Retirement plan

MDB 401(K) PLAN

Name: BEXCO ENTERPRISES, INC. - MDB 401(K) PLAN (2022) Form 5500
Creator: BEXCO ENTERPRISES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MDB 401(K) PLAN, BEXCO ENTERPRISES, INC.

BEXCO ENTERPRISES, INC.EIN 76-0026006Plan #002PY 2022

8700 REX RD. - PICO RIVERA, CA 90660323-728-8988milliondollarbaby.comLinkedIn51-200 employeesfurniture

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.4M

-8.9% from 2021

Total participants

149

+2.1% from 2021

Average account balance

$57,606

-12.0% from 2021

Annual return

-16.47%

-31.37 pp from 2021

Benchmarks

See 2,289 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,289 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.42M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

160

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.

97.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+13.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$258

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 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$45,243
UBS FINANCIAL SERVICES INC2 years Filed as: UBS FINANCIAL SERVICES INC. Service code 49 · EIN 51-0120742	Other Services	$19,378
ALLIED CONSULTANTS, INC1 year Filed as: ALLIED CONSULTANTS INC Service code 13	Contract Administrator	$3,876
WILSHIRE ASSOCIATES INCORPORATED2 years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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

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

$46K

$410 / participant

Contract admin$46K100.0%

% of EOY assets

0.554%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KALL ACCOUNTANCY CORPORATION
Auditor EIN: 832920367
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,606

$86,692-33.6%

$119,634-51.8%

$66,949-14.0%

Participation rate

96.5%

75.6%+20.9pp

79.3%+17.2pp

69.8%+26.6pp

Annual return

-16.47%

-8.00%-8.5pp

-14.98%-1.5pp

1.57%-18.0pp

Employer contribution / active EE

$3,369

$2,536+32.8%

$4,232-20.4%

$2,545+32.3%

Participant deferral / active EE

$5,530

$4,360+26.8%

$5,601-1.3%

$4,239+30.5%

Admin fee / account holder

$319

$755-57.7%

$10,329-96.9%

$594-46.2%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$45,243

UBS FINANCIAL SERVICES INC2 years

Filed as: UBS FINANCIAL SERVICES INC.

Service code 49 · EIN 51-0120742

Other Services

$19,378

ALLIED CONSULTANTS, INC1 year

Filed as: ALLIED CONSULTANTS INC

Service code 13

Contract Administrator

$3,876

WILSHIRE ASSOCIATES INCORPORATED2 years

Service code 27 · EIN 95-2755361

Advisory (Plan)

MDB 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MDB 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