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 (2020) 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 2020

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

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$818K

+40.7% from 2019

Total participants

+27.8% from 2019

Average account balance

$37,167

+2.3% from 2019

Annual return

29.12%

-56.32 pp from 2019

Benchmarks

See 8,252 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,252 peers

Snapshot2020

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

$46K

$2442 / participant

Other / not subdivided$46K100.0%

% of EOY assets

5.675%

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

$37,167

$118,708-68.7%

$98,920-62.4%

$158,966-76.6%

Participation rate

94.7%

77.8%+16.9pp

76.0%+18.7pp

82.0%+12.8pp

Annual return

29.12%

372.49%-343.4pp

196.47%-167.4pp

302.95%-273.8pp

Employer contribution / active EE

$1,564

$3,334-53.1%

$2,689-41.9%

$4,762-67.2%

Participant deferral / active EE

$3,981

$5,089-21.8%

$4,245-6.2%

$5,983-33.5%

Admin fee / account holder

$2,109

$10,134-79.2%

$6,643-68.2%

$11,250-81.3%

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