Retirement plan

ROBERT BAKER COMPANIES 401(K) PLAN

Name: NORTHERN NURSERIES INC. - ROBERT BAKER COMPANIES 401(K) PLAN (2020) Form 5500
Creator: NORTHERN NURSERIES INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROBERT BAKER COMPANIES 401(K) PLAN, NORTHERN NURSERIES INC.

NORTHERN NURSERIES INC.EIN 06-0969963Plan #001PY 2020

546 HALFWAY HOUSE RD - WINDSOR LOCKS, CT 06096860-623-9697LinkedIn51-200 employeesautomotive

Prospect flagsLow returnsLow employer contributionLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$10.7M

No prior year

Total participants

235

No prior year

Average account balance

$47,184

No prior year

Annual return

10.64%

No prior year

Benchmarks

See 495 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort495 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.00M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

179

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.

71.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$696K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+9.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$107

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

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Service providers

Top 10 of 12 by compensation

Provider	Service type	Compensation
COMMONWEALTH FINANCIAL NETWORK1+ years Service code 27 · EIN 04-2675571	Advisory (Plan)	$13,823
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$1,256
AMERICAN CENTURY1+ years Service code 52 · EIN 43-1646043	Indirect Investment Fees	$0
AMERICAN FUNDS1+ years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
FRANKLIN TEMPLETON1+ years Filed as: FRANKLINTEMPLETON Service code 52 · EIN 59-6865210	Indirect Investment Fees	$0
INVESCO1+ years Service code 52 · EIN 13-3955887	Indirect Investment Fees	$0
JANUS HENDERSON1+ years Service code 52 · EIN 84-0592523	Indirect Investment Fees	$0
JOHN HANCOCK LIFE INSURANCE COMPANY1+ years Filed as: JOHN HANCOCK Service code 52 · EIN 04-2528977	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT1+ years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
NATIXIS FUNDS1+ years Service code 52 · EIN 52-2257782	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D3H2T

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.
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

4 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$15K

$74 / participant

Investment mgmt$14K91.7%
Contract admin$1K8.3%

% of EOY assets

0.141%

all-in expense ratio

Categories reported

2 / 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: RENZI BERNARDI & SUAREZ
Auditor EIN: 223191317
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,184

$59,328-20.5%

$118,946-60.3%

$73,493-35.8%

Participation rate

96.1%

62.3%+33.8pp

75.4%+20.7pp

70.7%+25.4pp

Annual return

10.64%

19.13%-8.5pp

35.89%-25.2pp

28.51%-17.9pp

Employer contribution / active EE

$378

$1,803-79.0%

$3,263-88.4%

$2,270-83.3%

Participant deferral / active EE

$2,018

$2,604-22.5%

$4,266-52.7%

$3,740-46.0%

Admin fee / account holder

$66

$600-88.9%

$6,581-99.0%

$513-87.1%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK1+ years

Service code 27 · EIN 04-2675571

Advisory (Plan)

$13,823

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$1,256

AMERICAN CENTURY1+ years

Service code 52 · EIN 43-1646043

Indirect Investment Fees

AMERICAN FUNDS1+ years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

FRANKLIN TEMPLETON1+ years

Filed as: FRANKLINTEMPLETON

Service code 52 · EIN 59-6865210

Indirect Investment Fees

INVESCO1+ years

Service code 52 · EIN 13-3955887

Indirect Investment Fees

JANUS HENDERSON1+ years

Service code 52 · EIN 84-0592523

Indirect Investment Fees

JOHN HANCOCK LIFE INSURANCE COMPANY1+ years

Filed as: JOHN HANCOCK

Service code 52 · EIN 04-2528977

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT1+ years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

NATIXIS FUNDS1+ years

Service code 52 · EIN 52-2257782

Indirect Investment Fees

ROBERT BAKER COMPANIES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROBERT BAKER COMPANIES 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