Retirement plan

MOYNIHAN LUMBER PROFIT SHARING PLAN

Name: MOYNIHAN-NORTH READING LUMBER, INC. - MOYNIHAN LUMBER PROFIT SHARING PLAN (2016) Form 5500
Creator: MOYNIHAN-NORTH READING LUMBER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MOYNIHAN LUMBER PROFIT SHARING PLAN, MOYNIHAN-NORTH READING LUMBER, INC.

MOYNIHAN-NORTH READING LUMBER, INC.EIN 04-2261995Plan #001PY 2016

164 CHESTNUT STREET - NORTH READING, MA 01864781-944-8500LinkedIn51-200 employeesbuilding materials

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$9M

+8.7% from 2015

Total participants

151

+5.6% from 2015

Average account balance

$65,029

+7.9% from 2015

Annual return

7.13%

+9.24 pp from 2015

Benchmarks

See 2,356 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,356 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.61M

Not enough data

1 years with asset history on file

Average account balance

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

$89K

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.

131

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.

81.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$329K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+10.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$880

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

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 codes2E2J2R2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$104K

$771 / participant

Contract admin$104K100.0%

% of EOY assets

1.152%

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: MAZARS USA, LLP
Auditor EIN: 131459550
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,029

$42,546+52.8%

$71,796-9.4%

$55,167+17.9%

Participation rate

91.1%

59.1%+32.0pp

69.1%+22.0pp

69.0%+22.1pp

Annual return

7.13%

12.36%-5.2pp

78.04%-70.9pp

169.23%-162.1pp

Employer contribution / active EE

$3,148

$803+291.9%

$1,924+63.6%

$1,963+60.4%

Participant deferral / active EE

$910

$2,064-55.9%

$2,794-67.4%

$3,054-70.2%

Admin fee / account holder

$749

$650+15.3%

$4,815-84.4%

$504+48.7%

MOYNIHAN LUMBER PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MOYNIHAN LUMBER 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