Retirement plan

BIOSPLICE SERVICES CORPORATION 401(K) PROFIT SHARING PLAN & TRUST

Name: BIOSPLICE SERVICES CORPORATION - BIOSPLICE SERVICES CORPORATION 401(K) PROFIT SHARING PLAN & TRUST (2022) Form 5500
Creator: BIOSPLICE SERVICES CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BIOSPLICE SERVICES CORPORATION 401(K) PROFIT SHARING PLAN & TRUST, BIOSPLICE SERVICES CORPORATION

BIOSPLICE SERVICES CORPORATIONEIN 83-3947152Plan #001PY 2022

9360 TOWNE CENTRE DRIVE - SAN DIEGO, CA 92121858-952-9303

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$8.6M

-30.4% from 2021

Total participants

150

-36.2% from 2021

Average account balance

$63,829

-3.8% from 2021

Annual return

-18.06%

-35.21 pp from 2021

Benchmarks

See 27,998 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort27,998 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.46M

Not enough data

1 years with asset history on file

Average account balance

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

$107K

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.

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.

66.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$548K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+17.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$499

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
PAYCHEX, INC.2 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625	Recordkeeping	$23,286
MMA SECURITIES LLC2 years Filed as: MMA SECURITIES, LLC Service code 15 PO BOX 9497 · NEW YORK, NY 10087	Recordkeeping	$19,717

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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

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

$44K

$733 / participant

Investment mgmt$21K46.8%
Contract admin$23K53.2%

% of EOY assets

0.514%

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: MELETIS & MUNSCH LLP
Auditor EIN: 823282227
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$63,829

$82,678-22.8%

$125,391-49.1%

$68,490-6.8%

Participation rate

73.3%

75.1%-1.7pp

82.4%-9.1pp

67.9%+5.4pp

Annual return

-18.06%

-5.97%-12.1pp

572.41%-590.5pp

-7.85%-10.2pp

Employer contribution / active EE

$4,170

$3,382+23.3%

$4,816-13.4%

$2,597+60.6%

Participant deferral / active EE

$19,092

$6,111+212.4%

$7,448+156.3%

$4,028+374.0%

Admin fee / account holder

$328

$6,277-94.8%

$10,009-96.7%

$5,403-93.9%

Provider

Service type

Compensation

PAYCHEX, INC.2 years

Service code 15 · EIN 16-1124166

911 PANORAMA TRAIL S · ROCHESTER, NY 14625

Recordkeeping

$23,286

MMA SECURITIES LLC2 years

Filed as: MMA SECURITIES, LLC

Service code 15

PO BOX 9497 · NEW YORK, NY 10087

Recordkeeping

$19,717

BIOSPLICE SERVICES CORPORATION 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BIOSPLICE SERVICES CORPORATION 401(K) PROFIT SHARING PLAN & TRUST

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