Retirement plan

EMPLOYEE BENEFIT PLAN OF BINDING SYSTEMS OF AMERICA, LLC

Name: BINDING SYSTEMS OF AMERICA, LLC - EMPLOYEE BENEFIT PLAN OF BINDING SYSTEMS OF AMERICA, LLC (2019) Form 5500
Creator: BINDING SYSTEMS OF AMERICA, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF BINDING SYSTEMS OF AMERICA, LLC, BINDING SYSTEMS OF AMERICA, LLC

BINDING SYSTEMS OF AMERICA, LLCEIN 71-1033213Plan #001PY 2019

95 HOFFMAN LN - ISLANDIA, NY 117495020631-390-8560bindingsystemsofamerica.comLinkedIn11-50 employeesbusiness supplies and equipment

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$2.6M

+29.3% from 2018

Total participants

+16.7% from 2018

Average account balance

$377,215

+10.8% from 2018

Annual return

24.87%

-4.90 pp from 2018

Benchmarks

See 8,239 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,239 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.83M

Not enough data

1 years with asset history on file

Average account balance

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

$767K

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.

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.

125.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$69K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+18.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3226

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2T3D

Plan features

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.
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

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$51

$10 / participant

Other / not subdivided$51100.0%

% of EOY assets

0.002%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$377,215

$116,190+224.7%

$93,614+302.9%

$152,885+146.7%

Participation rate

100.0%

78.0%+22.0pp

75.8%+24.2pp

82.5%+17.5pp

Annual return

24.87%

35.96%-11.1pp

32.76%-7.9pp

345.39%-320.5pp

Employer contribution / active EE

$4,911

$3,219+52.6%

$2,718+80.7%

$4,763+3.1%

Participant deferral / active EE

$13,166

$4,604+186.0%

$4,069+223.6%

$5,851+125.0%

Admin fee / account holder

$10,749-99.9%

$7,889-99.9%

$11,598-99.9%

EMPLOYEE BENEFIT PLAN OF BINDING SYSTEMS OF AMERICA, LLC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF BINDING SYSTEMS OF AMERICA, LLC

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