Retirement plan

BARNUM AND CELILLO ELECTRIC, INC PROFIT SHARING AND 401(K) PLAN

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

BARNUM AND CELILLO ELECTRIC, INCEIN 68-0227342Plan #001PY 2023

135 MAIN AVENUE - SACRAMENTO, CA 95838916-646-4661barnumcelillo.comLinkedIn201-500 employeesconstruction

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$16.5M

+13.1% from 2022

Total participants

553

+1.8% from 2022

Average account balance

$33,473

+5.3% from 2022

Annual return

10.84%

+24.46 pp from 2022

Benchmarks

See 1,502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,502 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.14M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

491

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.

62.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.30M

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

+8.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$284

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
TRANSAMERICA RETIREMENT SOLUTIONS5 years Filed as: TRANSAMERICA FINANCIAL LIFE INS CO Service code 15 · EIN 36-6071399	Recordkeeping	$73,746
MERRILL LYNCH PIERCE FENNER & SMITH7 years Filed as: MERRILL LYNCH Service code 27 · EIN 13-2808480	Advisory (Plan)	$44,522
WITHUMSMITH+BROWN, PC1 year Filed as: BROWN, FINK, BOYCE & ASTLE Service code 10 · EIN 68-0000424	Accounting	$10,600

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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

2 tripped

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

$129K

$513 / participant

Recordkeeping$74K57.2%
Investment mgmt$45K34.5%
Other / not subdivided$11K8.2%

% of EOY assets

0.779%

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: BFBA, LLP
Auditor EIN: 680000424
Audit fees: $10,600
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,473

$93,010-64.0%

$96,515-65.3%

$74,460-55.0%

Participation rate

76.5%

71.6%+4.9pp

74.3%+2.1pp

70.7%+5.7pp

Annual return

10.84%

37.50%-26.7pp

35.73%-24.9pp

34.38%-23.5pp

Employer contribution / active EE

$1,042

$3,427-69.6%

$3,740-72.1%

$2,638-60.5%

Participant deferral / active EE

$3,327

$3,971-16.2%

$4,880-31.8%

$4,530-26.5%

Admin fee / account holder

$261

$633-58.8%

$6,735-96.1%

$348-25.0%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS5 years

Filed as: TRANSAMERICA FINANCIAL LIFE INS CO

Service code 15 · EIN 36-6071399

Recordkeeping

$73,746

MERRILL LYNCH PIERCE FENNER & SMITH7 years

Filed as: MERRILL LYNCH

Service code 27 · EIN 13-2808480

Advisory (Plan)

$44,522

WITHUMSMITH+BROWN, PC1 year

Filed as: BROWN, FINK, BOYCE & ASTLE

Service code 10 · EIN 68-0000424

Accounting

$10,600

BARNUM AND CELILLO ELECTRIC, INC PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BARNUM AND CELILLO ELECTRIC, INC PROFIT SHARING AND 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