Retirement plan

STARK MOUNTAIN WOODWORKING RETIREMENT PLAN

Name: STARK MOUNTAIN WOODWORKING - STARK MOUNTAIN WOODWORKING RETIREMENT PLAN (2021) Form 5500
Creator: STARK MOUNTAIN WOODWORKING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STARK MOUNTAIN WOODWORKING RETIREMENT PLAN, STARK MOUNTAIN WOODWORKING

STARK MOUNTAIN WOODWORKINGEIN 03-0338077Plan #001PY 2021

359 SOUTH ST - NEW HAVEN, VT 054724064802-453-5549

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.3M

+4.2% from 2020

Total participants

+4.8% from 2020

Average account balance

$162,996

+9.4% from 2020

Annual return

14.97%

+0.84 pp from 2020

Benchmarks

See 8,355 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,355 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.22M

Not enough data

1 years with asset history on file

Average account balance

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

$146K

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.

146.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$132K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+11.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$13429

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 codes2E2F2G2J2T3D

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

1 tripped

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

$455K

$32520 / participant

Other / not subdivided$455K100.0%

% of EOY assets

13.966%

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

$162,996

$127,790+27.6%

$106,554+53.0%

$167,553-2.7%

Participation rate

85.7%

78.3%+7.4pp

76.1%+9.6pp

82.1%+3.6pp

Annual return

14.97%

33.88%-18.9pp

26.80%-11.8pp

478.89%-463.9pp

Employer contribution / active EE

$1,802

$3,427-47.4%

$2,819-36.1%

$4,840-62.8%

Participant deferral / active EE

$6,600

$5,088+29.7%

$4,398+50.0%

$6,343+4.1%

Admin fee / account holder

$22,764

$11,231+102.7%

$7,408+207.3%

$12,316+84.8%

STARK MOUNTAIN WOODWORKING RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STARK MOUNTAIN WOODWORKING RETIREMENT 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