Retirement plan

SUN MOUNTAIN LUMBER COMPANY 401(K) PLAN AND TRUST

Name: SUN MOUNTAIN LUMBER COMPANY - SUN MOUNTAIN LUMBER COMPANY 401(K) PLAN AND TRUST (2020) Form 5500
Creator: SUN MOUNTAIN LUMBER COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUN MOUNTAIN LUMBER COMPANY 401(K) PLAN AND TRUST, SUN MOUNTAIN LUMBER COMPANY

SUN MOUNTAIN LUMBER COMPANYEIN 20-0080113Plan #001PY 2020

181 GREENHOUSE ROAD - DEER LODGE, MT 59722406-846-1600sunmtnlumber.comLinkedIn51-200 employeespaper & forest products

Prospect flagsHigh feesLow participationLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.1M

+12.3% from 2019

Total participants

167

-1.2% from 2019

Average account balance

$50,612

+11.2% from 2019

Annual return

11.54%

-6.69 pp from 2019

Benchmarks

See 1,894 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,894 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.13M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

165

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.

68.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$994K

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

+13.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$79

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 5 by compensation

Provider	Service type	Compensation
NATIONWIDE6+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$26,533
DEFINITI LLC1 year Filed as: DEFINITI, LLC Service code 14 · EIN 42-1330861 2201 TIMBERLOCH PLAZA, SUITE 150 · THE WOODLANDS, TX 77380	Plan Administrator	$2,227
LEAFHOUSE FINANCIAL ADVISORS, LLC1 year Service code 27 · EIN 26-4311657 6504 BRIDGEPOINT PKWY, SUITE 450 · AUSTIN, TX 78730	Advisory (Plan)	$2,227
LPL FINANCIAL1 year Filed as: KMS FINANCIAL SERVICES, INC. Service code 27 2001 SIXTH AVE, SUITE 2801 · SEATTLE, WA 98121	Advisory (Plan)	$0
SECURITIES AMERICA INC1 year Filed as: SECURITIES AMERICA, INC. Service code 27 12325 PORT GRACE BLVD · LA VISTA, NE 68128	Advisory (Plan)	$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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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

$31K

$223 / participant

Contract admin$31K100.0%

% of EOY assets

0.606%

all-in expense ratio

Categories reported

1 / 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: NEWLAND & COMPANY, PC
Auditor EIN: 810333199
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,612

$70,917-28.6%

$98,920-48.8%

$73,497-31.1%

Participation rate

52.5%

73.8%-21.3pp

76.0%-23.5pp

70.7%-18.2pp

Annual return

11.54%

34.18%-22.6pp

196.47%-184.9pp

28.51%-17.0pp

Employer contribution / active EE

$937

$2,037-54.0%

$2,689-65.1%

$2,270-58.7%

Participant deferral / active EE

$1,624

$3,501-53.6%

$4,245-61.7%

$3,740-56.6%

Admin fee / account holder

$307

$535-42.6%

$6,643-95.4%

$513-40.2%

Provider

Service type

Compensation

NATIONWIDE6+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$26,533

DEFINITI LLC1 year

Filed as: DEFINITI, LLC

Service code 14 · EIN 42-1330861

2201 TIMBERLOCH PLAZA, SUITE 150 · THE WOODLANDS, TX 77380

Plan Administrator

$2,227

LEAFHOUSE FINANCIAL ADVISORS, LLC1 year

Service code 27 · EIN 26-4311657

6504 BRIDGEPOINT PKWY, SUITE 450 · AUSTIN, TX 78730

Advisory (Plan)

$2,227

LPL FINANCIAL1 year

Filed as: KMS FINANCIAL SERVICES, INC.

Service code 27

2001 SIXTH AVE, SUITE 2801 · SEATTLE, WA 98121

Advisory (Plan)

SECURITIES AMERICA INC1 year

Filed as: SECURITIES AMERICA, INC.

Service code 27

12325 PORT GRACE BLVD · LA VISTA, NE 68128

Advisory (Plan)

SUN MOUNTAIN LUMBER COMPANY 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUN MOUNTAIN LUMBER COMPANY 401(K) PLAN AND TRUST

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