Retirement plan

BOTELLO LUMBER CO. , INC. 401K PROFIT SHARING PLAN

Name: BOTELLO LUMBER CO. , INC. - BOTELLO LUMBER CO. , INC. 401K PROFIT SHARING PLAN (2023) Form 5500
Creator: BOTELLO LUMBER CO. , INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOTELLO LUMBER CO. , INC. 401K PROFIT SHARING PLAN, BOTELLO LUMBER CO. , INC.

BOTELLO LUMBER CO. , INC.EIN 04-2690093Plan #002PY 2023

26 BOWDOIN RD - MASHPEE, MA 02649800-834-3132botellolumber.comLinkedIn51-200 employeesbuilding materials

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$3.1M

+6.5% from 2022

Total participants

-8.7% from 2022

Average account balance

$53,767

+29.0% from 2022

Annual return

16.71%

+33.54 pp from 2022

Benchmarks

See 9,480 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,480 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.02M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

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.

70.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$185K

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

+14.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2507

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

0 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 codes2E2F2G2J3D

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$464K

$6529 / participant

Other / not subdivided$464K100.0%

% of EOY assets

15.126%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,767

$65,555-18.0%

$86,216-37.6%

$75,173-28.5%

Participation rate

47.9%

60.5%-12.6pp

69.0%-21.1pp

67.2%-19.3pp

Annual return

16.71%

46.07%-29.4pp

1169.42%-1152.7pp

160.72%-144.0pp

Employer contribution / active EE

$551

$1,553-64.5%

$2,382-76.9%

$2,671-79.4%

Participant deferral / active EE

$1,844

$3,023-39.0%

$3,986-53.7%

$4,126-55.3%

Admin fee / account holder

$8,133

$5,469+48.7%

$6,853+18.7%

$5,651+43.9%

BOTELLO LUMBER CO. , INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOTELLO LUMBER CO. , INC. 401K 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