Retirement plan

WESTERN REGION RETIREMENT TRUST 401(K) AND REGULAR PROFIT SHARING PLAN

Name: BASIC RESOURCES, INC. - WESTERN REGION RETIREMENT TRUST 401(K) AND REGULAR PROFIT SHARING PLAN (2016) Form 5500
Creator: BASIC RESOURCES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTERN REGION RETIREMENT TRUST 401(K) AND REGULAR PROFIT SHARING PLAN, BASIC RESOURCES, INC.

BASIC RESOURCES, INC.EIN 94-2208599Plan #006PY 2016

928 12TH STREET, SUITE 700 - MODESTO, CA 95354209-521-9771LinkedIn501-1000 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$31.5M

+0.2% from 2015

Total participants

617

-3.1% from 2015

Average account balance

$51,999

+4.0% from 2015

Annual return

6.30%

+9.33 pp from 2015

Benchmarks

See 1,079 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,079 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$60.05M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

739

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.69M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+9.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$271

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 4 by compensation

Provider	Service type	Compensation
CUTLER INVESTMENT COUNSEL, LLC2+ years Filed as: CUTLER INVESTMENT GROUP Service code 28 525 BIGHAM KNOLL · JACKSONVILLE, OR 97530	Investment Management	$114,142
PROFESSIONAL CAPITAL SERVICES, LLC2+ years Filed as: PROFESSIONAL CAPITAL SERVICES LLC Service code 13 1500 MARKET STREET · PHILADELPHIA, PA 191022101	Contract Administrator	$65,350
TD AMERITRADE, INC.2+ years Filed as: TD AMERITRADE Service code 21 · EIN 84-0519832	Bank Trustee	$21,708
MARK ANDERSON, CPA2+ years Service code 10 3509 COFFEE ROAD · MODESTO, CA 95355	Accounting	$10,500

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

1 tripped

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

$220K

$417 / participant

Investment mgmt$114K51.9%
Contract admin$87K39.6%
Other / not subdivided$19K8.5%

% of EOY assets

0.699%

all-in expense ratio

Categories reported

2 / 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: MARK ANDERSON, CPA
Auditor EIN: 461376748
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,999

$57,921-10.2%

$84,753-38.6%

$57,658-9.8%

Participation rate

97.7%

72.9%+24.8pp

76.6%+21.1pp

70.2%+27.5pp

Annual return

6.30%

10.24%-3.9pp

22.78%-16.5pp

5.13%+1.2pp

Employer contribution / active EE

$2,558

$2,598-1.5%

$3,574-28.4%

$1,974+29.6%

Participant deferral / active EE

$1,647

$2,742-40.0%

$3,712-55.6%

$3,061-46.2%

Admin fee / account holder

$363

$130+180.3%

$5,333-93.2%

$95+284.5%

Provider

Service type

Compensation

CUTLER INVESTMENT COUNSEL, LLC2+ years

Filed as: CUTLER INVESTMENT GROUP

Service code 28

525 BIGHAM KNOLL · JACKSONVILLE, OR 97530

Investment Management

$114,142

PROFESSIONAL CAPITAL SERVICES, LLC2+ years

Filed as: PROFESSIONAL CAPITAL SERVICES LLC

Service code 13

1500 MARKET STREET · PHILADELPHIA, PA 191022101

Contract Administrator

$65,350

TD AMERITRADE, INC.2+ years

Filed as: TD AMERITRADE

Service code 21 · EIN 84-0519832

Bank Trustee

$21,708

MARK ANDERSON, CPA2+ years

Service code 10

3509 COFFEE ROAD · MODESTO, CA 95355

Accounting

$10,500

WESTERN REGION RETIREMENT TRUST 401(K) AND REGULAR PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTERN REGION RETIREMENT TRUST 401(K) AND REGULAR PROFIT SHARING 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