Retirement plan

PALMETTO BRICK EMPLOYEES' 401(K) PROFIT SHARING PLAN

Name: JL ANDERSON CO., INC. DBA PALMETTO BRICK COMPANY - PALMETTO BRICK EMPLOYEES' 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: JL ANDERSON CO., INC. DBA PALMETTO BRICK COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PALMETTO BRICK EMPLOYEES' 401(K) PROFIT SHARING PLAN, JL ANDERSON CO., INC. DBA PALMETTO BRICK COMPANY

JL ANDERSON CO., INC. DBA PALMETTO BRICK COMPANYEIN 57-0469973Plan #001PY 2024

P.O. BOX 430 - CHERAW, SC 29520843-537-7861LinkedIn51-200 employeesglass, ceramics & concrete

Prospect flagsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$9.4M

+17.7% from 2023

Total participants

125

+11.6% from 2023

Average account balance

$93,339

+7.2% from 2023

Annual return

16.75%

+0.62 pp from 2023

Benchmarks

See 1,849 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,849 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.43M

Not enough data

1 years with asset history on file

Average account balance

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

$93K

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.

101

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.

79.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$655K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+16.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6145

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 codes2F2G2J2E2T3D

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$621K

$5351 / participant

Other / not subdivided$621K100.0%

% of EOY assets

6.584%

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

$93,339

$78,529+18.9%

$105,591-11.6%

$74,400+25.5%

Participation rate

79.3%

72.8%+6.5pp

75.3%+4.0pp

67.2%+12.1pp

Annual return

16.75%

15.94%+0.8pp

116.43%-99.7pp

1367.51%-1350.8pp

Employer contribution / active EE

$1,533

$2,522-39.2%

$3,166-51.6%

$2,624-41.6%

Participant deferral / active EE

$4,114

$4,321-4.8%

$5,008-17.9%

$4,348-5.4%

Admin fee / account holder

$6,145

$2,216+177.4%

$11,024-44.3%

$1,944+216.2%

PALMETTO BRICK EMPLOYEES' 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PALMETTO BRICK EMPLOYEES' 401(K) 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