Retirement plan

TRI-STATE FOREST PRODUCTS, INC. 401(K) PROFIT SHARING PLAN

Name: TRI-STATE FOREST PRODUCTS, INC. - TRI-STATE FOREST PRODUCTS, INC. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: TRI-STATE FOREST PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRI-STATE FOREST PRODUCTS, INC. 401(K) PROFIT SHARING PLAN, TRI-STATE FOREST PRODUCTS, INC.

TRI-STATE FOREST PRODUCTS, INC.EIN 38-3140885Plan #001PY 2017

2105 SHERIDAN AVENUE - SPRINGFIELD, OH 45505937-323-6325tsfpi.comLinkedIn51-200 employeesbuilding materials

Prospect flagsLow returnsHigh feesLow participationRecently reached 100 employees

How to read this page

Total assets (EOY)

$5.2M

+18.0% from 2016

Total participants

181

+13.1% from 2016

Average account balance

$46,780

+1.1% from 2016

Annual return

13.21%

+6.37 pp from 2016

Benchmarks

See 2,371 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,371 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.51M

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

211

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.

81.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.58M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$458

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
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 P.O. BOX 9394 · DES MOINES, IA 503069394	Contract Administrator	$40,313
BLUE CHIP RETIREMENT PLANS, INC.1 year Filed as: BLUE & CO LLC Service code 10 720 EAST PETE ROSE WAY · CINCINNATI, OH 45202	Accounting	$9,500
PRINCIPAL LIFE INSURANCE COMPANY1 year Filed as: PRINCIPAL SECURITIES INC Service code 33 · EIN 42-0941553 P.O. BOX 9394 · DES MOINES, IA 503069394	Other fees; Other services; Securitie...	$8,153
WILSHIRE ASSOCIATES INCORPORATED1 year Filed as: WILKSHIRE ASSOCIATES INCORPORATED Service code 27	Advisory (Plan)	$0
WILSHIRE ASSOCIATES INCORPORATED3+ years Service code 27 · EIN 95-2755361 1299 OCEAN AVENUE, SUITE 700 · SANTA MONICA, CA 90401	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2A2E2G2J2K3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$50K

$309 / participant

Contract admin$41K81.1%
Other / not subdivided$9K18.9%

% of EOY assets

0.960%

all-in expense ratio

Categories reported

1 / 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: BLUE & CO., LLC
Auditor EIN: 351178661
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,780

$71,192-34.3%

$117,861-60.3%

$62,293-24.9%

Participation rate

57.7%

74.2%-16.6pp

79.7%-22.0pp

69.5%-11.8pp

Annual return

13.21%

18.66%-5.4pp

335.11%-321.9pp

28.90%-15.7pp

Employer contribution / active EE

$1,290

$1,934-33.3%

$3,786-65.9%

$2,042-36.8%

Participant deferral / active EE

$2,683

$3,189-15.9%

$4,482-40.1%

$3,169-15.3%

Admin fee / account holder

$449

$587-23.5%

$8,021-94.4%

$479-6.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

P.O. BOX 9394 · DES MOINES, IA 503069394

Contract Administrator

$40,313

BLUE CHIP RETIREMENT PLANS, INC.1 year

Filed as: BLUE & CO LLC

Service code 10

720 EAST PETE ROSE WAY · CINCINNATI, OH 45202

Accounting

$9,500

PRINCIPAL LIFE INSURANCE COMPANY1 year

Filed as: PRINCIPAL SECURITIES INC

Service code 33 · EIN 42-0941553

P.O. BOX 9394 · DES MOINES, IA 503069394

Other fees; Other services; Securitie...

$8,153

WILSHIRE ASSOCIATES INCORPORATED1 year

Filed as: WILKSHIRE ASSOCIATES INCORPORATED

Service code 27

Advisory (Plan)

WILSHIRE ASSOCIATES INCORPORATED3+ years

Service code 27 · EIN 95-2755361

1299 OCEAN AVENUE, SUITE 700 · SANTA MONICA, CA 90401

Advisory (Plan)

TRI-STATE FOREST PRODUCTS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRI-STATE FOREST PRODUCTS, INC. 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