Retirement plan

BERKELEY BOWL PRODUCE INC 401K PROFIT SHARING PLAN

Name: BERKELEY BOWL PRODUCE INC - BERKELEY BOWL PRODUCE INC 401K PROFIT SHARING PLAN (2020) Form 5500
Creator: BERKELEY BOWL PRODUCE INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BERKELEY BOWL PRODUCE INC 401K PROFIT SHARING PLAN, BERKELEY BOWL PRODUCE INC

BERKELEY BOWL PRODUCE INCEIN 94-2803364Plan #002PY 2020

920 HEINZ AVENUE - BERKELEY, CA 947100000510-843-6929berkeleybowl.comLinkedIn501-1000 employeesretail

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$27M

+12.8% from 2019

Total participants

698

-9.5% from 2019

Average account balance

$41,499

+12.3% from 2019

Annual return

8.31%

-10.49 pp from 2019

Benchmarks

See 1,285 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,285 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$37.36M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

707

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.

78.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.40M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+8.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$209

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 1 by compensation

Provider	Service type	Compensation
ASSOCIATED PENSION CONSULTANTS1 year Service code 15 · EIN 94-2456320 PO BOX 1282 · CHICO, CA 95927	Recordkeeping	$5,180

Plan features & details

Pension benefit codes2A2E2G2J3D

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.
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.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$115K

$207 / participant

Other / not subdivided$115K100.0%

% of EOY assets

0.424%

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: OBFM ACCOUNTANTS INC
Auditor EIN: 942339481
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,499

$64,286-35.4%

$90,970-54.4%

$73,412-43.5%

Participation rate

91.5%

63.6%+27.9pp

69.0%+22.5pp

72.2%+19.3pp

Annual return

8.31%

21.46%-13.2pp

134.58%-126.3pp

59.30%-51.0pp

Employer contribution / active EE

$2,863

$895+220.1%

$2,122+34.9%

$2,234+28.2%

Participant deferral / active EE

$1,405

$2,453-42.7%

$3,373-58.4%

$3,806-63.1%

Admin fee / account holder

$176

$287-38.7%

$5,960-97.0%

$158+11.5%

Provider

Service type

Compensation

ASSOCIATED PENSION CONSULTANTS1 year

Service code 15 · EIN 94-2456320

PO BOX 1282 · CHICO, CA 95927

Recordkeeping

$5,180

BERKELEY BOWL PRODUCE INC 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BERKELEY BOWL PRODUCE INC 401K 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