Retirement plan

BERRY AVIATION, INC. PROFIT SHARING 401(K) PLAN

Name: BERRY AVIATION, INC. - BERRY AVIATION, INC. PROFIT SHARING 401(K) PLAN (2016) Form 5500
Creator: BERRY AVIATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BERRY AVIATION, INC. PROFIT SHARING 401(K) PLAN, BERRY AVIATION, INC.

BERRY AVIATION, INC.EIN 74-2288496Plan #001PY 2016

1807 AIRPORT DRIVE - SAN MARCOS, TX 78666512-353-2379berryaviation.comLinkedIn201-500 employeesaviation & aerospace

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$2.8M

+30.3% from 2015

Total participants

213

+4.4% from 2015

Average account balance

$48,760

+25.7% from 2015

Annual return

16.68%

+8.32 pp from 2015

Benchmarks

See 1,015 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,015 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.10M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

228

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.

59.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.37M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+15.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$137

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
LPL FINANCIAL2+ years Filed as: NEXT FINANCIAL GROUP INC Service code 49 · EIN 54-1900002	Other Services	$8,291
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$622
WILSHIRE ASSOCIATES INCORPORATED2+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$847

$4 / participant

Contract admin$847100.0%

% of EOY assets

0.030%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CALHOUN, THOMSON MATZA LLP
Auditor EIN: 742859143
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,760

$44,425+9.8%

$67,834-28.1%

$55,167-11.6%

Participation rate

23.9%

59.7%-35.8pp

68.8%-44.9pp

69.0%-45.1pp

Annual return

16.68%

17.80%-1.1pp

138.47%-121.8pp

169.23%-152.5pp

Employer contribution / active EE

$280

$1,351-79.3%

$2,403-88.4%

$1,963-85.7%

Participant deferral / active EE

$1,993

$2,166-8.0%

$3,160-36.9%

$3,054-34.7%

Admin fee / account holder

$15

$530-97.2%

$4,622-99.7%

$504-97.1%

Provider

Service type

Compensation

LPL FINANCIAL2+ years

Filed as: NEXT FINANCIAL GROUP INC

Service code 49 · EIN 54-1900002

Other Services

$8,291

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$622

WILSHIRE ASSOCIATES INCORPORATED2+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

BERRY AVIATION, INC. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BERRY AVIATION, INC. PROFIT SHARING 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