Retirement plan

CARROLL DISTRIBUTING & CONSTRUCTION SUPPLY, INC. 401(K) PROFIT SHARING PLAN

Name: CARROLL DISTRIBUTING & CONSTRUCTION SUPPLY, INC. - CARROLL DISTRIBUTING & CONSTRUCTION SUPPLY, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: CARROLL DISTRIBUTING & CONSTRUCTION SUPPLY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARROLL DISTRIBUTING & CONSTRUCTION SUPPLY, INC. 401(K) PROFIT SHARING PLAN, CARROLL DISTRIBUTING & CONSTRUCTION SUPPLY, INC.

CARROLL DISTRIBUTING & CONSTRUCTION SUPPLY, INC.EIN 42-1190085Plan #001PY 2020

207 W. 2ND STREET, SUITE 3 - OTTUMWA, IA 52501641-455-5545LinkedIn1-10 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement-$29.4M assets

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$9.5M

+22.1% from 2019

Total participants

275

+4.2% from 2019

Average account balance

$57,243

+21.3% from 2019

Annual return

15.37%

-8.66 pp from 2019

Benchmarks

See 1,285 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,285 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.04M

Not enough data

1 years with asset history on file

Average account balance

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

$83K

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.

170

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.

43.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$809K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$492

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 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290	Contract Administrator	$31,917
PRINCIPAL LIFE INSURANCE COMPANY3 years Filed as: PRINCIPAL SECURITIES, INC. Service code 49 · EIN 42-0941553	Other Services	$7,430
QUALIFIED PLANS, LLC2 years Filed as: QUALIFIED PLAN CONSULTANTS, LLC Service code 13 · EIN 20-0223513	Contract Administrator	$0
WILSHIRE ASSOCIATES INCORPORATED4 years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$32K

$124 / participant

Other / not subdivided$32K100.0%

% of EOY assets

0.336%

all-in expense ratio

Categories reported

0 / 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: MARTENS & COMPANY, CPA, LLP
Auditor EIN: 593823192
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,243

$64,286-11.0%

$90,970-37.1%

$73,412-22.0%

Participation rate

57.8%

63.6%-5.8pp

69.0%-11.3pp

72.2%-14.4pp

Annual return

15.37%

21.46%-6.1pp

134.60%-119.2pp

59.30%-43.9pp

Employer contribution / active EE

$895-100.0%

$2,122-100.0%

$2,234-100.0%

Participant deferral / active EE

$2,472

$2,453+0.8%

$3,373-26.7%

$3,806-35.0%

Admin fee / account holder

$192

$287-33.0%

$5,961-96.8%

$158+21.8%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY6+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$31,917

PRINCIPAL LIFE INSURANCE COMPANY3 years

Filed as: PRINCIPAL SECURITIES, INC.

Service code 49 · EIN 42-0941553

Other Services

$7,430

QUALIFIED PLANS, LLC2 years

Filed as: QUALIFIED PLAN CONSULTANTS, LLC

Service code 13 · EIN 20-0223513

Contract Administrator

WILSHIRE ASSOCIATES INCORPORATED4 years

Service code 27 · EIN 95-2755361

Advisory (Plan)

CARROLL DISTRIBUTING & CONSTRUCTION SUPPLY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARROLL DISTRIBUTING & CONSTRUCTION SUPPLY, 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