Retirement plan

THE BOSWORTH COMPANY EMPLOYEES THRIFT PLAN

Name: THE BOSWORTH COMPANY - THE BOSWORTH COMPANY EMPLOYEES THRIFT PLAN (2020) Form 5500
Creator: THE BOSWORTH COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE BOSWORTH COMPANY EMPLOYEES THRIFT PLAN, THE BOSWORTH COMPANY

THE BOSWORTH COMPANYEIN 75-1012121Plan #002PY 2020

PO BOX 3449 - MIDLAND, TX 797023449432-683-5233bosworthco.comLinkedIn201-500 employeesconstruction

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$21.2M

+6.6% from 2019

Total participants

356

+2.9% from 2019

Average account balance

$64,729

+3.1% from 2019

Annual return

10.63%

-7.73 pp from 2019

Benchmarks

See 1,282 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,282 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.34M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

301

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.

93.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+9.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$567

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 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$76,224
RAYMOND JAMES FINANCIAL SERVICES2 years Filed as: RAYMOND JAMES & ASSOCIATES Service code 27 880 CARILLON PKWY · ST PETERSBURG, FL 33716	Advisory (Plan)	$55,079
THE BOSWORTH COMPANY, LTD6+ years Service code 25 · EIN 75-1012121	Directed Trustee	$22,315
GREAT-WEST LIFE & ANNUITY INSURANCE6+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$12,945
PENTEC PENSION MANAGEMENT GROUP INC6+ years Filed as: PENTEC PENSION MGMT Service code 13 · EIN 75-2776689	Contract Administrator	$10,305
PENTEC PENSION MANAGEMENT GROUP INC6+ years Filed as: PENTEC PENSION MGMT GROUP, INC. Service code 13	Contract Administrator	$10,000

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$176K

$563 / participant

Other / not subdivided$176K100.0%

% of EOY assets

0.830%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WHITLEY PENN, LLP
Auditor EIN: 752393478
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,729

$91,517-29.3%

$101,275-36.1%

$73,412-11.8%

Participation rate

90.7%

73.8%+16.9pp

75.8%+14.9pp

72.2%+18.5pp

Annual return

10.63%

17.17%-6.5pp

46.48%-35.9pp

59.30%-48.7pp

Employer contribution / active EE

$1,661

$2,877-42.3%

$3,660-54.6%

$2,234-25.6%

Participant deferral / active EE

$4,180

$3,338+25.2%

$4,371-4.4%

$3,806+9.8%

Admin fee / account holder

$537

$216+148.8%

$5,948-91.0%

$158+240.2%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$76,224

RAYMOND JAMES FINANCIAL SERVICES2 years

Filed as: RAYMOND JAMES & ASSOCIATES

Service code 27

880 CARILLON PKWY · ST PETERSBURG, FL 33716

Advisory (Plan)

$55,079

THE BOSWORTH COMPANY, LTD6+ years

Service code 25 · EIN 75-1012121

Directed Trustee

$22,315

GREAT-WEST LIFE & ANNUITY INSURANCE6+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$12,945

PENTEC PENSION MANAGEMENT GROUP INC6+ years

Filed as: PENTEC PENSION MGMT

Service code 13 · EIN 75-2776689

Contract Administrator

$10,305

PENTEC PENSION MANAGEMENT GROUP INC6+ years

Filed as: PENTEC PENSION MGMT GROUP, INC.

Service code 13

Contract Administrator

$10,000

THE BOSWORTH COMPANY EMPLOYEES THRIFT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE BOSWORTH COMPANY EMPLOYEES THRIFT 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