Retirement plan

BOLY/WELCH, INC. PROFIT SHARING PLAN AND TRUST

Name: BOLY/WELCH, INC. - BOLY/WELCH, INC. PROFIT SHARING PLAN AND TRUST (2021) Form 5500
Creator: BOLY/WELCH, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOLY/WELCH, INC. PROFIT SHARING PLAN AND TRUST, BOLY/WELCH, INC.

BOLY/WELCH, INC.EIN 93-1015755Plan #002PY 2021

920 SW 6TH AVE, STE. 100 - PORTLAND, OR 97204503-242-1300bolywelch.comLinkedIn11-50 employeesstaffing and recruiting

Prospect flagsLow returnsHigh feesRecently reached 100 employeesFailed to transmit contributions

How to read this page

Total assets (EOY)

$9.3M

+16.2% from 2020

Total participants

122

+8.0% from 2020

Average account balance

$79,531

-22.5% from 2020

Annual return

11.55%

-1.18 pp from 2020

Benchmarks

See 4,518 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants25-99

Cohort4,518 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.57M

Not enough data

1 years with asset history on file

Average account balance

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

$110K

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.

105

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.

53.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$556K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+15.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7783

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

Top 2 by compensation

Provider	Service type	Compensation
DESCHUTES INVESTMENT CONSULTING1 year Filed as: DESCHUTES PORTFOLIO STRATEGY LLC Service code 10 · EIN 27-5035231	Accounting	$33,669
STANCORP FINANCIAL GROUP1 year Service code 12 · EIN 93-1253576	Custodial (securities); Recordkeeping...	$25,712

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

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$59K

$1212 / participant

Contract admin$59K100.0%

% of EOY assets

0.638%

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: KBF CPAS LLP
Auditor EIN: 821030164
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$79,531

$56,134+41.7%

$96,171-17.3%

$85,847-7.4%

Participation rate

89.8%

56.7%+33.1pp

68.4%+21.4pp

69.3%+20.5pp

Annual return

11.55%

42.30%-30.8pp

192.04%-180.5pp

318.61%-307.1pp

Employer contribution / active EE

$3,478

$1,620+114.7%

$2,799+24.3%

$2,565+35.6%

Participant deferral / active EE

$5,651

$2,858+97.8%

$4,350+29.9%

$3,952+43.0%

Admin fee / account holder

$508

$3,769-86.5%

$5,538-90.8%

$6,261-91.9%

Provider

Service type

Compensation

DESCHUTES INVESTMENT CONSULTING1 year

Filed as: DESCHUTES PORTFOLIO STRATEGY LLC

Service code 10 · EIN 27-5035231

Accounting

$33,669

STANCORP FINANCIAL GROUP1 year

Service code 12 · EIN 93-1253576

Custodial (securities); Recordkeeping...

$25,712

BOLY/WELCH, INC. PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOLY/WELCH, INC. 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