Retirement plan

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

Name: THE MOUNTAIN COMPANY - THE PROFIT SHARING AND RETIREMENT PLAN FOR THE MOUNTAIN COMPANY AND THE LAUREL MANAGEMENT GROUP, INC. (2019) Form 5500
Creator: THE MOUNTAIN COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE PROFIT SHARING AND RETIREMENT PLAN FOR THE MOUNTAIN COMPANY AND THE LAUREL MANAGEMENT GROUP, INC., THE MOUNTAIN COMPANY

THE MOUNTAIN COMPANYEIN 55-0488302Plan #001PY 2019

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

Prospect flagsLow returnsHigh feesHigh cash

How to read this page

Total assets (EOY)

$39.6M

-4.9% from 2018

Total participants

376

+6.2% from 2018

Average account balance

$108,422

-8.0% from 2018

Annual return

7.44%

+1.04 pp from 2018

Benchmarks

See 2,830 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,830 peers

Snapshot2019

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 RUSSO3 years Filed as: GARDNER RUSSO & GARDNER LLC Service code 28 · EIN 23-2673088	Investment Management	$164,305
RUANE, CUNNIFF & GOLDFARB INC.3 years Filed as: RUANE CUNNIFF & GOLDFARB INC. Service code 28 · EIN 13-2628641	Investment Management	$114,650
HUNTINGTON NATIONAL BANK3 years Filed as: HUNTINGTON BANK Service code 15 · EIN 31-0966785	Recordkeeping	$41,333
JOHNSON BANK3 years Filed as: JOHNSON INVESTMENT COUNSEL, INC. Service code 28 · EIN 31-1013029	Investment Management	$27,241
CHARLES SCHWAB & CO., INC.3 years Filed as: REA & ASSOCIATES Service code 10 · EIN 34-1310124	Accounting	$10,000

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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$366K

$1663 / participant

Contract admin$366K100.0%

% of EOY assets

0.925%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$108,422

$63,114+71.8%

$92,915+16.7%

$65,186+66.3%

Participation rate

95.0%

68.8%+26.2pp

76.0%+19.0pp

70.2%+24.8pp

Annual return

7.44%

28.75%-21.3pp

109.45%-102.0pp

29.39%-21.9pp

Employer contribution / active EE

$5,085

$2,571+97.8%

$3,653+39.2%

$2,177+133.6%

Participant deferral / active EE

$3,108-100.0%

$4,238-100.0%

$3,514-100.0%

Admin fee / account holder

$1,003

$624+60.8%

$5,796-82.7%

$847+18.3%

Provider

Service type

Compensation

GARDNER RUSSO3 years

Filed as: GARDNER RUSSO & GARDNER LLC

Service code 28 · EIN 23-2673088

Investment Management

$164,305

RUANE, CUNNIFF & GOLDFARB INC.3 years

Filed as: RUANE CUNNIFF & GOLDFARB INC.

Service code 28 · EIN 13-2628641

Investment Management

$114,650

HUNTINGTON NATIONAL BANK3 years

Filed as: HUNTINGTON BANK

Service code 15 · EIN 31-0966785

Recordkeeping

$41,333

JOHNSON BANK3 years

Filed as: JOHNSON INVESTMENT COUNSEL, INC.

Service code 28 · EIN 31-1013029

Investment Management

$27,241

CHARLES SCHWAB & CO., INC.3 years

Filed as: REA & ASSOCIATES

Service code 10 · EIN 34-1310124

Accounting

$10,000

THE 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

THE 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