Retirement plan

BIXBY ELECTRIC, INC. RETIREMENT SAVINGS PLAN

Name: BIXBY ELECTRIC, INC. - BIXBY ELECTRIC, INC. RETIREMENT SAVINGS PLAN (2020) Form 5500
Creator: BIXBY ELECTRIC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BIXBY ELECTRIC, INC. RETIREMENT SAVINGS PLAN, BIXBY ELECTRIC, INC.

BIXBY ELECTRIC, INC.EIN 85-0362683Plan #002PY 2020

521 WHEELER AVENUE SE - ALBUQUERQUE, NM 87102505-842-5384bixbyelectric.comLinkedIn51-200 employeesconstruction

Prospect flagsLow assets / participantLow employer contributionLow fidelity bondFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$4.9M

+27.8% from 2019

Total participants

277

+10.4% from 2019

Average account balance

$21,417

+11.6% from 2019

Annual return

18.49%

-4.06 pp from 2019

Benchmarks

See 2,939 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,939 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.90M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

78.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$862K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+10.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$299

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 7 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC4 years Filed as: T ROWE PRICE RPS, INC Service code 15 · EIN 52-1309931	Recordkeeping	$1,220
AMERICAN REALTY ADVISORS4 years Filed as: AMERICAN BEACON FUNDS Service code 28 · EIN 75-2401150	Investment Management	$0
BUFFALO FUNDS1 year Filed as: BUFFALO FUNDS, THE Service code 28 · EIN 48-1069845	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL4 years Filed as: FIDELITY Service code 28 · EIN 04-2647786	Investment Management	$0
PRINCIPAL LIFE INSURANCE COMPANY4 years Filed as: PRINCIPAL FUNDS Service code 28 · EIN 42-1312301	Investment Management	$0
TIAA4 years Filed as: TIAA-CREF Service code 28 · EIN 13-1624203	Investment Management	$0
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO FUNDS TRUST Service code 28 · EIN 41-0449260	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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

5 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1K

$7 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.025%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CLIFTONLARSONALLEN
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,417

$69,383-69.1%

$101,271-78.9%

$73,493-70.9%

Participation rate

73.5%

68.4%+5.1pp

75.8%-2.3pp

70.7%+2.8pp

Annual return

18.49%

18.46%0pp

46.48%-28.0pp

28.51%-10.0pp

Employer contribution / active EE

$267

$2,628-89.8%

$3,660-92.7%

$2,270-88.2%

Participant deferral / active EE

$3,989

$3,301+20.8%

$4,371-8.7%

$3,740+6.7%

Admin fee / account holder

$704-99.2%

$5,948-99.9%

$513-99.0%

Provider

Service type

Compensation

T ROWE PRICE RPS INC4 years

Filed as: T ROWE PRICE RPS, INC

Service code 15 · EIN 52-1309931

Recordkeeping

$1,220

AMERICAN REALTY ADVISORS4 years

Filed as: AMERICAN BEACON FUNDS

Service code 28 · EIN 75-2401150

Investment Management

BUFFALO FUNDS1 year

Filed as: BUFFALO FUNDS, THE

Service code 28 · EIN 48-1069845

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Filed as: FIDELITY

Service code 28 · EIN 04-2647786

Investment Management

PRINCIPAL LIFE INSURANCE COMPANY4 years

Filed as: PRINCIPAL FUNDS

Service code 28 · EIN 42-1312301

Investment Management

TIAA4 years

Filed as: TIAA-CREF

Service code 28 · EIN 13-1624203

Investment Management

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO FUNDS TRUST

Service code 28 · EIN 41-0449260

Investment Management

BIXBY ELECTRIC, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BIXBY ELECTRIC, INC. RETIREMENT SAVINGS 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