Retirement plan

FLAGSHIP TRADING CORP. PROFIT SHARING AND 401(K) PLAN

Name: FLAGSHIP TRADING CORPORATION - FLAGSHIP TRADING CORP. PROFIT SHARING AND 401(K) PLAN (2024) Form 5500
Creator: FLAGSHIP TRADING CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FLAGSHIP TRADING CORP. PROFIT SHARING AND 401(K) PLAN, FLAGSHIP TRADING CORPORATION

FLAGSHIP TRADING CORPORATIONdba MANUFACTURERS WHOLESALE LUMBEREIN 34-1410686Plan #001PY 2024

17055 KINSMAN ROAD - MIDDLEFIELD, OH 44062216-524-6700

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$7.4M

+19.8% from 2023

Total participants

187

+12.0% from 2023

Average account balance

$42,512

+2.0% from 2023

Annual return

11.81%

-4.21 pp from 2023

Benchmarks

See 2,318 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,318 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.44M

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.

175

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.

91.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$599K

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

+11.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$168

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 2 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.6 years Service code 15 · EIN 27-2037969	Recordkeeping	$15,791
PNC BANK, N.A.2 years Filed as: PNC INSTITUTIONAL ASSET MANAGEMENT Service code 27 · EIN 22-1146430	Advisory (Plan)	$6,797

Plan features & details

Pension benefit codes2E2G2J2T2X3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

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

$29K

$214 / participant

Recordkeeping$1K4.1%
Trustee / custodial$2K6.7%
Investment mgmt$12K39.6%
Contract admin$15K49.6%

% of EOY assets

0.395%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PEASE BELL CPAS, LLC
Auditor EIN: 364267431
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,512

$59,402-28.4%

$93,654-54.6%

$74,546-43.0%

Participation rate

91.2%

59.7%+31.6pp

68.7%+22.5pp

67.2%+24.0pp

Annual return

11.81%

81.86%-70.0pp

133.34%-121.5pp

1366.03%-1354.2pp

Employer contribution / active EE

$1,845

$1,265+45.9%

$2,421-23.8%

$2,624-29.7%

Participant deferral / active EE

$2,527

$3,049-17.1%

$4,413-42.7%

$4,347-41.9%

Admin fee / account holder

$168

$3,023-94.4%

$8,282-98.0%

$1,944-91.4%

Provider

Service type

Compensation

NEWPORT GROUP, INC.6 years

Service code 15 · EIN 27-2037969

Recordkeeping

$15,791

PNC BANK, N.A.2 years

Filed as: PNC INSTITUTIONAL ASSET MANAGEMENT

Service code 27 · EIN 22-1146430

Advisory (Plan)

$6,797

FLAGSHIP TRADING CORP. PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FLAGSHIP TRADING CORP. PROFIT SHARING AND 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