Retirement plan

NEWBOLD 401(K) PLAN

Name: NEWBOLD CORPORATION - NEWBOLD 401(K) PLAN (2020) Form 5500
Creator: NEWBOLD CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEWBOLD 401(K) PLAN, NEWBOLD CORPORATION

NEWBOLD CORPORATIONEIN 54-1702665Plan #001PY 2020

450 WEAVER STREET - ROCKY MOUNT, VA 24151540-489-4400newboldcorp.comLinkedIn51-200 employeesbusiness supplies and equipment

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$4.7M

+8.5% from 2019

Total participants

143

+36.2% from 2019

Average account balance

$48,001

-13.6% from 2019

Annual return

10.62%

-21.40 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.11M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

105.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$398K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+15.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4133

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

Top 2 by compensation

Provider	Service type	Compensation
NATIONWIDE1 year Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$42,722
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC Service code 26 ATTN COMMISIONS DEPT · SAN DIEGO, CA 92121	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2G2J2T3D

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.
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.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$6K

$56 / participant

Contract admin$6K100.0%

% of EOY assets

0.126%

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: DAVIDSON, DOYLE & HILTON, LLP
Auditor EIN: 541953476
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,001

$73,638-34.8%

$95,960-50.0%

$73,493-34.7%

Participation rate

57.5%

76.2%-18.6pp

77.1%-19.5pp

70.7%-13.1pp

Annual return

10.62%

16.78%-6.2pp

91.63%-81.0pp

28.51%-17.9pp

Employer contribution / active EE

$891

$1,863-52.2%

$2,541-65.0%

$2,270-60.8%

Participant deferral / active EE

$1,958

$3,617-45.9%

$4,167-53.0%

$3,740-47.7%

Admin fee / account holder

$60

$482-87.5%

$6,797-99.1%

$513-88.2%

Provider

Service type

Compensation

NATIONWIDE1 year

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$42,722

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL LLC

Service code 26

ATTN COMMISIONS DEPT · SAN DIEGO, CA 92121

Advisory (Participants)

NEWBOLD 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEWBOLD 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