Retirement plan

BAY CITY BOILER & ENGINEERING COMPANY, INC. 401(K) PROFIT SHARING PLAN

Name: BAY CITY BOILER & ENGINEERING COMPANY, INC. - BAY CITY BOILER & ENGINEERING COMPANY, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: BAY CITY BOILER & ENGINEERING COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BAY CITY BOILER & ENGINEERING COMPANY, INC. 401(K) PROFIT SHARING PLAN, BAY CITY BOILER & ENGINEERING COMPANY, INC.

BAY CITY BOILER & ENGINEERING COMPANY, INC.EIN 94-2350332Plan #001PY 2020

23312 CABOT BOULEVARD - HAYWARD, CA 94545510-786-3711

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.5M

-17.0% from 2019

Total participants

+3.6% from 2019

Average account balance

$105,367

-27.4% from 2019

Annual return

15.69%

-8.33 pp from 2019

Benchmarks

See 42,043 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort42,043 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.94M

Not enough data

1 years with asset history on file

Average account balance

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

$126K

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.

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.

104.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$647K

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

+18.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17133

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

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

$1.5M

$67177 / participant

Other / not subdivided$1M100.0%

% of EOY assets

58.442%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$105,367

$115,796-9.0%

$101,264+4.1%

$158,950-33.7%

Participation rate

77.3%

79.4%-2.1pp

75.8%+1.5pp

82.0%-4.7pp

Annual return

15.69%

56.15%-40.5pp

46.48%-30.8pp

302.91%-287.2pp

Employer contribution / active EE

$10,912

$4,175+161.3%

$3,660+198.1%

$4,762+129.1%

Participant deferral / active EE

$10,928

$4,958+120.4%

$4,370+150.0%

$5,983+82.7%

Admin fee / account holder

$61,579

$7,247+749.7%

$5,947+935.5%

$11,248+447.4%

BAY CITY BOILER & ENGINEERING COMPANY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BAY CITY BOILER & ENGINEERING COMPANY, INC. 401(K) 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