Retirement plan

EMPLOYEE BENEFIT PLAN OF BERGEY WINDPOWER COMPANY, INC.

Name: BERGEY WINDPOWER COMPANY, INC. - EMPLOYEE BENEFIT PLAN OF BERGEY WINDPOWER COMPANY, INC. (2019) Form 5500
Creator: BERGEY WINDPOWER COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF BERGEY WINDPOWER COMPANY, INC., BERGEY WINDPOWER COMPANY, INC.

BERGEY WINDPOWER COMPANY, INC.EIN 73-1081090Plan #001PY 2019

2200 INDUSTRIAL BLVD - NORMAN, OK 730698516405-364-4212bergey.comLinkedIn11-50 employeesutilities

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$375K

+5.4% from 2018

Total participants

-12.5% from 2018

Average account balance

$26,800

+12.9% from 2018

Annual return

20.60%

+26.93 pp from 2018

Benchmarks

See 21,381 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,381 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$484K

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

106.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$40K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+9.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4756

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 codes2F2G3D

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.
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 employer contribution
Employer 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.)

Expense breakdown

Schedule H Part II

Admin total

$68K

$11300 / participant

Other / not subdivided$68K100.0%

% of EOY assets

18.070%

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

$26,800

$103,387-74.1%

$87,102-69.2%

$152,885-82.5%

Participation rate

100.0%

79.4%+20.6pp

76.9%+23.1pp

82.5%+17.5pp

Annual return

20.60%

28.10%-7.5pp

28.19%-7.6pp

345.39%-324.8pp

Employer contribution / active EE

$449

$3,221-86.0%

$2,521-82.2%

$4,763-90.6%

Participant deferral / active EE

$1,772

$4,778-62.9%

$4,048-56.2%

$5,851-69.7%

Admin fee / account holder

$4,843

$12,193-60.3%

$7,491-35.4%

$11,598-58.2%

EMPLOYEE BENEFIT PLAN OF BERGEY WINDPOWER COMPANY, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF BERGEY WINDPOWER COMPANY, INC.

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