Retirement plan

BERCO REDWOOD, INC. 401(K) PROFIT SHARING PLAN

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

BERCO REDWOOD, INC. 401(K) PROFIT SHARING PLANEIN 94-2815875Plan #001PY 2020

860 RIVERSIDE AVENUE - ROSEVILLE, CA 95678916-483-2001LinkedIn51-200 employeesbuilding materials

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.7M

+40.1% from 2019

Total participants

+4.8% from 2019

Average account balance

$24,779

+36.0% from 2019

Annual return

20.12%

-0.17 pp from 2019

Benchmarks

See 9,300 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,300 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.06M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

108

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.

73.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$697K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1096

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 codes2E2F2J3D

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).
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

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

$82K

$1140 / participant

Other / not subdivided$82K100.0%

% of EOY assets

4.945%

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

$24,779

$65,034-61.9%

$90,970-72.8%

$79,856-69.0%

Participation rate

72.2%

61.6%+10.6pp

69.0%+3.2pp

69.6%+2.6pp

Annual return

20.12%

30.45%-10.3pp

134.60%-114.5pp

31.71%-11.6pp

Employer contribution / active EE

$1,890

$1,247+51.5%

$2,122-10.9%

$2,471-23.5%

Participant deferral / active EE

$2,538

$2,512+1.0%

$3,373-24.7%

$3,741-32.1%

Admin fee / account holder

$1,225

$4,536-73.0%

$5,961-79.4%

$5,306-76.9%

BERCO REDWOOD, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BERCO REDWOOD, 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