) PROFIT SHARING 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