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. (2023) 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 2023

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$42.4M

+4.8% from 2022

Total participants

406

+8.0% from 2022

Average account balance

$107,732

+0.1% from 2022

Annual return

2.35%

+11.46 pp from 2022

Benchmarks

See 3,251 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,251 peers

Snapshot2023

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 8 by compensation

Provider	Service type	Compensation
GARDNER RUSSO1 year Filed as: GARDNER RUSSO & QUINN LLC Service code 28 · EIN 23-2673088	Investment Management	$185,663
RUANE, CUNNIFF & GOLDFARB INC.7 years Filed as: RUANE CUNNIFF & GOLDFARB INC. Service code 28 · EIN 13-2628641	Investment Management	$149,916
JOHNSON BANK7 years Filed as: JOHNSON INVESTMENT COUNSEL, INC. Service code 28 · EIN 31-1013029	Investment Management	$28,608
HUNTINGTON NATIONAL BANK7 years Filed as: HUNTINGTON BANK Service code 15 · EIN 31-0966785	Recordkeeping	$23,687
CHARLES SCHWAB & CO., INC.7 years Filed as: REA & ASSOCIATES Service code 10 · EIN 34-1310124	Accounting	$11,575
NEWPORT GROUP, INC.1 year Filed as: NEWPORT GROUP Service code 49 · EIN 27-2037969	Other Services	$8,320
OCTOBER THREE CONSULTING LLC1 year Filed as: OCTOBER THREE CONSULTING Service code 16 · EIN 27-1175487	Consulting	$8,000
BOWLES RICE LLP1 year Service code 29 · EIN 55-0394186	Legal	$7,746

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

Expense breakdown

Schedule H Part II

Admin total

$359K

$1485 / participant

Contract admin$359K100.0%

% of EOY assets

0.846%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$107,732

$76,696+40.5%

$96,515+11.6%

$71,511+50.7%

Participation rate

95.0%

66.6%+28.5pp

74.3%+20.7pp

67.9%+27.1pp

Annual return

2.35%

48.32%-46.0pp

35.73%-33.4pp

28.86%-26.5pp

Employer contribution / active EE

$5,974

$3,032+97.1%

$3,740+59.7%

$2,589+130.7%

Participant deferral / active EE

$3,770-100.0%

$4,880-100.0%

$4,291-100.0%

Admin fee / account holder

$912

$2,030-55.1%

$6,735-86.5%

$1,588-42.6%

Provider

Service type

Compensation

GARDNER RUSSO1 year

Filed as: GARDNER RUSSO & QUINN LLC

Service code 28 · EIN 23-2673088

Investment Management

$185,663

RUANE, CUNNIFF & GOLDFARB INC.7 years

Filed as: RUANE CUNNIFF & GOLDFARB INC.

Service code 28 · EIN 13-2628641

Investment Management

$149,916

JOHNSON BANK7 years

Filed as: JOHNSON INVESTMENT COUNSEL, INC.

Service code 28 · EIN 31-1013029

Investment Management

$28,608

HUNTINGTON NATIONAL BANK7 years

Filed as: HUNTINGTON BANK

Service code 15 · EIN 31-0966785

Recordkeeping

$23,687

CHARLES SCHWAB & CO., INC.7 years

Filed as: REA & ASSOCIATES

Service code 10 · EIN 34-1310124

Accounting

$11,575

NEWPORT GROUP, INC.1 year

Filed as: NEWPORT GROUP

Service code 49 · EIN 27-2037969

Other Services

$8,320

OCTOBER THREE CONSULTING LLC1 year

Filed as: OCTOBER THREE CONSULTING

Service code 16 · EIN 27-1175487

Consulting

$8,000

BOWLES RICE LLP1 year

Service code 29 · EIN 55-0394186

Legal

$7,746

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