Retirement plan

BARRON SERVICE PARTS 401K PROFIT SHARING PLAN

Name: BARRON SERVICE PARTS CO - BARRON SERVICE PARTS 401K PROFIT SHARING PLAN (2019) Form 5500
Creator: BARRON SERVICE PARTS CO
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BARRON SERVICE PARTS 401K PROFIT SHARING PLAN, BARRON SERVICE PARTS CO

BARRON SERVICE PARTS COEIN 75-1584056Plan #001PY 2019

409 E. 2ND STREET - ODESSA, TX 79761432-332-7120napa-bsp.comLinkedIn201-500 employeesautomotive

Prospect flagsLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$7.8M

+25.2% from 2018

Total participants

331

+5.4% from 2018

Average account balance

$24,972

+25.2% from 2018

Annual return

27.75%

+33.26 pp from 2018

Benchmarks

See 2,278 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,278 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.71M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

212

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.

80.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$522K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

-1.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$166

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 2 by compensation

Provider	Service type	Compensation
FIRST CLEARING LLC5+ years Filed as: FIRST CLEARING Service code 28 · EIN 23-2384840	Investment Management	$65,987
RANDY SILHAN, CPA, CFE5+ years Service code 10 · EIN 26-2515308	Accounting	$7,000

Plan features & details

Pension benefit codes2E3D3H2H2J2K

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$7K

$37 / participant

Other / not subdivided$7K100.0%

% of EOY assets

0.089%

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: RANDY SILHAN CPA CFE
Auditor EIN: 262515308
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,972

$49,138-49.2%

$84,023-70.3%

$65,186-61.7%

Participation rate

91.1%

60.7%+30.4pp

69.0%+22.1pp

70.2%+20.9pp

Annual return

27.75%

23.00%+4.8pp

71.32%-43.6pp

29.39%-1.6pp

Employer contribution / active EE

$914-100.0%

$1,984-100.0%

$2,177-100.0%

Participant deferral / active EE

$1,436

$2,397-40.1%

$3,239-55.7%

$3,514-59.1%

Admin fee / account holder

$22

$543-95.9%

$6,102-99.6%

$847-97.4%

Provider

Service type

Compensation

FIRST CLEARING LLC5+ years

Filed as: FIRST CLEARING

Service code 28 · EIN 23-2384840

Investment Management

$65,987

RANDY SILHAN, CPA, CFE5+ years

Service code 10 · EIN 26-2515308

Accounting

$7,000

BARRON SERVICE PARTS 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BARRON SERVICE PARTS 401K PROFIT SHARING 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