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 (2022) 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 2022

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

Prospect flagsHigh feesLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$1.4M

-27.4% from 2021

Total participants

+8.6% from 2021

Average account balance

$95,396

-22.6% from 2021

Annual return

-16.44%

-24.65 pp from 2021

Benchmarks

See 9,447 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,447 peers

Snapshot2022

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

3 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.)
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

$314K

$8731 / participant

Other / not subdivided$314K100.0%

% of EOY assets

21.965%

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

$95,396

$59,834+59.4%

$79,576+19.9%

$68,495+39.3%

Participation rate

36.1%

61.1%-25.0pp

69.5%-33.4pp

67.9%-31.8pp

Annual return

-16.44%

-12.30%-4.1pp

0.15%-16.6pp

-7.84%-8.6pp

Employer contribution / active EE

$624

$1,505-58.6%

$2,413-74.2%

$2,596-76.0%

Participant deferral / active EE

$1,657

$3,024-45.2%

$3,985-58.4%

$4,028-58.9%

Admin fee / account holder

$20,954

$4,835+333.4%

$6,834+206.6%

$5,403+287.8%

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