Retirement plan

LUMBERMEN ASSOCIATES, INC. PROFIT SHARING PLAN

Name: LUMBERMEN ASSOCIATES, INC. - LUMBERMEN ASSOCIATES, INC. PROFIT SHARING PLAN (2019) Form 5500
Creator: LUMBERMEN ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LUMBERMEN ASSOCIATES, INC. PROFIT SHARING PLAN, LUMBERMEN ASSOCIATES, INC.

LUMBERMEN ASSOCIATES, INC.EIN 23-1893159Plan #002PY 2019

P.O. BOX 720 - BRISTOL, PA 19007215-785-4600LinkedIn1-10 employeespaper & forest products

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$7.7M

+18.2% from 2018

Total participants

+16.4% from 2018

Average account balance

$107,158

+1.8% from 2018

Annual return

22.29%

+28.69 pp from 2018

Benchmarks

See 9,237 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,237 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.48M

Not enough data

1 years with asset history on file

Average account balance

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

$114K

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.

79.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$661K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2280

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 codes2E2F2G2J2T3D

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.
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.

Opportunity flags

1 tripped

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

$758K

$11144 / participant

Other / not subdivided$758K100.0%

% of EOY assets

9.822%

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

$107,158

$83,477+28.4%

$125,175-14.4%

$72,986+46.8%

Participation rate

91.2%

73.3%+17.9pp

79.8%+11.4pp

69.5%+21.7pp

Annual return

22.29%

25.78%-3.5pp

43.79%-21.5pp

81.01%-58.7pp

Employer contribution / active EE

$3,136

$2,345+33.7%

$3,865-18.9%

$2,440+28.5%

Participant deferral / active EE

$4,070

$3,585+13.5%

$4,937-17.5%

$3,607+12.8%

Admin fee / account holder

$10,525

$5,517+90.8%

$9,702+8.5%

$5,124+105.4%

LUMBERMEN ASSOCIATES, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LUMBERMEN ASSOCIATES, INC. 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