Retirement plan

BOWMAN PLATING COMPANY, INC. PROFIT SHARING PLAN

Name: BOWMAN PLATING COMPANY, INC. - BOWMAN PLATING COMPANY, INC. PROFIT SHARING PLAN (2018) Form 5500
Creator: BOWMAN PLATING COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOWMAN PLATING COMPANY, INC. PROFIT SHARING PLAN, BOWMAN PLATING COMPANY, INC.

BOWMAN PLATING COMPANY, INC.EIN 95-3504919Plan #001PY 2018

2631 126TH STREET - COMPTON, CA 90222310-639-4343bowmanplating.comLinkedIn11-50 employeesaviation & aerospace

Prospect flagsLow assets / participantLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$5.3M

-8.5% from 2017

Total participants

253

-19.2% from 2017

Average account balance

$20,828

-1.3% from 2017

Annual return

-4.87%

-21.10 pp from 2017

Benchmarks

See 4,210 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,210 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.44M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

254

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.

97.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$650K

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

+21.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$269

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 2 by compensation

Provider	Service type	Compensation
QBI, LLC3+ years Service code 13 21021 VENTURA BLVD., SUITE 100 · WOODLAND HILLS, CA 93065	Contract Administrator	$0
UBS FINANCIAL SERVICES INC3+ years Filed as: UBS Service code 52 131 SOUTH RODEO DRIVE, SUITE 300 · BEVERLY HILLS, CA 90212	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2A2E3D

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.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$27K

$167 / participant

Investment mgmt$26K94.0%
Other / not subdivided$2K6.0%

% of EOY assets

0.518%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Qualified opinion

Opinion is qualified - a specific issue limited the scope or accuracy of the audit.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,828

$59,186-64.8%

$76,768-72.9%

$56,287-63.0%

Participation rate

100.0%

75.2%+24.8pp

77.0%+23.0pp

69.9%+30.1pp

Annual return

-4.87%

6.62%-11.5pp

2.43%-7.3pp

-9.96%+5.1pp

Employer contribution / active EE

$3,067

$1,759+74.4%

$2,485+23.4%

$2,111+45.3%

Participant deferral / active EE

$3,255-100.0%

$3,852-100.0%

$3,350-100.0%

Admin fee / account holder

$108

$489-78.0%

$6,675-98.4%

$521-79.3%

Provider

Service type

Compensation

QBI, LLC3+ years

Service code 13

21021 VENTURA BLVD., SUITE 100 · WOODLAND HILLS, CA 93065

Contract Administrator

UBS FINANCIAL SERVICES INC3+ years

Filed as: UBS

Service code 52

131 SOUTH RODEO DRIVE, SUITE 300 · BEVERLY HILLS, CA 90212

Indirect Investment Fees

BOWMAN PLATING COMPANY, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOWMAN PLATING COMPANY, INC. 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