Retirement plan

TIMBERLAND HARVESTERS, LLC 401(K) PROFIT SHARING PLAN

Name: TIMBERLAND HARVESTERS, LLC - TIMBERLAND HARVESTERS, LLC 401(K) PROFIT SHARING PLAN (2022) 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 2022

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

Prospect flagsLow assets / participantLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$1.3M

-5.4% from 2021

Total participants

292

+7.7% from 2021

Average account balance

$4,641

-11.6% from 2021

Annual return

-12.58%

-21.33 pp from 2021

Benchmarks

See 517 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort517 peers

Snapshot2022

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
ATLANTA FINANCIAL ASSOCIATES INC.2 years Filed as: ATLANTA FINANCIAL ASSOCIATES LLC Service code 27 · EIN 58-2000523	Advisory (Plan)	$1,620
MERCER1 year Filed as: MERCER GLOBAL ADVISORS INC. Service code 27 · EIN 26-2459836	Advisory (Plan)	$1,566
AZALEA ADMINISTRATION LLC5 years Filed as: AZALEA ADMINISTRATION, LLC Service code 13 · EIN 27-0711617	Contract Administrator	$1,555
AZALEA ADMINISTRATION LLC1 year Service code 13	Contract Administrator	$327
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 · EIN 84-0467907	Recordkeeping Fees	$255

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

3 tripped

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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$12K

$93 / participant

Other / not subdivided$12K100.0%

% of EOY assets

0.909%

all-in expense ratio

Categories reported

0 / 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
Auditor EIN: 582466648
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$4,641

$62,715-92.6%

$104,301-95.6%

$66,930-93.1%

Participation rate

98.5%

59.6%+38.9pp

73.3%+25.2pp

69.8%+28.7pp

Annual return

-12.58%

-14.70%+2.1pp

24.61%-37.2pp

1.57%-14.2pp

Employer contribution / active EE

$318

$1,976-83.9%

$3,373-90.6%

$2,545-87.5%

Participant deferral / active EE

$819

$2,852-71.3%

$4,626-82.3%

$4,238-80.7%

Admin fee / account holder

$42

$657-93.6%

$7,340-99.4%

$593-92.9%

Provider

Service type

Compensation

ATLANTA FINANCIAL ASSOCIATES INC.2 years

Filed as: ATLANTA FINANCIAL ASSOCIATES LLC

Service code 27 · EIN 58-2000523

Advisory (Plan)

$1,620

MERCER1 year

Filed as: MERCER GLOBAL ADVISORS INC.

Service code 27 · EIN 26-2459836

Advisory (Plan)

$1,566

AZALEA ADMINISTRATION LLC5 years

Filed as: AZALEA ADMINISTRATION, LLC

Service code 13 · EIN 27-0711617

Contract Administrator

$1,555

AZALEA ADMINISTRATION LLC1 year

Service code 13

Contract Administrator

$327

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64 · EIN 84-0467907

Recordkeeping Fees

$255

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