Retirement plan

ARNOLD LUMBER COMPANY 401(K) EMPLOYEE SAVINGS PLAN

Name: ARNOLD LUMBER COMPANY, INC. - ARNOLD LUMBER COMPANY 401(K) EMPLOYEE SAVINGS PLAN (2023) Form 5500
Creator: ARNOLD LUMBER COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ARNOLD LUMBER COMPANY 401(K) EMPLOYEE SAVINGS PLAN, ARNOLD LUMBER COMPANY, INC.

ARNOLD LUMBER COMPANY, INC.EIN 05-0365474Plan #001PY 2023

251 FAIRGROUNDS ROAD, P.O. BOX 217 - WEST KINGSTON, RI 02892401-783-2266arnoldlumber.comLinkedIn201-500 employeesbuilding materials

Prospect flagsHigh feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$12.4M

+11.1% from 2022

Total participants

237

-6.7% from 2022

Average account balance

$76,492

+15.9% from 2022

Annual return

16.54%

+30.84 pp from 2022

Benchmarks

See 2,346 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,346 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.97M

Not enough data

1 years with asset history on file

Average account balance

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

$92K

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.

162

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.

63.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.06M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+16.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$306

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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INS. CO. OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$36,589
LINCOLN NATIONAL CORPORATION9+ years Filed as: LINCOLN FINANCIAL SECURITIES Service code 55 PO BOX 2201 · FORT WAYNE, IN 46801	Other Commissions	$17,020
ARNOLD & KADJAN4 years Filed as: ARNOLD LUMBER CO Service code 25 251 FAIRGROUNDS RD · WEST KINGSTOWN, RI 02892	Directed Trustee	$13,500
LEAFHOUSE FINANCIAL ADVISORS, LLC3 years Service code 99 6504 BRIDGE POINT PKWY, STE 450 · AUSTIN, TX 78730	Other Fees	$5,690

Plan features & details

Pension benefit codes3D2E2F2G2J2K2T3H2R

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.
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.
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

3 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.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$56K

$280 / participant

Recordkeeping$37K65.6%
Investment mgmt$6K10.2%
Other / not subdivided$14K24.2%

% of EOY assets

0.450%

all-in expense ratio

Categories reported

2 / 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: $13,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,492

$83,045-7.9%

$130,045-41.2%

$71,511+7.0%

Participation rate

62.3%

74.1%-11.8pp

78.5%-16.2pp

67.9%-5.6pp

Annual return

16.54%

20.61%-4.1pp

-137.30%+153.8pp

28.86%-12.3pp

Employer contribution / active EE

$807

$2,623-69.2%

$4,321-81.3%

$2,589-68.8%

Participant deferral / active EE

$4,553

$4,436+2.6%

$5,820-21.8%

$4,291+6.1%

Admin fee / account holder

$344

$1,727-80.1%

$10,600-96.8%

$1,588-78.3%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INS. CO. OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$36,589

LINCOLN NATIONAL CORPORATION9+ years

Filed as: LINCOLN FINANCIAL SECURITIES

Service code 55

PO BOX 2201 · FORT WAYNE, IN 46801

Other Commissions

$17,020

ARNOLD & KADJAN4 years

Filed as: ARNOLD LUMBER CO

Service code 25

251 FAIRGROUNDS RD · WEST KINGSTOWN, RI 02892

Directed Trustee

$13,500

LEAFHOUSE FINANCIAL ADVISORS, LLC3 years

Service code 99

6504 BRIDGE POINT PKWY, STE 450 · AUSTIN, TX 78730

Other Fees

$5,690

ARNOLD LUMBER COMPANY 401(K) EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ARNOLD LUMBER COMPANY 401(K) EMPLOYEE SAVINGS 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