Retirement plan

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

Name: FLAGSHIP TRADING CORPORATION - FLAGSHIP TRADING CORP. PROFIT SHARING AND 401(K) PLAN (2022) 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 2022

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

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.9M

-10.6% from 2021

Total participants

169

-15.1% from 2021

Average account balance

$30,790

+7.9% from 2021

Annual return

-5.97%

-18.26 pp from 2021

Benchmarks

See 2,204 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,204 peers

Snapshot2022

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.4 years Service code 15 · EIN 27-2037969	Recordkeeping	$15,778
PNC BANK, N.A.1 year Filed as: PNC ASSET MANAGEMENT Service code 27 · EIN 22-1146430	Advisory (Plan)	$5,256

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

$22K

$161 / participant

Investment mgmt$5K23.8%
Contract admin$16K71.4%
Other / not subdivided$1K4.8%

% of EOY assets

0.451%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,790

$49,471-37.8%

$79,583-61.3%

$66,949-54.0%

Participation rate

92.7%

61.4%+31.3pp

69.5%+23.2pp

69.8%+22.9pp

Annual return

-5.97%

84.30%-90.3pp

0.16%-6.1pp

1.57%-7.5pp

Employer contribution / active EE

$1,266-100.0%

$2,414-100.0%

$2,545-100.0%

Participant deferral / active EE

$2,635

$3,160-16.6%

$3,986-33.9%

$4,239-37.8%

Admin fee / account holder

$139

$595-76.6%

$6,835-98.0%

$594-76.6%

Provider

Service type

Compensation

NEWPORT GROUP, INC.4 years

Service code 15 · EIN 27-2037969

Recordkeeping

$15,778

PNC BANK, N.A.1 year

Filed as: PNC ASSET MANAGEMENT

Service code 27 · EIN 22-1146430

Advisory (Plan)

$5,256

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