Retirement plan

J.T. RUSSELL AND SONS, INC. PROFIT SHARING PLAN

Name: J.T. RUSSELL AND SONS, INC. - J.T. RUSSELL AND SONS, INC. PROFIT SHARING PLAN (2018) Form 5500
Creator: J.T. RUSSELL AND SONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, J.T. RUSSELL AND SONS, INC. PROFIT SHARING PLAN, J.T. RUSSELL AND SONS, INC.

J.T. RUSSELL AND SONS, INC.EIN 56-0858771Plan #001PY 2018

221 SNUGGS STREET - ALBEMARLE, NC 28001704-982-2225

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$2.7M

+8.7% from 2017

Total participants

136

-3.5% from 2017

Average account balance

$20,014

+12.7% from 2017

Annual return

8.55%

+1.00 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

$6.42M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

156

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.

76.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$896K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$394

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

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 codes2E2F2G2J3D

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

Expense breakdown

Schedule H Part II

Admin total

$43K

$395 / participant

Investment mgmt$41K94.5%
Contract admin$2K5.5%

% of EOY assets

1.598%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SNEAD, WILLIAMS AND MAYHEW, PLLC
Auditor EIN: 541637030
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,014

$55,449-63.9%

$83,831-76.1%

$56,289-64.4%

Participation rate

100.0%

68.0%+32.0pp

76.1%+23.9pp

69.9%+30.1pp

Annual return

8.55%

-1.38%+9.9pp

850.99%-842.4pp

-9.96%+18.5pp

Employer contribution / active EE

$1,279

$2,430-47.4%

$3,631-64.8%

$2,111-39.4%

Participant deferral / active EE

$373

$2,935-87.3%

$4,082-90.9%

$3,350-88.9%

Admin fee / account holder

$320

$656-51.3%

$5,479-94.2%

$521-38.6%

J.T. RUSSELL AND SONS, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

J.T. RUSSELL AND SONS, INC. 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