Retirement plan

BERGMAN CORPORATION DBA MINER'S BUILDING EMPLOYEE PROFIT SHARING PLAN AND TRUST

Name: BERGMAN CORPORATION D/B/A MINER'S BUILDING - BERGMAN CORPORATION DBA MINER'S BUILDING EMPLOYEE PROFIT SHARING PLAN AND TRUST (2018) Form 5500
Creator: BERGMAN CORPORATION D/B/A MINER'S BUILDING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BERGMAN CORPORATION DBA MINER'S BUILDING EMPLOYEE PROFIT SHARING PLAN AND TRUST, BERGMAN CORPORATION D/B/A MINER'S BUILDING

BERGMAN CORPORATION D/B/A MINER'S BUILDINGEIN 84-0676074Plan #001PY 2018

PO BOX 1365 - ASPEN, CO 816121365970-925-5550

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$8M

+0.9% from 2017

Total participants

-3.8% from 2017

Average account balance

$163,674

+0.9% from 2017

Annual return

7.50%

-2.42 pp from 2017

Benchmarks

See 9,413 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,413 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.28M

Not enough data

1 years with asset history on file

Average account balance

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

$207K

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.

129.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$294K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+6.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$34895

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2T3D3H

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.
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.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$680K

$17903 / participant

Other / not subdivided$680K100.0%

% of EOY assets

8.483%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$163,674

$50,947+221.3%

$74,549+119.6%

$64,173+155.1%

Participation rate

97.4%

61.1%+36.3pp

69.1%+28.2pp

69.6%+27.8pp

Annual return

7.50%

-1.85%+9.4pp

32.53%-25.0pp

7.63%-0.1pp

Employer contribution / active EE

$3,611

$1,115+223.8%

$1,961+84.2%

$2,381+51.7%

Participant deferral / active EE

$2,302-100.0%

$3,108-100.0%

$3,470-100.0%

Admin fee / account holder

$13,884

$4,221+228.9%

$5,059+174.4%

$4,887+184.1%

BERGMAN CORPORATION DBA MINER'S BUILDING EMPLOYEE PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BERGMAN CORPORATION DBA MINER'S BUILDING EMPLOYEE PROFIT SHARING PLAN AND 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