Overview

Plan Rating

BrightScope Rating
57
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (12)
Average in Peer Group (65)
Highest in Peer Group (83)

Plan Description

Bay & Bay Retirement Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 57. This plan is in the top 35% of plans for Salary Deferral. Bay & Bay Retirement Plan currently has over 300 active participants and over $6.6M in plan assets.

Did you know?

For the average 401k participant, the 26 point difference between this plan's BrightScope Rating (57) and the top rated plan (83) could equate to:
11
Additional years of work
206,769
Lost Savings
*The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2018
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 2905 West Service Road, Suite 2000
  • Location
    Eagan , MN
  • 55121
  • Industry
    Other Services (except Public Administration)
  • Administrator
    Michael Westland
  • Net Plan Assets
    $6,600,000
  • Total Participants
    310
  • Avg Account Balance
    $38,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Highest
Company Generosity:
Poor

Performance

Participation Rate:
Poor
Salary Deferrals:
Above Average
Account Balance:
Average

Design

Total Plan Cost:
High Fees
Company Generosity:
Below Avg.

Performance

Participation Rate:
Below Avg.
Salary Deferrals:
Above Average
Account Balance:
Average

Peer Group Plans

Company Rating
Autobell Car Wash 64.0
Hoffman Car Wash 62.8
Crew Carwash 61.8
Auto Systems Experts 60.5
S. Camerota and Sons 60.3
Lube Management 55.7

Top Industry Articles

Investments

Investment Menu Stats

# of Investment Options

28

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
E-Valuator Growth RMS 25%
N/A
E-Valuator Moderate RMS 18%
N/A
E-Valuator Aggressive Growth RMS 7%
N/A
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Recordkeeper
Fringe Benefits Design, Inc.
Consultant
Fringe Benefits Design, Inc.
Auditor
Lawrence Cumpston & Associates PLLP

Articles and Questions

Boeing Plan Report (Updated)

Boeing Fee Settlement Highlights the High Bar for Large Plans

Boeing Offers a Near Perfect Retirement Plan ModelIn most respects Boeing’s retirement offering is a great model of how to run a large retirement plan. Participants in Boeing’s 401(k) plan are beneficiaries of a participant-friendly design with immediate access, automatic enrollment, immediate ves

Why Do Investment Expenses Matter?
Have a question about retirement plans?
Our community of registered financial advisors are standing by to share their experience.
Ask a question