Retirement plan

CUMBERLAND GRAVEL AND SAND COMPANY SALARY DEFERRAL AND PROFIT SHARING PLAN

Name: CUMBERLAND GRAVEL AND SAND COMPANY - CUMBERLAND GRAVEL AND SAND COMPANY SALARY DEFERRAL AND PROFIT SHARING PLAN (2020) Form 5500
Creator: CUMBERLAND GRAVEL AND SAND COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CUMBERLAND GRAVEL AND SAND COMPANY SALARY DEFERRAL AND PROFIT SHARING PLAN, CUMBERLAND GRAVEL AND SAND COMPANY

CUMBERLAND GRAVEL AND SAND COMPANYEIN 56-0513208Plan #002PY 2020

P.O. BOX 1040 - SALISBURY, NC 281451040704-603-3412cumberlandsandandgravel.infoLinkedIn1-10 employeesmining & metals

Prospect flagsLow returnsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$1.5M

+16.0% from 2019

Total participants

+6.7% from 2019

Average account balance

$16,221

+8.7% from 2019

Annual return

3.38%

+2.84 pp from 2019

Benchmarks

See 817 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants25-99

Cohort817 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.59M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

115

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.

138.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+9.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2252

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 codes2E2F2G2J3D2T

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

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.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$143K

$2804 / participant

Other / not subdivided$143K100.0%

% of EOY assets

9.279%

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

$16,221

$88,042-81.6%

$138,135-88.3%

$79,856-79.7%

Participation rate

98.0%

71.4%+26.6pp

78.7%+19.3pp

69.6%+28.4pp

Annual return

3.38%

20.58%-17.2pp

20.51%-17.1pp

31.71%-28.3pp

Employer contribution / active EE

$2,735

$3,103-11.9%

$5,587-51.0%

$2,471+10.7%

Participant deferral / active EE

$3,156

$4,704-32.9%

$6,431-50.9%

$3,741-15.6%

Admin fee / account holder

$1,505

$7,791-80.7%

$11,856-87.3%

$5,306-71.6%

CUMBERLAND GRAVEL AND SAND COMPANY SALARY DEFERRAL AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CUMBERLAND GRAVEL AND SAND COMPANY SALARY DEFERRAL AND PROFIT SHARING 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