Retirement plan

MILLWOOD LUMBER, INC. 401(K) PROFIT SHARING PLAN

Name: MILLWOOD LUMBER, INC. - MILLWOOD LUMBER, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: MILLWOOD LUMBER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MILLWOOD LUMBER, INC. 401(K) PROFIT SHARING PLAN, MILLWOOD LUMBER, INC.

MILLWOOD LUMBER, INC.EIN 34-1762225Plan #001PY 2020

2400 LARSON ROAD, SE, P. O. BOX 871 - GNADENHUTTEN, OH 44629740-254-4681millwoodlumberinc.comLinkedIn11-50 employeesbuilding materials

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$767K

+43.7% from 2019

Total participants

+9.1% from 2019

Average account balance

$38,361

+43.7% from 2019

Annual return

24.43%

-0.66 pp from 2019

Benchmarks

See 9,207 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,207 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.64M

Not enough data

1 years with asset history on file

Average account balance

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

$75K

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.

81.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$87K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+24.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1119

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 codes2E2F2J2T3D

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).
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$6K

$198 / participant

Other / not subdivided$6K100.0%

% of EOY assets

0.749%

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

$38,361

$91,559-58.1%

$133,971-71.4%

$79,852-52.0%

Participation rate

44.8%

73.3%-28.5pp

79.8%-35.0pp

69.6%-24.8pp

Annual return

24.43%

61.85%-37.4pp

45.09%-20.7pp

31.72%-7.3pp

Employer contribution / active EE

$1,017

$2,384-57.3%

$3,919-74.0%

$2,471-58.8%

Participant deferral / active EE

$2,722

$3,734-27.1%

$5,047-46.1%

$3,740-27.2%

Admin fee / account holder

$287

$6,321-95.5%

$8,929-96.8%

$5,306-94.6%

MILLWOOD LUMBER, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MILLWOOD LUMBER, INC. 401(K) 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