Retirement plan

BAZELLA GROUP RETIREMENT PLAN

Name: BAZELLA WORKS - BAZELLA GROUP RETIREMENT PLAN (2023) Form 5500
Creator: BAZELLA WORKS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BAZELLA GROUP RETIREMENT PLAN, BAZELLA WORKS

BAZELLA WORKSEIN 82-5235939Plan #002PY 2023

949 SUMNER AVENUE - WHITEHALL, PA 18052610-821-1325

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$8.3M

+20.0% from 2022

Total participants

173

+8.1% from 2022

Average account balance

$59,455

+20.0% from 2022

Annual return

17.61%

+34.94 pp from 2022

Benchmarks

See 3,254 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,254 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.70M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

143

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.

86.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.23M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+13.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$333

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 1 by compensation

Provider	Service type	Compensation
FULTON FINANCIAL ADVISORS5+ years Filed as: FULTON BANK, N.A. Service code 15 · EIN 23-1928421	Recordkeeping	$40,946

Plan features & details

Pension benefit codes2E2G2J2T2F3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$41K

$317 / participant

Recordkeeping$5K12.9%
Investment mgmt$36K87.1%

% of EOY assets

0.492%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BUCKNO LISICKY & CO
Auditor EIN: 232426656
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,455

$76,669-22.5%

$96,520-38.4%

$71,495-16.8%

Participation rate

74.4%

66.6%+7.8pp

74.3%+0.1pp

67.9%+6.5pp

Annual return

17.61%

48.29%-30.7pp

35.72%-18.1pp

28.85%-11.2pp

Employer contribution / active EE

$5,938

$3,031+95.9%

$3,739+58.8%

$2,589+129.3%

Participant deferral / active EE

$3,318

$3,771-12.0%

$4,879-32.0%

$4,291-22.7%

Admin fee / account holder

$292

$2,028-85.6%

$6,733-95.7%

$1,588-81.6%

Provider

Service type

Compensation

FULTON FINANCIAL ADVISORS5+ years

Filed as: FULTON BANK, N.A.

Service code 15 · EIN 23-1928421

Recordkeeping

$40,946

BAZELLA GROUP RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BAZELLA GROUP RETIREMENT 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