Retirement plan

SCHILLING BROTHERS LUMBER & HARDWARE, INC. PROFIT SHARING PLAN

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

SCHILLING BROTHERS LUMBER & HARDWARE, INC.EIN 35-1414433Plan #002PY 2020

8252 VIRGINIA ST, SUITE B - MERRILLVILLE, IN 46410219-736-7501schillinglumber.comLinkedIn1-10 employeespaper & forest products

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$7M

+15.3% from 2019

Total participants

167

+0.6% from 2019

Average account balance

$44,235

+9.5% from 2019

Annual return

12.63%

-6.07 pp from 2019

Benchmarks

See 2,198 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,198 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.98M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

265

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.

94.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+8.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$381

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
SMITH & HOWARD, PC6+ years Filed as: SMITH FINANCIAL INVESTMENT ADVISORS Service code 27 1830 S. PLATE STREET · KOKOMO, IN 46902	Advisory (Plan)	$35,962
NEWPORT GROUP, INC.5 years Service code 15 · EIN 27-2037969	Recordkeeping	$25,526

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$62K

$434 / participant

Investment mgmt$36K57.6%
Contract admin$26K40.8%
Other / not subdivided$1K1.6%

% of EOY assets

0.894%

all-in expense ratio

Categories reported

2 / 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: HUMPHREY CPA GROUP, L.L.C.
Auditor EIN: 272586621
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,235

$54,573-18.9%

$90,970-51.4%

$73,497-39.8%

Participation rate

93.8%

61.2%+32.6pp

69.0%+24.7pp

70.7%+23.1pp

Annual return

12.63%

16.69%-4.1pp

134.60%-122.0pp

28.51%-15.9pp

Employer contribution / active EE

$2,960

$991+198.6%

$2,122+39.5%

$2,270+30.4%

Participant deferral / active EE

$2,806

$2,517+11.5%

$3,373-16.8%

$3,740-25.0%

Admin fee / account holder

$395

$521-24.2%

$5,961-93.4%

$513-22.9%

Provider

Service type

Compensation

SMITH & HOWARD, PC6+ years

Filed as: SMITH FINANCIAL INVESTMENT ADVISORS

Service code 27

1830 S. PLATE STREET · KOKOMO, IN 46902

Advisory (Plan)

$35,962

NEWPORT GROUP, INC.5 years

Service code 15 · EIN 27-2037969

Recordkeeping

$25,526

SCHILLING BROTHERS LUMBER & HARDWARE, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCHILLING BROTHERS LUMBER & HARDWARE, INC. 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