Retirement plan

JACKSON LUMBER & MILLWORK CO, INC. 401K PLAN

Name: JACKSON LUMBER & MILLWORK COMPANY, INC. - JACKSON LUMBER & MILLWORK CO, INC. 401K PLAN (2020) Form 5500
Creator: JACKSON LUMBER & MILLWORK COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JACKSON LUMBER & MILLWORK CO, INC. 401K PLAN, JACKSON LUMBER & MILLWORK COMPANY, INC.

JACKSON LUMBER & MILLWORK COMPANY, INC.EIN 04-2022453Plan #002PY 2020

P.O. BOX 449 - LAWRENCE, MA 018431616978-689-1068jacksonlumber.comLinkedIn51-200 employeesbuilding materials

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$19M

+20.1% from 2019

Total participants

189

-6.9% from 2019

Average account balance

$115,912

+26.7% from 2019

Annual return

20.03%

-7.87 pp from 2019

Benchmarks

See 2,198 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,198 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.34M

Not enough data

1 years with asset history on file

Average account balance

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

$130K

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.

149

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.

74.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.17M

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

+13.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$101

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 7 by compensation

Provider	Service type	Compensation
NYLINK INSURANCE AGENCY INC6+ years Filed as: NYLINK INSURANCE AGENCY, INC. Service code 53	Insurance Commissions	$28,528
THE ANGELL PENSION GROUP, INC.6+ years Filed as: ANGELL PENSION GROUP Service code 13	Contract Administrator	$12,199
RSM US LLP6+ years Service code 10	Accounting	$12,000
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$3,389
THE ANGELL PENSION GROUP, INC.6+ years Filed as: ANGELL PENSION GROUP, INC Service code 13 · EIN 04-2530412	Contract Administrator	$0
NYLINK INSURANCE AGENCY INC6+ years Service code 53 · EIN 13-3929029	Insurance Commissions	$0
RSM US LLP4 years Filed as: RMS, US LLP Service code 10 · EIN 42-0714325	Accounting	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$6K

$39 / participant

Contract admin$3K52.4%
Other / not subdivided$3K47.6%

% of EOY assets

0.034%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$115,912

$54,573+112.4%

$90,970+27.4%

$73,497+57.7%

Participation rate

84.8%

61.2%+23.6pp

69.0%+15.7pp

70.7%+14.1pp

Annual return

20.03%

16.69%+3.3pp

134.60%-114.6pp

28.51%-8.5pp

Employer contribution / active EE

$1,342

$991+35.4%

$2,122-36.7%

$2,270-40.9%

Participant deferral / active EE

$4,704

$2,517+86.9%

$3,373+39.5%

$3,740+25.8%

Admin fee / account holder

$39

$521-92.4%

$5,961-99.3%

$513-92.3%

Provider

Service type

Compensation

NYLINK INSURANCE AGENCY INC6+ years

Filed as: NYLINK INSURANCE AGENCY, INC.

Service code 53

Insurance Commissions

$28,528

THE ANGELL PENSION GROUP, INC.6+ years

Filed as: ANGELL PENSION GROUP

Service code 13

Contract Administrator

$12,199

RSM US LLP6+ years

Service code 10

Accounting

$12,000

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$3,389

THE ANGELL PENSION GROUP, INC.6+ years

Filed as: ANGELL PENSION GROUP, INC

Service code 13 · EIN 04-2530412

Contract Administrator

NYLINK INSURANCE AGENCY INC6+ years

Service code 53 · EIN 13-3929029

Insurance Commissions

RSM US LLP4 years

Filed as: RMS, US LLP

Service code 10 · EIN 42-0714325

Accounting

JACKSON LUMBER & MILLWORK CO, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JACKSON LUMBER & MILLWORK CO, INC. 401K 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