Retirement plan

JACKSON LUMBER & MILLWORK CO, INC. 401K PLAN

Name: JACKSON LUMBER & MILLWORK COMPANY, INC. - JACKSON LUMBER & MILLWORK CO, INC. 401K PLAN (2022) 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 2022

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

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$15.4M

-25.8% from 2021

Total participants

194

+2.1% from 2021

Average account balance

$99,092

-24.9% from 2021

Annual return

-19.25%

-30.31 pp from 2021

Benchmarks

See 2,204 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,204 peers

Snapshot2022

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
NYLINK INSURANCE AGENCY INC8+ years Filed as: NYLINK INSURANCE AGENCY, INC. Service code 53	Insurance Commissions	$27,630
RSM US LLP6 years Filed as: RMS, US LLP Service code 10 · EIN 42-0714325	Accounting	$15,000
THE ANGELL PENSION GROUP, INC.8+ years Filed as: ANGELL PENSION GROUP Service code 13	Contract Administrator	$14,440
THE ANGELL PENSION GROUP, INC.8+ years Filed as: ANGELL PENSION GROUP, INC Service code 13 · EIN 04-2530412	Contract Administrator	$100
NYLINK INSURANCE AGENCY INC8+ years Service code 53 · EIN 13-3929029	Insurance Commissions	$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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$29K

$178 / participant

Contract admin$29K100.0%

% of EOY assets

0.190%

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: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$99,092

$49,471+100.3%

$79,583+24.5%

$66,949+48.0%

Participation rate

76.2%

61.4%+14.9pp

69.5%+6.7pp

69.8%+6.4pp

Annual return

-19.25%

84.30%-103.5pp

0.16%-19.4pp

1.57%-20.8pp

Employer contribution / active EE

$1,174

$1,266-7.2%

$2,414-51.3%

$2,545-53.9%

Participant deferral / active EE

$4,799

$3,160+51.9%

$3,986+20.4%

$4,239+13.2%

Admin fee / account holder

$188

$595-68.4%

$6,835-97.2%

$594-68.3%

Provider

Service type

Compensation

NYLINK INSURANCE AGENCY INC8+ years

Filed as: NYLINK INSURANCE AGENCY, INC.

Service code 53

Insurance Commissions

$27,630

RSM US LLP6 years

Filed as: RMS, US LLP

Service code 10 · EIN 42-0714325

Accounting

$15,000

THE ANGELL PENSION GROUP, INC.8+ years

Filed as: ANGELL PENSION GROUP

Service code 13

Contract Administrator

$14,440

THE ANGELL PENSION GROUP, INC.8+ years

Filed as: ANGELL PENSION GROUP, INC

Service code 13 · EIN 04-2530412

Contract Administrator

$100

NYLINK INSURANCE AGENCY INC8+ years

Service code 53 · EIN 13-3929029

Insurance Commissions

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