Retirement plan

INDEPENDENT STAVE COMPANY, LLC 401(K) PROFIT SHARING PLAN

Name: INDEPENDENT STAVE COMPANY, LLC - INDEPENDENT STAVE COMPANY, LLC 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: INDEPENDENT STAVE COMPANY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INDEPENDENT STAVE COMPANY, LLC 401(K) PROFIT SHARING PLAN, INDEPENDENT STAVE COMPANY, LLC

INDEPENDENT STAVE COMPANY, LLCEIN 44-0515123Plan #002PY 2019

1078 SOUTH JEFFERSON - LEBANON, MO 65536417-588-4151independentstavecompany.comLinkedIn1001-5000 employeeswine and spirits

Prospect flagsHigh cashCorrective distributions

How to read this page

Total assets (EOY)

$59.9M

+28.1% from 2018

Total participants

1,464

+8.6% from 2018

Average account balance

$48,587

+13.1% from 2018

Annual return

23.34%

+27.45 pp from 2018

Benchmarks

See 147 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants1,000-4,999

Cohort147 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$112.90M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

2,794

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.

76.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+16.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$121

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 3 by compensation

Provider	Service type	Compensation
CORRELL CO.5+ years Service code 15 · EIN 36-3492086	Recordkeeping	$140,200
ADP BROKER-DEALER4 years Filed as: PENSION CONSULTANTS, INC. Service code 17 · EIN 43-1685158	Pension Consulting	$70,414
NEWPORT GROUP, INC.5+ years Filed as: MATRIX FINANCIAL SOLUTIONS, INC. Service code 21 · EIN 20-1591048	Bank Trustee	$12,035

Plan features & details

Pension benefit codes2E2F2J2K2G2T3D3H

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.
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

2 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$210K

$175 / participant

Investment mgmt$82K39.3%
Other / not subdivided$127K60.7%

% of EOY assets

0.350%

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: PICKETT, CHANEY & MCMULLEN, LLP
Auditor EIN: 481246310
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,587

$127,218-61.8%

$392,568-87.6%

$77,775-37.5%

Participation rate

80.6%

82.0%-1.4pp

78.1%+2.5pp

73.2%+7.4pp

Annual return

23.34%

25.27%-1.9pp

24.42%-1.1pp

32.58%-9.2pp

Employer contribution / active EE

$1,697

$3,064-44.6%

$3,783-55.1%

$2,504-32.2%

Participant deferral / active EE

$3,484

$4,820-27.7%

$5,985-41.8%

$3,966-12.2%

Admin fee / account holder

$170

$89+91.1%

$6,260-97.3%

$100+70.0%

Provider

Service type

Compensation

CORRELL CO.5+ years

Service code 15 · EIN 36-3492086

Recordkeeping

$140,200

ADP BROKER-DEALER4 years

Filed as: PENSION CONSULTANTS, INC.

Service code 17 · EIN 43-1685158

Pension Consulting

$70,414

NEWPORT GROUP, INC.5+ years

Filed as: MATRIX FINANCIAL SOLUTIONS, INC.

Service code 21 · EIN 20-1591048

Bank Trustee

$12,035

INDEPENDENT STAVE COMPANY, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INDEPENDENT STAVE COMPANY, 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