Retirement plan

EASTERN INDUSTRIAL SUPPLIES, INC. 401K PROFIT SHARING PLAN

Name: EASTERN INDUSTRIAL SUPPLIES, INC. - EASTERN INDUSTRIAL SUPPLIES, INC. 401K PROFIT SHARING PLAN (2018) Form 5500
Creator: EASTERN INDUSTRIAL SUPPLIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EASTERN INDUSTRIAL SUPPLIES, INC. 401K PROFIT SHARING PLAN, EASTERN INDUSTRIAL SUPPLIES, INC.

EASTERN INDUSTRIAL SUPPLIES, INC.EIN 57-0699126Plan #002PY 2018

11 CALEDON COURT, SUITE A - GREENVILLE, SC 29615864-451-5285easternfirst.comLinkedIn201-500 employeeswholesale

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$22.6M

-1.7% from 2017

Total participants

371

+14.5% from 2017

Average account balance

$64,160

-14.2% from 2017

Annual return

-4.96%

-21.41 pp from 2017

Benchmarks

See 1,274 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,274 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$46.27M

Not enough data

1 years with asset history on file

Average account balance

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

$103K

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.

450

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.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+13.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$207

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

Top 4 by compensation

Provider	Service type	Compensation
NACHMAN, NORWOOD & PARROTT1 year Filed as: NACHMAN NORWOOD PARROTT Service code 27 · EIN 26-0280019	Advisory (Plan)	$17,840
WELLS FARGO BANK, N.A.3 years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 36-4019175	Advisory (Plan)	$17,212
THE VANGUARD GROUP, INC.3 years Service code 15 · EIN 23-1945930	Recordkeeping	$14,407
CHERRY BEKAERT LLP4+ years Service code 10 · EIN 56-0574444	Accounting	$7,500

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$55K

$177 / participant

Other / not subdivided$55K100.0%

% of EOY assets

0.244%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CHERRY BEKART LLP
Auditor EIN: 560574444
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,160

$62,267+3.0%

$110,243-41.8%

$55,725+15.1%

Participation rate

94.2%

78.1%+16.1pp

79.8%+14.4pp

70.9%+23.4pp

Annual return

-4.96%

-1.07%-3.9pp

314.76%-319.7pp

244.93%-249.9pp

Employer contribution / active EE

$1,776

$1,941-8.5%

$3,827-53.6%

$2,078-14.6%

Participant deferral / active EE

$3,972

$3,516+13.0%

$4,672-15.0%

$3,356+18.4%

Admin fee / account holder

$157

$121+29.6%

$8,548-98.2%

$115+36.0%

Provider

Service type

Compensation

NACHMAN, NORWOOD & PARROTT1 year

Filed as: NACHMAN NORWOOD PARROTT

Service code 27 · EIN 26-0280019

Advisory (Plan)

$17,840

WELLS FARGO BANK, N.A.3 years

Filed as: WELLS FARGO ADVISORS

Service code 27 · EIN 36-4019175

Advisory (Plan)

$17,212

THE VANGUARD GROUP, INC.3 years

Service code 15 · EIN 23-1945930

Recordkeeping

$14,407

CHERRY BEKAERT LLP4+ years

Service code 10 · EIN 56-0574444

Accounting

$7,500

EASTERN INDUSTRIAL SUPPLIES, INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EASTERN INDUSTRIAL SUPPLIES, INC. 401K 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