Retirement plan

BERGELECTRIC CORP EMPLOYEES PENSION & 401K PLAN

Name: BERGELECTRIC CORP - BERGELECTRIC CORP EMPLOYEES PENSION & 401K PLAN (2017) Form 5500
Creator: BERGELECTRIC CORP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BERGELECTRIC CORP EMPLOYEES PENSION & 401K PLAN, BERGELECTRIC CORP

BERGELECTRIC CORPEIN 95-1459684Plan #002PY 2017

650 OPPER STREET - ESCONDIDO, CA 92029761-746-1003bergelectric.comLinkedIn1001-5000 employeesconstruction

Other plans on this EIN

1 filing

#003Retirement-$82.7M assets

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$86.3M

-3.7% from 2016

Total participants

2,642

+4.1% from 2016

Average account balance

$33,430

-1.2% from 2016

Annual return

13.74%

-8.04 pp from 2016

Benchmarks

See 390 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort390 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$168.68M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

3,347

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.

97.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$18.96M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$138

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
CHARLES SCHWAB & CO., INC.3+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$297,474
MOSS LEVY AND HARTZHEIM LLP3+ years Service code 10 · EIN 75-3194011	Accounting	$9,350
CHARLES SCHWAB & CO., INC.3+ years Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2D2E2F2G2J2S2T3D

Plan features

2D
Offset plan
Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$307K

$143 / participant

Other / not subdivided$307K100.0%

% of EOY assets

0.355%

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: MOSS, LEVY & HARTZHEIM, LLP
Auditor EIN: 753194011
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,430

$221,442-84.9%

$92,240-63.8%

$77,958-57.1%

Participation rate

97.2%

79.6%+17.5pp

76.5%+20.7pp

71.6%+25.5pp

Annual return

13.74%

15.65%-1.9pp

176.29%-162.6pp

20.87%-7.1pp

Employer contribution / active EE

$1,236

$3,226-61.7%

$3,680-66.4%

$2,310-46.5%

Participant deferral / active EE

$3,977

$2,779+43.1%

$3,897+2.1%

$3,537+12.5%

Admin fee / account holder

$119

$210-43.3%

$5,194-97.7%

$97+22.0%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.3+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$297,474

MOSS LEVY AND HARTZHEIM LLP3+ years

Service code 10 · EIN 75-3194011

Accounting

$9,350

CHARLES SCHWAB & CO., INC.3+ years

Service code 59

Shareholder Servicing

BERGELECTRIC CORP EMPLOYEES PENSION & 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BERGELECTRIC CORP EMPLOYEES PENSION & 401K 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