Retirement plan

TAYLOR MADE WOOD SOLUTIONS, LLC SAFE HARBOR 401(K) PROFIT SHARING PLAN

Name: TAYLOR MADE WOOD SOLUTIONS, LLC - TAYLOR MADE WOOD SOLUTIONS, LLC SAFE HARBOR 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: TAYLOR MADE WOOD SOLUTIONS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TAYLOR MADE WOOD SOLUTIONS, LLC SAFE HARBOR 401(K) PROFIT SHARING PLAN, TAYLOR MADE WOOD SOLUTIONS, LLC

TAYLOR MADE WOOD SOLUTIONS, LLCEIN 46-3964997Plan #001PY 2019

7700 SERUM AVENUE - RALSTON, NE 681274210402-331-4708LinkedIn11-50 employees

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$581K

+121.7% from 2018

Total participants

+5.9% from 2018

Average account balance

$36,326

+94.0% from 2018

Annual return

85.44%

+98.85 pp from 2018

Benchmarks

See 8,239 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,239 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.02M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

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.

170.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$357K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+14.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11061

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$9K

$656 / participant

Other / not subdivided$9K100.0%

% of EOY assets

1.466%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,326

$116,190-68.7%

$93,614-61.2%

$152,885-76.2%

Participation rate

84.6%

78.0%+6.6pp

75.8%+8.8pp

82.5%+2.2pp

Annual return

85.44%

35.96%+49.5pp

32.76%+52.7pp

345.39%-259.9pp

Employer contribution / active EE

$2,116

$3,219-34.3%

$2,718-22.2%

$4,763-55.6%

Participant deferral / active EE

$5,337

$4,604+15.9%

$4,069+31.2%

$5,851-8.8%

Admin fee / account holder

$533

$10,749-95.0%

$7,889-93.2%

$11,598-95.4%

TAYLOR MADE WOOD SOLUTIONS, LLC SAFE HARBOR 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TAYLOR MADE WOOD SOLUTIONS, LLC SAFE HARBOR 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