Retirement plan

LOG CREEK RETIREMENT PLAN

Name: LOG CREEK TIMBER CO., INC. - LOG CREEK RETIREMENT PLAN (2022) Form 5500
Creator: LOG CREEK TIMBER CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOG CREEK RETIREMENT PLAN, LOG CREEK TIMBER CO., INC.

LOG CREEK TIMBER CO., INC.EIN 56-2200248Plan #001PY 2022

851 COLUMBIA RD. - EDGEFIELD, SC 29824803-637-3265LinkedIn1-10 employeesconstruction

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$4.9M

-19.9% from 2021

Total participants

135

+3.1% from 2021

Average account balance

$70,359

-21.1% from 2021

Annual return

-22.62%

-35.87 pp from 2021

Benchmarks

See 2,205 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,205 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.67M

Not enough data

1 years with asset history on file

Average account balance

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

$119K

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.

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.

59.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$406K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+15.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1980

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC Service code 53 PO BOX 731 · SALUDA, SC 29138	Insurance Commissions	$8,725
LPL FINANCIAL8+ years Service code 53 4707 EXECUTIVE DR · SAN DIEGO, CA 92121	Insurance Commissions	$7,666

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$18K

$147 / participant

Contract admin$16K91.8%
Other / not subdivided$1K8.2%

% of EOY assets

0.362%

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: BURKETT BURKETT & BURKETT CPAS, P.A
Auditor EIN: 570692602
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,359

$49,451+42.3%

$79,580-11.6%

$66,938+5.1%

Participation rate

46.3%

61.3%-15.1pp

69.5%-23.2pp

69.8%-23.5pp

Annual return

-22.62%

84.25%-106.9pp

0.15%-22.8pp

1.58%-24.2pp

Employer contribution / active EE

$616

$1,266-51.3%

$2,413-74.5%

$2,545-75.8%

Participant deferral / active EE

$1,837

$3,159-41.8%

$3,985-53.9%

$4,238-56.7%

Admin fee / account holder

$254

$595-57.2%

$6,835-96.3%

$594-57.1%

Provider

Service type

Compensation

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL LLC

Service code 53

PO BOX 731 · SALUDA, SC 29138

Insurance Commissions

$8,725

LPL FINANCIAL8+ years

Service code 53

4707 EXECUTIVE DR · SAN DIEGO, CA 92121

Insurance Commissions

$7,666

LOG CREEK RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOG CREEK RETIREMENT 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