Retirement plan

H.B. SEDWICK, JR. BUILDING SUPPLY, INC. SIMPLE 401(K) PLAN

Name: H.B. SEDWICK, JR. BUILDING SUPPLY, INC. - H.B. SEDWICK, JR. BUILDING SUPPLY, INC. SIMPLE 401(K) PLAN (2019) Form 5500
Creator: H.B. SEDWICK, JR. BUILDING SUPPLY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, H.B. SEDWICK, JR. BUILDING SUPPLY, INC. SIMPLE 401(K) PLAN, H.B. SEDWICK, JR. BUILDING SUPPLY, INC.

H.B. SEDWICK, JR. BUILDING SUPPLY, INC.EIN 54-0719767Plan #001PY 2019

221 BYRD ST. - ORANGE, VA 229601630540-672-2105sedwickbuildingsupply.comLinkedIn11-50 employeespublishing

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$1.5M

+21.5% from 2018

Total participants

+7.1% from 2018

Average account balance

$102,051

+13.4% from 2018

Annual return

17.50%

+23.18 pp from 2018

Benchmarks

See 9,368 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,368 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.92M

Not enough data

1 years with asset history on file

Average account balance

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

$160K

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.

52.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$67K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10160

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 codes2E2F2G2J2T3D

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.
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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$32K

$1244 / participant

Other / not subdivided$32K100.0%

% of EOY assets

2.112%

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

$102,051

$58,512+74.4%

$84,020+21.5%

$72,983+39.8%

Participation rate

42.3%

61.2%-18.9pp

69.0%-26.7pp

69.5%-27.2pp

Annual return

17.50%

28.93%-11.4pp

71.31%-53.8pp

81.01%-63.5pp

Employer contribution / active EE

$693

$1,163-40.4%

$1,984-65.1%

$2,440-71.6%

Participant deferral / active EE

$2,014

$2,394-15.9%

$3,239-37.8%

$3,608-44.2%

Admin fee / account holder

$2,156

$4,569-52.8%

$6,101-64.7%

$5,124-57.9%

H.B. SEDWICK, JR. BUILDING SUPPLY, INC. SIMPLE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

H.B. SEDWICK, JR. BUILDING SUPPLY, INC. SIMPLE 401(K) 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