Retirement plan

APPALACHIAN HARDWOOD 401(K) PLAN

Name: APPALACHIAN HARDWOOD MANUFACTURERS, INC. - APPALACHIAN HARDWOOD 401(K) PLAN (2020) Form 5500
Creator: APPALACHIAN HARDWOOD MANUFACTURERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, APPALACHIAN HARDWOOD 401(K) PLAN, APPALACHIAN HARDWOOD MANUFACTURERS, INC.

APPALACHIAN HARDWOOD MANUFACTURERS, INC.EIN 31-0202520Plan #333PY 2020

816 EASTCHESTER DRIVE - HIGH POINT, NC 27261336-885-8315appalachianwood.orgLinkedIn1-10 employeesmarketing and advertising

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$27.8M

+49.3% from 2019

Total participants

1,074

+2.8% from 2019

Average account balance

$35,734

+29.1% from 2019

Annual return

49.67%

+49.67 pp from 2019

Benchmarks

See 243 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants1,000-4,999

Cohort243 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$34.85M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

1,090

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.

49.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.09M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$223

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 7 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASS MUTUAL LIFE INSURANCE COMPANY Service code 52 · EIN 04-1590850	Indirect Investment Fees	$170,393
UBS FINANCIAL SERVICES INC1 year Filed as: UBS FINANCIAL SERVICES, INC Service code 27 · EIN 13-2633816	Advisory (Plan)	$52,083
PINNACLE FINANCIAL SERVICES, INC.1 year Filed as: PINNACLE FINANCIAL SERVICES Service code 13	Contract Administrator	$22,307
3(16) FIDUCIARY SERVICES CORP1 year Filed as: 3(16) FIDUCIARY SERVICES CORP. Service code 14 · EIN 45-4813650	Plan Administrator	$11,105
PINNACLE FINANCIAL SERVICES, INC.1 year Service code 13 · EIN 59-2438373	Contract Administrator	$11,105
360 PAYROLL INTEGRATION CORP1 year Filed as: 360 PAYROLL INTEGRATION CORP. Service code 38 · EIN 83-3880266	Participant Communication	$6,877
APPALACHIAN HARDWOOD1 year Service code 23 · EIN 31-0202520	Insurance services	$452

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$252K

$250 / participant

Contract admin$252K100.0%

% of EOY assets

0.908%

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: FRAZIER AND DEETER LLC
Auditor EIN: 581433845
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,734

$47,634-25.0%

$90,440-60.5%

$90,274-60.4%

Participation rate

70.6%

67.5%+3.1pp

72.7%-2.1pp

73.4%-2.8pp

Annual return

49.67%

19.61%+30.1pp

1294.38%-1244.7pp

53.97%-4.3pp

Employer contribution / active EE

$236

$1,749-86.5%

$3,263-92.8%

$2,523-90.6%

Participant deferral / active EE

$1,473

$2,824-47.8%

$3,964-62.8%

$4,231-65.2%

Admin fee / account holder

$324

$106+205.9%

$5,615-94.2%

$114+184.4%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASS MUTUAL LIFE INSURANCE COMPANY

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$170,393

UBS FINANCIAL SERVICES INC1 year

Filed as: UBS FINANCIAL SERVICES, INC

Service code 27 · EIN 13-2633816

Advisory (Plan)

$52,083

PINNACLE FINANCIAL SERVICES, INC.1 year

Filed as: PINNACLE FINANCIAL SERVICES

Service code 13

Contract Administrator

$22,307

3(16) FIDUCIARY SERVICES CORP1 year

Filed as: 3(16) FIDUCIARY SERVICES CORP.

Service code 14 · EIN 45-4813650

Plan Administrator

$11,105

PINNACLE FINANCIAL SERVICES, INC.1 year

Service code 13 · EIN 59-2438373

Contract Administrator

$11,105

360 PAYROLL INTEGRATION CORP1 year

Filed as: 360 PAYROLL INTEGRATION CORP.

Service code 38 · EIN 83-3880266

Participant Communication

$6,877

APPALACHIAN HARDWOOD1 year

Service code 23 · EIN 31-0202520

Insurance services

$452

APPALACHIAN HARDWOOD 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

APPALACHIAN HARDWOOD 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