Retirement plan

PROFIT SHARING AND RETIREMENT PLAN FOR THE MOUNTAIN COMPANY AND THE LAUREL MANAGEMENT GROUP, INC.

Name: THE MOUNTAIN COMPANY - PROFIT SHARING AND RETIREMENT PLAN FOR THE MOUNTAIN COMPANY AND THE LAUREL MANAGEMENT GROUP, INC. (2018) Form 5500
Creator: THE MOUNTAIN COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROFIT SHARING AND RETIREMENT PLAN FOR THE MOUNTAIN COMPANY AND THE LAUREL MANAGEMENT GROUP, INC., THE MOUNTAIN COMPANY

THE MOUNTAIN COMPANYEIN 55-0488302Plan #001PY 2018

166 60TH STREET - VIENNA, WV 26105304-295-3311

Prospect flagsHigh feesHigh cash

How to read this page

Total assets (EOY)

$41.6M

+8.1% from 2017

Total participants

354

-6.3% from 2017

Average account balance

$117,835

+15.2% from 2017

Annual return

6.40%

-1.63 pp from 2017

Benchmarks

See 2,759 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,759 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$52.86M

Not enough data

1 years with asset history on file

Average account balance

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

$132K

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.

401

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.

97.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.65M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+13.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1121

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

1 years with F_SCH_H allocation on file

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
GARDNER RUSSO2 years Filed as: GARDNER RUSSO & GARDNER LLC Service code 28 · EIN 23-2673088	Investment Management	$201,023
RUANE, CUNNIFF & GOLDFARB INC.2 years Filed as: RUANE CUNNIFF & GOLDFARB INC. Service code 28 · EIN 13-2628641	Investment Management	$99,782
HUNTINGTON NATIONAL BANK2 years Filed as: HUNTINGTON BANK Service code 15 · EIN 31-0966785	Recordkeeping	$43,450
JOHNSON BANK2 years Filed as: JOHNSON INVESTMENT COUNSEL, INC. Service code 28 · EIN 31-1013029	Investment Management	$27,246
CHARLES SCHWAB & CO., INC.2 years Filed as: REA & ASSOCIATES Service code 10 · EIN 34-1310124	Accounting	$9,625

Plan features & details

Pension benefit codes2A2E3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$376K

$1825 / participant

Investment mgmt$322K85.7%
Contract admin$44K11.8%
Other / not subdivided$10K2.6%

% of EOY assets

0.904%

all-in expense ratio

Categories reported

2 / 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: REA & ASSOCIATES
Auditor EIN: 341310124
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$117,835

$55,449+112.5%

$83,831+40.6%

$56,289+109.3%

Participation rate

99.5%

68.0%+31.5pp

76.1%+23.4pp

69.9%+29.7pp

Annual return

6.40%

-1.38%+7.8pp

850.99%-844.6pp

-9.96%+16.4pp

Employer contribution / active EE

$5,118

$2,430+110.6%

$3,631+40.9%

$2,111+142.4%

Participant deferral / active EE

$2,935-100.0%

$4,082-100.0%

$3,350-100.0%

Admin fee / account holder

$1,065

$656+62.4%

$5,479-80.6%

$521+104.5%

Provider

Service type

Compensation

GARDNER RUSSO2 years

Filed as: GARDNER RUSSO & GARDNER LLC

Service code 28 · EIN 23-2673088

Investment Management

$201,023

RUANE, CUNNIFF & GOLDFARB INC.2 years

Filed as: RUANE CUNNIFF & GOLDFARB INC.

Service code 28 · EIN 13-2628641

Investment Management

$99,782

HUNTINGTON NATIONAL BANK2 years

Filed as: HUNTINGTON BANK

Service code 15 · EIN 31-0966785

Recordkeeping

$43,450

JOHNSON BANK2 years

Filed as: JOHNSON INVESTMENT COUNSEL, INC.

Service code 28 · EIN 31-1013029

Investment Management

$27,246

CHARLES SCHWAB & CO., INC.2 years

Filed as: REA & ASSOCIATES

Service code 10 · EIN 34-1310124

Accounting

$9,625

PROFIT SHARING AND RETIREMENT PLAN FOR THE MOUNTAIN COMPANY AND THE LAUREL MANAGEMENT GROUP, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROFIT SHARING AND RETIREMENT PLAN FOR THE MOUNTAIN COMPANY AND THE LAUREL MANAGEMENT GROUP, INC.

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