Retirement plan

BOECORE, INC. 401K PROFIT SHARING PLAN AND TRUST

Name: BOECORE, INC. - BOECORE, INC. 401K PROFIT SHARING PLAN AND TRUST (2020) Form 5500
Creator: BOECORE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOECORE, INC. 401K PROFIT SHARING PLAN AND TRUST, BOECORE, INC.

BOECORE, INC.EIN 84-1590236Plan #001PY 2020

90 SOUTH CASCADE AVENUE, STE. 500 - COLORADO SPRINGS, CO 80903719-540-5635

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$19.4M

+17.3% from 2019

Total participants

355

+5.0% from 2019

Average account balance

$64,420

+2.1% from 2019

Annual return

16.87%

-9.09 pp from 2019

Benchmarks

See 2,819 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,819 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$44.64M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

488

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

$4.86M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+88.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$402

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 4 by compensation

Provider	Service type	Compensation
CREIGHTON RETIREMENT PARTNERS3 years Service code 27 7200 E HAMPDEN AVE STE 206 · DENVER, CO 80224	Advisory (Plan)	$48,868
GREAT-WEST LIFE & ANNUITY INSURANCE5 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$14,263
RETIREMENT PLANNING SERVICES, INC.6+ years Filed as: RETIREMENT PLANNING SERVICES INC. Service code 13 P.O. BOX 3789 · LITTLETON, CO 80161	Contract Administrator	$11,400
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$8,434

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$121K

$478 / participant

Investment mgmt$49K40.5%
Other / not subdivided$72K59.5%

% of EOY assets

0.622%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: STOCKMAN KAST RYAN & COMPANY, LLP
Auditor EIN: 841509584
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,420

$100,801-36.1%

$149,696-57.0%

$73,409-12.2%

Participation rate

78.6%

77.7%+0.9pp

82.5%-3.9pp

72.2%+6.4pp

Annual return

16.87%

265.34%-248.5pp

276.60%-259.7pp

59.29%-42.4pp

Employer contribution / active EE

$3,069

$3,312-7.3%

$4,644-33.9%

$2,234+37.4%

Participant deferral / active EE

$7,143

$6,404+11.5%

$6,842+4.4%

$3,805+87.7%

Admin fee / account holder

$400

$181+121.5%

$9,309-95.7%

$158+153.6%

Provider

Service type

Compensation

CREIGHTON RETIREMENT PARTNERS3 years

Service code 27

7200 E HAMPDEN AVE STE 206 · DENVER, CO 80224

Advisory (Plan)

$48,868

GREAT-WEST LIFE & ANNUITY INSURANCE5 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$14,263

RETIREMENT PLANNING SERVICES, INC.6+ years

Filed as: RETIREMENT PLANNING SERVICES INC.

Service code 13

P.O. BOX 3789 · LITTLETON, CO 80161

Contract Administrator

$11,400

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$8,434

BOECORE, INC. 401K PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOECORE, INC. 401K 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