Retirement plan

BEEFMASTER BREEDERS UNITED EMPLOYEES' 401K PLAN

Name: BEEFMASTER BREEDERS UNITED - BEEFMASTER BREEDERS UNITED EMPLOYEES' 401K PLAN (2023) Form 5500
Creator: BEEFMASTER BREEDERS UNITED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BEEFMASTER BREEDERS UNITED EMPLOYEES' 401K PLAN, BEEFMASTER BREEDERS UNITED

BEEFMASTER BREEDERS UNITEDEIN 74-1457036Plan #001PY 2023

PO BOX 3790 - BRYAN, TX 77805210-732-3132beefmasters.orgLinkedIn1-10 employeesranching

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$725K

+15.3% from 2022

Total participants

-13.3% from 2022

Average account balance

$55,747

+33.1% from 2022

Annual return

20.55%

+42.99 pp from 2022

Benchmarks

See 6,332 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants<25

Cohort6,332 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$870K

Not enough data

1 years with asset history on file

Average account balance

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

$62K

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.

140.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$33K

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

+15.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$86

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 codes2C2E2J

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
2E
Profit-sharing
Profit-sharing plan.
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.

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

$85K

$16975 / participant

Other / not subdivided$85K100.0%

% of EOY assets

11.712%

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

$55,747

$141,004-60.5%

$112,273-50.3%

$139,466-60.0%

Participation rate

100.0%

79.2%+20.8pp

72.4%+27.6pp

80.3%+19.7pp

Annual return

20.55%

32.75%-12.2pp

30.23%-9.7pp

373.66%-353.1pp

Employer contribution / active EE

$6,020

$4,285+40.5%

$3,431+75.4%

$4,754+26.6%

Participant deferral / active EE

$4,292

$5,878-27.0%

$4,800-10.6%

$6,712-36.1%

Admin fee / account holder

$6,529

$9,959-34.4%

$7,752-15.8%

$11,409-42.8%

BEEFMASTER BREEDERS UNITED EMPLOYEES' 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BEEFMASTER BREEDERS UNITED EMPLOYEES' 401K 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