Retirement plan

EMPLOYEE BENEFIT PLAN OF KEITH SNEAD BUILDERS SUPPLY CO., INC.

Name: KEITH SNEAD BUILDERS SUPPLY CO., INC. - EMPLOYEE BENEFIT PLAN OF KEITH SNEAD BUILDERS SUPPLY CO., INC. (2020) Form 5500
Creator: KEITH SNEAD BUILDERS SUPPLY CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF KEITH SNEAD BUILDERS SUPPLY CO., INC., KEITH SNEAD BUILDERS SUPPLY CO., INC.

KEITH SNEAD BUILDERS SUPPLY CO., INC.EIN 57-0134170Plan #001PY 2020

600 ELLISON AVE - GREENWOOD, SC 296491421864-229-2581LinkedIn11-50 employeesbuilding materials

Prospect flagsLow returnsHigh feesLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$1.5M

+11.4% from 2019

Total participants

+3.2% from 2019

Average account balance

$54,721

+11.4% from 2019

Annual return

10.50%

-8.55 pp from 2019

Benchmarks

See 26,422 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort26,422 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.72M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

83.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$327K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+17.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1504

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 codes2F2G2S2T3D

Plan features

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

4 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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$64K

$2070 / participant

Other / not subdivided$64K100.0%

% of EOY assets

4.187%

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

$54,721

$98,766-44.6%

$149,730-63.5%

$79,852-31.5%

Participation rate

87.1%

75.8%+11.3pp

82.5%+4.6pp

69.6%+17.5pp

Annual return

10.50%

27.43%-16.9pp

276.70%-266.2pp

31.72%-21.2pp

Employer contribution / active EE

$968

$3,217-69.9%

$4,645-79.2%

$2,471-60.8%

Participant deferral / active EE

$1,495

$5,681-73.7%

$6,843-78.2%

$3,740-60.0%

Admin fee / account holder

$2,291

$6,052-62.1%

$9,310-75.4%

$5,306-56.8%

EMPLOYEE BENEFIT PLAN OF KEITH SNEAD BUILDERS SUPPLY CO., INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF KEITH SNEAD BUILDERS SUPPLY CO., 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