Retirement plan

BELL LUMBER AND POLE COMPANY 401(K) PROFIT SHARING PLAN

Name: BELL LUMBER AND POLE COMPANY - BELL LUMBER AND POLE COMPANY 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: BELL LUMBER AND POLE COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BELL LUMBER AND POLE COMPANY 401(K) PROFIT SHARING PLAN, BELL LUMBER AND POLE COMPANY

BELL LUMBER AND POLE COMPANYEIN 41-0144340Plan #004PY 2020

P.O. BOX 120786 - NEW BRIGHTON, MN 55112651-633-4334LinkedIn51-200 employeespaper & forest products

Other plans on this EIN

2 filings

#001Retirement-$13.8M assets #002Retirement-$2.5M assets

Prospect flagsLow participationRecently reached 100 employeesCorrective distributions

How to read this page

Total assets (EOY)

$4.8M

+24.3% from 2019

Total participants

167

+24.6% from 2019

Average account balance

$40,260

-13.3% from 2019

Annual return

22.50%

-0.27 pp from 2019

Benchmarks

See 1,894 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,894 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.65M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

301

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.

98.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.68M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+15.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$233

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
AMERICAN UNITED LIFE INSURANCE CO6+ years Filed as: ONEAMERICA RETIREMENT SERVICES LLC Service code 15 · EIN 46-5378846	Recordkeeping	$17,263
INTELLICENTS INVESTMENT SOLUTIONS I2 years Filed as: INTELLICENTS INVESTMENT SOLUTIONS Service code 26 · EIN 41-1812533	Advisory (Participants)	$10,930
BMO HARRIS BANK NA6+ years Service code 19 · EIN 36-2085229	Securities Custodian	$0
BMO HARRIS BANK NA5 years Filed as: BMO HARRIS BANK, NA Service code 19	Securities Custodian	$0
AMERICAN UNITED LIFE INSURANCE CO5 years Filed as: ONEAMERICA RETIREMENT SERVICES, LLC Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
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

$28K

$182 / participant

Investment mgmt$11K38.8%
Other / not subdivided$17K61.2%

% of EOY assets

0.588%

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: HARRIS & CO. PLLC
Auditor EIN: 264022510
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,260

$70,917-43.2%

$98,920-59.3%

$73,497-45.2%

Participation rate

69.0%

73.8%-4.8pp

76.0%-7.0pp

70.7%-1.6pp

Annual return

22.50%

34.18%-11.7pp

196.47%-174.0pp

28.51%-6.0pp

Employer contribution / active EE

$2,037-100.0%

$2,689-100.0%

$2,270-100.0%

Participant deferral / active EE

$2,572

$3,501-26.5%

$4,245-39.4%

$3,740-31.2%

Admin fee / account holder

$237

$535-55.7%

$6,643-96.4%

$513-53.8%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO6+ years

Filed as: ONEAMERICA RETIREMENT SERVICES LLC

Service code 15 · EIN 46-5378846

Recordkeeping

$17,263

INTELLICENTS INVESTMENT SOLUTIONS I2 years

Filed as: INTELLICENTS INVESTMENT SOLUTIONS

Service code 26 · EIN 41-1812533

Advisory (Participants)

$10,930

BMO HARRIS BANK NA6+ years

Service code 19 · EIN 36-2085229

Securities Custodian

BMO HARRIS BANK NA5 years

Filed as: BMO HARRIS BANK, NA

Service code 19

Securities Custodian

AMERICAN UNITED LIFE INSURANCE CO5 years

Filed as: ONEAMERICA RETIREMENT SERVICES, LLC

Service code 15

Recordkeeping

BELL LUMBER AND POLE COMPANY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BELL LUMBER AND POLE COMPANY 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