Retirement plan

BORSTEIN ENTERPRISES 401(K) PLAN

Name: BORSTEIN ENTERPRISES, A CALIFORNIA CORP. - BORSTEIN ENTERPRISES 401(K) PLAN (2020) Form 5500
Creator: BORSTEIN ENTERPRISES, A CALIFORNIA CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BORSTEIN ENTERPRISES 401(K) PLAN, BORSTEIN ENTERPRISES, A CALIFORNIA CORP.

BORSTEIN ENTERPRISES, A CALIFORNIA CORP.EIN 95-3506912Plan #002PY 2020

11766 WILSHIRE BLVD, SUITE 820 - LOS ANGELES, CA 90025949-463-0456borsteinenterprises.comLinkedIn1-10 employeesreal estate

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$372K

+34.2% from 2019

Total participants

-10.0% from 2019

Average account balance

$53,075

+34.2% from 2019

Annual return

19.54%

-35.34 pp from 2019

Benchmarks

See 16,000 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants<25

Cohort16,000 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.06M

Not enough data

1 years with asset history on file

Average account balance

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

$152K

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.

58.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$154K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+16.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$144

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 codes2E3D2G2J2F2T

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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$81K

$8994 / participant

Other / not subdivided$81K100.0%

% of EOY assets

21.787%

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

$53,075

$228,395-76.8%

$185,861-71.4%

$158,982-66.6%

Participation rate

77.8%

82.3%-4.5pp

78.0%-0.3pp

82.0%-4.2pp

Annual return

19.54%

40.82%-21.3pp

35.96%-16.4pp

302.99%-283.5pp

Employer contribution / active EE

$88

$4,968-98.2%

$4,088-97.8%

$4,763-98.1%

Participant deferral / active EE

$13,414

$6,417+109.0%

$5,634+138.1%

$5,983+124.2%

Admin fee / account holder

$11,563

$11,869-2.6%

$9,503+21.7%

$11,252+2.8%

BORSTEIN ENTERPRISES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BORSTEIN ENTERPRISES 401(K) 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