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 (2019) 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 2019

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$39.2M

+19.0% from 2018

Total participants

823

+6.7% from 2018

Average account balance

$50,846

+13.3% from 2018

Annual return

18.47%

+24.55 pp from 2018

Benchmarks

See 1,258 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,258 peers

Snapshot2019

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 3 by compensation

Provider	Service type	Compensation
PROFESSIONAL CAPITAL SERVICES, LLC2 years Service code 13 1801 MARKET STREET, SUITE 1000 · PHILADELPHA, PA 19103	Contract Administrator	$80,155
CUTLER INVESTMENT COUNSEL, LLC5+ years Filed as: CUTLER INVESTMENT GROUP Service code 28 525 BIGHAM KNOLL · JACKSONVILLE, OR 97530	Investment Management	$70,968
ADVISORTRUST1 year Filed as: ADVISORTRUST, INC Service code 27 212 SOUTH MAIN AVE,SUITE 123 · SIOUX FALLS, SD 57104	Advisory (Plan)	$36,562

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$186K

$349 / participant

Investment mgmt$71K38.2%
Contract admin$115K61.7%
Other / not subdivided$1550.1%

% of EOY assets

0.474%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,846

$66,601-23.7%

$92,909-45.3%

$67,579-24.8%

Participation rate

90.2%

72.5%+17.7pp

76.0%+14.2pp

71.3%+18.9pp

Annual return

18.47%

92.58%-74.1pp

109.44%-91.0pp

378.56%-360.1pp

Employer contribution / active EE

$3,734

$2,775+34.5%

$3,653+2.2%

$2,148+73.8%

Participant deferral / active EE

$2,687

$3,157-14.9%

$4,238-36.6%

$3,539-24.1%

Admin fee / account holder

$241

$199+21.2%

$5,795-95.8%

$142+69.4%

Provider

Service type

Compensation

PROFESSIONAL CAPITAL SERVICES, LLC2 years

Service code 13

1801 MARKET STREET, SUITE 1000 · PHILADELPHA, PA 19103

Contract Administrator

$80,155

CUTLER INVESTMENT COUNSEL, LLC5+ years

Filed as: CUTLER INVESTMENT GROUP

Service code 28

525 BIGHAM KNOLL · JACKSONVILLE, OR 97530

Investment Management

$70,968

ADVISORTRUST1 year

Filed as: ADVISORTRUST, INC

Service code 27

212 SOUTH MAIN AVE,SUITE 123 · SIOUX FALLS, SD 57104

Advisory (Plan)

$36,562

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