Retirement plan

SAMSON INVESTMENT HOLDING CO. RETIREMENT SAVINGS PLAN & TRUST

Name: SAMSON INVESTMENT HOLDING CO. - SAMSON INVESTMENT HOLDING CO. RETIREMENT SAVINGS PLAN & TRUST (2023) Form 5500
Creator: SAMSON INVESTMENT HOLDING CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAMSON INVESTMENT HOLDING CO. RETIREMENT SAVINGS PLAN & TRUST, SAMSON INVESTMENT HOLDING CO.

SAMSON INVESTMENT HOLDING CO.EIN 20-0034952Plan #001PY 2023

2575 PENNY ROAD - HIGH POINT, NC 27265336-822-8898LinkedIn501-1000 employeesfurniture

Prospect flagsLow participationLow employer contributionLow participant contributionFailed to transmit contributions

Top hat statement on fileNQDC

Filed May 6, 2012

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$35.5M

+17.7% from 2022

Total participants

1,237

-20.2% from 2022

Average account balance

$52,489

+28.7% from 2022

Annual return

19.71%

+35.94 pp from 2022

Benchmarks

See 809 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort809 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$40.57M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

679

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.

50.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.10M

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

+12.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$109

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 6 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290	Contract Administrator	$61,474
LPL FINANCIAL3+ years Service code 27 · EIN 20-4595928	Advisory (Plan)	$24,470
MMA SECURITIES LLC1 year Filed as: MMA SECURITIES, LLC Service code 15 · EIN 22-3570392	Recordkeeping	$21,487
ADP BROKER-DEALER1 year Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$8,820
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESMTNE MANAGEMENT Service code 26 · EIN 36-4317381	Advisory (Participants)	$0
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant 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

$91K

$81 / participant

Recordkeeping$91K100.0%

% of EOY assets

0.255%

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: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,489

$104,544-49.8%

$96,544-45.6%

$80,169-34.5%

Participation rate

50.2%

86.4%-36.1pp

76.0%-25.8pp

72.9%-22.7pp

Annual return

19.71%

21.79%-2.1pp

25.88%-6.2pp

40.39%-20.7pp

Employer contribution / active EE

$1,181

$3,527-66.5%

$2,966-60.2%

$2,978-60.4%

Participant deferral / active EE

$2,410

$6,170-60.9%

$4,851-50.3%

$5,016-52.0%

Admin fee / account holder

$134

$107+25.2%

$8,254-98.4%

$145-7.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$61,474

LPL FINANCIAL3+ years

Service code 27 · EIN 20-4595928

Advisory (Plan)

$24,470

MMA SECURITIES LLC1 year

Filed as: MMA SECURITIES, LLC

Service code 15 · EIN 22-3570392

Recordkeeping

$21,487

ADP BROKER-DEALER1 year

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$8,820

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESMTNE MANAGEMENT

Service code 26 · EIN 36-4317381

Advisory (Participants)

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26

Advisory (Participants)

SAMSON INVESTMENT HOLDING CO. RETIREMENT SAVINGS PLAN & TRUST

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAMSON INVESTMENT HOLDING CO. RETIREMENT SAVINGS PLAN & TRUST

Top hat statement on fileNQDC

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