Retirement plan

CONCORD BUILDING AND DESIGN CENTER 401(K) PLAN

Name: CONCORD LUMBER CORPORATION - CONCORD BUILDING AND DESIGN CENTER 401(K) PLAN (2023) 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 2023

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

Other plans on this EIN

1 filing

#003Retirement-$8.4M assets

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.7M

-23.4% from 2022

Total participants

168

-15.2% from 2022

Average account balance

$41,112

-25.6% from 2022

Annual return

-10.20%

-18.01 pp from 2022

Benchmarks

See 2,285 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,285 peers

Snapshot2023

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
AMERICAN UNITED LIFE INSURANCE CO7 years Service code 52	Indirect Investment Fees	$6,995
AMERICAN UNITED LIFE INSURANCE CO1 year Filed as: AMERICA UNITED LIFE INSURANCE CO Service code 15 · EIN 35-0145825	Recordkeeping	$88

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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$3K

$19 / participant

Contract admin$883.5%
Other / not subdivided$2K96.5%

% of EOY assets

0.044%

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: SULLIVAN BILLE P.C.
Auditor EIN: 043296201
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,112

$54,717-24.9%

$86,216-52.3%

$71,511-42.5%

Participation rate

77.6%

60.1%+17.5pp

69.0%+8.7pp

67.9%+9.7pp

Annual return

-10.20%

20.07%-30.3pp

1169.42%-1179.6pp

28.86%-39.1pp

Employer contribution / active EE

$1,298

$1,267+2.5%

$2,382-45.5%

$2,589-49.9%

Participant deferral / active EE

$2,044

$3,110-34.3%

$3,986-48.7%

$4,291-52.4%

Admin fee / account holder

$18

$1,922-99.1%

$6,853-99.7%

$1,588-98.9%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO7 years

Service code 52

Indirect Investment Fees

$6,995

AMERICAN UNITED LIFE INSURANCE CO1 year

Filed as: AMERICA UNITED LIFE INSURANCE CO

Service code 15 · EIN 35-0145825

Recordkeeping

$88

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