Retirement plan

SCHILLING BROTHERS LUMBER & HARDWARE, INC. PROFIT SHARING PLAN

Name: SCHILLING BROTHERS LUMBER & HARDWARE, INC. - SCHILLING BROTHERS LUMBER & HARDWARE, INC. PROFIT SHARING PLAN (2021) 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 2021

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$8.3M

+19.1% from 2020

Total participants

192

+15.0% from 2020

Average account balance

$45,991

+4.0% from 2020

Annual return

10.83%

-1.80 pp from 2020

Benchmarks

See 2,170 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,170 peers

Snapshot2021

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
SMITH & HOWARD, PC7+ years Filed as: SMITH FINANCIAL INVESTMENT ADVISORS Service code 27 1830 S. PLATE STREET · KOKOMO, IN 46902	Advisory (Plan)	$44,594
NEWPORT GROUP, INC.6 years Service code 15 · EIN 27-2037969	Recordkeeping	$28,012

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$74K

$515 / participant

Investment mgmt$45K60.6%
Contract admin$28K38.1%
Other / not subdivided$1K1.4%

% of EOY assets

0.884%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,991

$59,220-22.3%

$96,570-52.4%

$79,391-42.1%

Participation rate

92.3%

61.9%+30.4pp

69.8%+22.5pp

70.7%+21.6pp

Annual return

10.83%

27.08%-16.3pp

37.79%-27.0pp

116.88%-106.1pp

Employer contribution / active EE

$1,456

$1,216+19.7%

$2,357-38.2%

$2,428-40.0%

Participant deferral / active EE

$3,623

$2,948+22.9%

$3,849-5.9%

$4,046-10.5%

Admin fee / account holder

$407

$659-38.2%

$6,182-93.4%

$627-35.1%

Provider

Service type

Compensation

SMITH & HOWARD, PC7+ years

Filed as: SMITH FINANCIAL INVESTMENT ADVISORS

Service code 27

1830 S. PLATE STREET · KOKOMO, IN 46902

Advisory (Plan)

$44,594

NEWPORT GROUP, INC.6 years

Service code 15 · EIN 27-2037969

Recordkeeping

$28,012

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