Retirement plan

COLLUM'S ADMINISTRATION & MAINTENANCE COMPANY, LLC 401(K) PROFIT SHARING PLAN

Name: COLLUM'S ADMINISTRATION AND MAINTENANCE COMPANY, LLC - COLLUM'S ADMINISTRATION & MAINTENANCE COMPANY, LLC 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: COLLUM'S ADMINISTRATION AND MAINTENANCE COMPANY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COLLUM'S ADMINISTRATION & MAINTENANCE COMPANY, LLC 401(K) PROFIT SHARING PLAN, COLLUM'S ADMINISTRATION AND MAINTENANCE COMPANY, LLC

COLLUM'S ADMINISTRATION AND MAINTENANCE COMPANY, LLCEIN 01-0679228Plan #001PY 2023

PO BOX 535 - ALLENDALE, SC 298100535803-584-3451LinkedIn201-500 employeespaper & forest products

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$14.9M

+4.9% from 2022

Total participants

166

-7.3% from 2022

Average account balance

$90,167

+10.6% from 2022

Annual return

-4.10%

-5.15 pp from 2022

Benchmarks

See 536 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort536 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.43M

Not enough data

1 years with asset history on file

Average account balance

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

$109K

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.

169

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.

99.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$965K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+6.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$383

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
SYNOVUS TRUST COMPANY8+ years Filed as: SYNOVUS TRUST COMPANY, NA Service code 15 · EIN 58-2146977	Recordkeeping	$35,529
AMERITAS LIFE INSURANCE CORP1 year Filed as: AMERITAS Service code 12 · EIN 47-0098400	Consulting (pension); Direct payment ...	$16,705
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259	Securities Custodian	$6,391

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$59K

$402 / participant

Contract admin$59K100.0%

% of EOY assets

0.394%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SUGGSJOHNSON, LLC
Auditor EIN: 203911651
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$90,167

$57,752+56.1%

$112,273-19.7%

$71,511+26.1%

Participation rate

99.3%

58.8%+40.5pp

72.4%+26.9pp

67.9%+31.4pp

Annual return

-4.10%

18.25%-22.4pp

30.23%-34.3pp

28.86%-33.0pp

Employer contribution / active EE

$10,320

$1,912+439.7%

$3,431+200.8%

$2,589+298.6%

Participant deferral / active EE

$2,170

$2,860-24.1%

$4,800-54.8%

$4,291-49.4%

Admin fee / account holder

$355

$1,586-77.6%

$7,752-95.4%

$1,588-77.6%

Provider

Service type

Compensation

SYNOVUS TRUST COMPANY8+ years

Filed as: SYNOVUS TRUST COMPANY, NA

Service code 15 · EIN 58-2146977

Recordkeeping

$35,529

AMERITAS LIFE INSURANCE CORP1 year

Filed as: AMERITAS

Service code 12 · EIN 47-0098400

Consulting (pension); Direct payment ...

$16,705

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 82-3967259

Securities Custodian

$6,391

COLLUM'S ADMINISTRATION & MAINTENANCE COMPANY, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COLLUM'S ADMINISTRATION & MAINTENANCE COMPANY, LLC 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