Retirement plan

BERTELSMANN FOUNDATION NORTH AMERICA, INC. 401(K) PLAN

Name: BERTELSMANN FOUNDATION NORTH AMERICA INC. - BERTELSMANN FOUNDATION NORTH AMERICA, INC. 401(K) PLAN (2017) Form 5500
Creator: BERTELSMANN FOUNDATION NORTH AMERICA INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BERTELSMANN FOUNDATION NORTH AMERICA, INC. 401(K) PLAN, BERTELSMANN FOUNDATION NORTH AMERICA INC.

BERTELSMANN FOUNDATION NORTH AMERICA INC.EIN 71-1048702Plan #001PY 2017

1275 PENNSYLVANIA AVE., NW, SUITE 601 - WASHINGTON, DC 20004202-384-1992bfna.orgLinkedIn1-10 employeesthink tanks

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$494K

+17.6% from 2016

Total participants

-26.7% from 2016

Average account balance

$44,925

+60.4% from 2016

Annual return

18.50%

+8.50 pp from 2016

Benchmarks

See 114,324 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort114,324 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.71M

Not enough data

1 years with asset history on file

Average account balance

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

$131K

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.

144.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$153K

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

+12.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3895

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 codes2E2F2G2J3D

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.
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 fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$102K

$12728 / participant

Other / not subdivided$102K100.0%

% of EOY assets

20.604%

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

$44,925

$150,447-70.1%

$136,298-67.0%

$147,586-69.6%

Participation rate

100.0%

84.4%+15.6pp

81.9%+18.1pp

82.8%+17.2pp

Annual return

18.50%

1049.15%-1030.7pp

5156.27%-5137.8pp

578.59%-560.1pp

Employer contribution / active EE

$5,780

$5,256+10.0%

$4,696+23.1%

$4,876+18.5%

Participant deferral / active EE

$6,464

$6,631-2.5%

$6,247+3.5%

$5,439+18.9%

Admin fee / account holder

$9,256

$10,906-15.1%

$9,244+0.1%

$10,886-15.0%

BERTELSMANN FOUNDATION NORTH AMERICA, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BERTELSMANN FOUNDATION NORTH AMERICA, INC. 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