Retirement plan

TIMBERLAND HARVESTERS, LLC 401(K) PROFIT SHARING PLAN

Name: TIMBERLAND HARVESTERS, LLC - TIMBERLAND HARVESTERS, LLC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: TIMBERLAND HARVESTERS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TIMBERLAND HARVESTERS, LLC 401(K) PROFIT SHARING PLAN, TIMBERLAND HARVESTERS, LLC

TIMBERLAND HARVESTERS, LLCEIN 36-4618404Plan #001PY 2024

619 BEAMS DRIVE - EUFAULA, AL 36027334-687-6000timberlandharvesters.comLinkedIn1-10 employeesmanagement consulting

Prospect flagsLow returnsLow participationLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$1.6M

-0.2% from 2023

Total participants

266

-16.1% from 2023

Average account balance

$10,163

+83.1% from 2023

Annual return

7.98%

-4.32 pp from 2023

Benchmarks

See 575 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort575 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.60M

Not enough data

1 years with asset history on file

Average account balance

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

$10K

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.

157

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.

10.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$151K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+7.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$122

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 5 by compensation

Provider	Service type	Compensation
MERCER3 years Filed as: MERCER GLOBAL ADVISORS INC. Service code 27 · EIN 26-2459836	Advisory (Plan)	$8,281
AZALEA ADMINISTRATION LLC7 years Filed as: AZALEA ADMINISTRATION, LLC Service code 13 · EIN 27-0711617	Contract Administrator	$3,678
AZALEA ADMINISTRATION LLC3 years Service code 13	Contract Administrator	$815
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 · EIN 84-0467907	Recordkeeping Fees	$795
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP,LLC Service code 28 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$29

Plan features & details

Pension benefit codes2E2J2K2G3D3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$19K

$158 / participant

Other trustee fees$19K100.0%

% of EOY assets

1.205%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WILSON LEWIS ATTESTATION SERVICES
Auditor EIN: 991458058
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,163

$62,393-83.7%

$120,580-91.6%

$74,478-86.4%

Participation rate

10.7%

56.8%-46.1pp

72.0%-61.3pp

67.2%-56.6pp

Annual return

7.98%

18.61%-10.6pp

107.48%-99.5pp

1370.56%-1362.6pp

Employer contribution / active EE

$343

$1,845-81.4%

$3,469-90.1%

$2,626-86.9%

Participant deferral / active EE

$897

$2,886-68.9%

$4,995-82.0%

$4,350-79.4%

Admin fee / account holder

$122

$2,396-94.9%

$9,418-98.7%

$1,946-93.7%

Provider

Service type

Compensation

MERCER3 years

Filed as: MERCER GLOBAL ADVISORS INC.

Service code 27 · EIN 26-2459836

Advisory (Plan)

$8,281

AZALEA ADMINISTRATION LLC7 years

Filed as: AZALEA ADMINISTRATION, LLC

Service code 13 · EIN 27-0711617

Contract Administrator

$3,678

AZALEA ADMINISTRATION LLC3 years

Service code 13

Contract Administrator

$815

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64 · EIN 84-0467907

Recordkeeping Fees

$795

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP,LLC

Service code 28 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$29

TIMBERLAND HARVESTERS, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TIMBERLAND HARVESTERS, LLC 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