Retirement plan

BOBIT BUSINESS MEDIA, INC., 401(K) PROFIT SHARING PLAN

Name: BOBIT BUSINESS MEDIA INC. - BOBIT BUSINESS MEDIA, INC., 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: BOBIT BUSINESS MEDIA INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOBIT BUSINESS MEDIA, INC., 401(K) PROFIT SHARING PLAN, BOBIT BUSINESS MEDIA INC.

BOBIT BUSINESS MEDIA INC.EIN 83-2273126Plan #001PY 2021

3520 CHALLENGER STREET - TORRANCE, CA 90503310-533-2430bobitbusinessmedia.comLinkedIn51-200 employeespublishing

Prospect flagsLow returnsLow employer contribution

How to read this page

Total assets (EOY)

$22.3M

-2.4% from 2020

Total participants

178

+0.6% from 2020

Average account balance

$131,758

-0.7% from 2020

Annual return

12.67%

-1.09 pp from 2020

Benchmarks

See 3,026 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort3,026 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.86M

Not enough data

1 years with asset history on file

Average account balance

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

$146K

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.

157

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.

88.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$783K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+16.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$111

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
HINTON BURDICK, PLLC2 years Filed as: HINTON, KREDITOR, AN Service code 10 · EIN 95-4552788	Accounting	$11,400
FIDELITY INVESTMENTS INSTITUTIONAL4+ years Service code 37 · EIN 04-2647786	Loan Processing	$763

Plan features & details

Pension benefit codes2F2G2J2K2T2E3D

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.
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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$13K

$148 / participant

Investment mgmt$7075.5%
Other / not subdivided$12K94.5%

% of EOY assets

0.058%

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: WARREN AVERETT,LLC
Auditor EIN: 454084437
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$131,758

$77,145+70.8%

$108,410+21.5%

$85,856+53.5%

Participation rate

89.7%

74.7%+15.0pp

80.1%+9.5pp

69.3%+20.3pp

Annual return

12.67%

44.54%-31.9pp

905.34%-892.7pp

318.58%-305.9pp

Employer contribution / active EE

$2,379-100.0%

$3,558-100.0%

$2,565-100.0%

Participant deferral / active EE

$7,765

$5,566+39.5%

$6,562+18.3%

$3,952+96.5%

Admin fee / account holder

$76

$5,172-98.5%

$7,296-99.0%

$6,261-98.8%

Provider

Service type

Compensation

HINTON BURDICK, PLLC2 years

Filed as: HINTON, KREDITOR, AN

Service code 10 · EIN 95-4552788

Accounting

$11,400

FIDELITY INVESTMENTS INSTITUTIONAL4+ years

Service code 37 · EIN 04-2647786

Loan Processing

$763

BOBIT BUSINESS MEDIA, INC., 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOBIT BUSINESS MEDIA, INC., 401(K) 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