Retirement plan

SUPERIOR HARDWOODS OF OHIO, INC. EMPLOYEES PROFIT SHARING PLAN

Name: SUPERIOR HARDWOODS OF OHIO, INC. - SUPERIOR HARDWOODS OF OHIO, INC. EMPLOYEES PROFIT SHARING PLAN (2024) Form 5500
Creator: SUPERIOR HARDWOODS OF OHIO, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUPERIOR HARDWOODS OF OHIO, INC. EMPLOYEES PROFIT SHARING PLAN, SUPERIOR HARDWOODS OF OHIO, INC.

SUPERIOR HARDWOODS OF OHIO, INC.EIN 31-0956867Plan #002PY 2024

134 WELLSTON INDUSTRIAL PARK ROAD - WELLSTON, OH 45692740-707-5257

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$11.6M

+18.7% from 2023

Total participants

169

+1.2% from 2023

Average account balance

$74,152

+18.7% from 2023

Annual return

16.44%

-1.67 pp from 2023

Benchmarks

See 2,051 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,051 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.57M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

156

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.

90.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$667K

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

+16.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$65

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 3 by compensation

Provider	Service type	Compensation
BULLROCK CAPITAL8 years Service code 99 · EIN 81-4243054	Other Fees	$28,860
CHARLES SCHWAB & CO., INC.5 years Filed as: REA AND ASSOCIATES INC. Service code 99 · EIN 34-1310124	Other Fees	$6,029
CBIZ RETIREMENT PLAN SERVICES2 years Filed as: CBIZ BENEFITS AND INSURANCE SERVICE Service code 49	Other Services	$4,994

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

Opportunity flags

1 tripped

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

$10K

$76 / participant

Investment mgmt$7K69.0%
Contract admin$3K28.1%
Other / not subdivided$3003.0%

% of EOY assets

0.087%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: REA & ASSOCIATES, INC.
Auditor EIN: 341310124
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,152

$60,504+22.6%

$81,882-9.4%

$74,478-0.4%

Participation rate

90.2%

62.9%+27.2pp

72.4%+17.8pp

67.2%+22.9pp

Annual return

16.44%

16.91%-0.5pp

779.47%-763.0pp

1370.56%-1354.1pp

Employer contribution / active EE

$1,095

$2,627-58.3%

$2,916-62.4%

$2,626-58.3%

Participant deferral / active EE

$3,956

$3,400+16.4%

$4,323-8.5%

$4,350-9.1%

Admin fee / account holder

$65

$1,492-95.7%

$7,360-99.1%

$1,946-96.7%

Provider

Service type

Compensation

BULLROCK CAPITAL8 years

Service code 99 · EIN 81-4243054

Other Fees

$28,860

CHARLES SCHWAB & CO., INC.5 years

Filed as: REA AND ASSOCIATES INC.

Service code 99 · EIN 34-1310124

Other Fees

$6,029

CBIZ RETIREMENT PLAN SERVICES2 years

Filed as: CBIZ BENEFITS AND INSURANCE SERVICE

Service code 49

Other Services

$4,994

SUPERIOR HARDWOODS OF OHIO, INC. EMPLOYEES PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUPERIOR HARDWOODS OF OHIO, INC. EMPLOYEES 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