Retirement plan

CONCORD BUILDING AND DESIGN CENTER 401(K) PLAN

Name: CONCORD LUMBER CORPORATION - CONCORD BUILDING AND DESIGN CENTER 401(K) PLAN (2024) Form 5500
Creator: CONCORD LUMBER CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONCORD BUILDING AND DESIGN CENTER 401(K) PLAN, CONCORD LUMBER CORPORATION

CONCORD LUMBER CORPORATIONEIN 04-2482120Plan #002PY 2024

55 WHITE STREET - LITTLETON, MA 01460978-486-9877concordmobilrepair.comLinkedIn1-10 employeesindividual & family services

Other plans on this EIN

1 filing

#003Retirement-$7.0M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$7.5M

+32.1% from 2023

Total participants

143

-14.9% from 2023

Average account balance

$52,429

+27.5% from 2023

Annual return

5.90%

+16.10 pp from 2023

Benchmarks

See 2,309 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,309 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.50M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

143

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$343K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+5.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$20

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 2 by compensation

Provider	Service type	Compensation
CAMBRIDGE INVESTMENT RESEARCH1 year Filed as: CAMBRIDGE INVESTMENT RESEARCH INC Service code 99 · EIN 42-1445429	Other Fees	$13,501
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 64 · EIN 71-0294708	Recordkeeping Fees	$2,900

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$3K

$27 / participant

Contract admin$3K87.9%
Other / not subdivided$35012.1%

% of EOY assets

0.039%

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: KAHN, LITWIN, RENZA & CO., LTD.
Auditor EIN: 050409384
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,429

$59,467-11.8%

$93,727-44.1%

$74,478-29.6%

Participation rate

100.0%

59.6%+40.4pp

68.7%+31.3pp

67.2%+32.8pp

Annual return

5.90%

82.14%-76.2pp

133.83%-127.9pp

1370.56%-1364.7pp

Employer contribution / active EE

$1,267-100.0%

$2,421-100.0%

$2,626-100.0%

Participant deferral / active EE

$3,149

$3,052+3.2%

$4,417-28.7%

$4,350-27.6%

Admin fee / account holder

$20

$3,028-99.3%

$8,292-99.8%

$1,946-99.0%

Provider

Service type

Compensation

CAMBRIDGE INVESTMENT RESEARCH1 year

Filed as: CAMBRIDGE INVESTMENT RESEARCH INC

Service code 99 · EIN 42-1445429

Other Fees

$13,501

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT INSURANCE AND ANNUI

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$2,900

CONCORD BUILDING AND DESIGN CENTER 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONCORD BUILDING AND DESIGN CENTER 401(K) 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