Retirement plan

MINOOKA GRAIN, LUMBER & SUPPLY CO., INC. RETIREMENT PLAN

Name: MINOOKA GRAIN, LUMBER & SUPPLY CO., INC. - MINOOKA GRAIN, LUMBER & SUPPLY CO., INC. RETIREMENT PLAN (2019) Form 5500
Creator: MINOOKA GRAIN, LUMBER & SUPPLY CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MINOOKA GRAIN, LUMBER & SUPPLY CO., INC. RETIREMENT PLAN, MINOOKA GRAIN, LUMBER & SUPPLY CO., INC.

MINOOKA GRAIN, LUMBER & SUPPLY CO., INC.EIN 36-1488580Plan #002PY 2019

404 MONDAMIN STREET - MINOOKA, IL 60447815-467-2232minookalumber.comLinkedIn1-10 employeesbuilding materials

Prospect flagsLow returnsLow fidelity bond

How to read this page

Total assets (EOY)

$1.6M

+10.5% from 2018

Total participants

+11.1% from 2018

Average account balance

$156,512

-0.6% from 2018

Annual return

5.96%

-3.87 pp from 2018

Benchmarks

See 5,379 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants<25

Cohort5,379 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.28M

Not enough data

1 years with asset history on file

Average account balance

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

$253K

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.

118.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$73K

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

+16.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$193

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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$156,512

$142,430+9.9%

$115,170+35.9%

$152,885+2.4%

Participation rate

100.0%

82.4%+17.6pp

75.9%+24.1pp

82.5%+17.5pp

Annual return

5.96%

41.48%-35.5pp

35.60%-29.6pp

345.39%-339.4pp

Employer contribution / active EE

$1,700

$4,011-57.6%

$3,179-46.5%

$4,763-64.3%

Participant deferral / active EE

$4,693

$5,165-9.1%

$4,169+12.6%

$5,851-19.8%

Admin fee / account holder

$8,464-100.0%

$7,089-100.0%

$11,598-100.0%

MINOOKA GRAIN, LUMBER & SUPPLY CO., INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

MINOOKA GRAIN, LUMBER & SUPPLY CO., INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion