Retirement plan

GREENWOOD, INC. 401K RETIREMENT SAVINGS PLAN

Name: GREENWOOD, INC. - GREENWOOD, INC. 401K RETIREMENT SAVINGS PLAN (2019) Form 5500
Creator: GREENWOOD, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GREENWOOD, INC. 401K RETIREMENT SAVINGS PLAN, GREENWOOD, INC.

GREENWOOD, INC.EIN 57-0967122Plan #001PY 2019

160 MILESTONE WAY, SUITE A - GREENVILLE, SC 29615864-244-9669greenwoodinc.comLinkedIn501-1000 employeesfacilities services

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$15.1M

+21.8% from 2018

Total participants

669

-12.1% from 2018

Average account balance

$51,560

+21.4% from 2018

Annual return

16.93%

+20.50 pp from 2018

Benchmarks

See 1,258 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,258 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.87M

Not enough data

1 years with asset history on file

Average account balance

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

$62K

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.

338

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.

43.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.73M

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

+14.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$225

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 10 of 17 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Filed as: MASS MUTUAL LIFE INSURANCE CO Service code 49 · EIN 04-1590850	Other Services	$26,569
PENTEGRA SERVICES, INC.3 years Filed as: PENTEGRA RETIREMENT SERVICES Service code 13	Contract Administrator	$16,543
ALLIANZ GLOBAL INVESTORS3 years Service code 52 · EIN 06-1349805	Indirect Investment Fees	$0
AMERICAN CENTURY3 years Service code 52 · EIN 43-1819235	Indirect Investment Fees	$0
AMERICAN FUNDS3 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BARON3 years Service code 52 · EIN 13-6891420	Indirect Investment Fees	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC4 years Filed as: ENVESTNET RETIREMENT SOLUTIONS LLC Service code 27	Advisory (Plan)	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC4 years Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
FRANKLIN TEMPLETON3 years Service code 52 · EIN 22-2894171	Indirect Investment Fees	$0
JAMES A. REICHERT5+ years Filed as: JAMES E LIPSCOMB Service code 53 665 N ACADEMY ST · GREENVILLE, SC 29601	Insurance Commissions	$0

Plan features & details

Pension benefit codes2G2E2J2K2F3D

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 employer contribution
Employer contribution per participant 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

$27K

$44 / participant

Investment mgmt$8K29.9%
Contract admin$19K70.0%
Other / not subdivided$140.1%

% of EOY assets

0.176%

all-in expense ratio

Categories reported

2 / 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: DIXON HUGHES GOODMAN LLP
Auditor EIN: 560747981
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,560

$66,601-22.6%

$92,903-44.5%

$67,579-23.7%

Participation rate

37.4%

72.5%-35.1pp

76.0%-38.6pp

71.3%-33.9pp

Annual return

16.93%

92.58%-75.6pp

109.43%-92.5pp

378.56%-361.6pp

Employer contribution / active EE

$491

$2,775-82.3%

$3,653-86.5%

$2,148-77.1%

Participant deferral / active EE

$2,043

$3,157-35.3%

$4,238-51.8%

$3,539-42.3%

Admin fee / account holder

$91

$199-54.3%

$5,795-98.4%

$142-36.1%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Filed as: MASS MUTUAL LIFE INSURANCE CO

Service code 49 · EIN 04-1590850

Other Services

$26,569

PENTEGRA SERVICES, INC.3 years

Filed as: PENTEGRA RETIREMENT SERVICES

Service code 13

Contract Administrator

$16,543

ALLIANZ GLOBAL INVESTORS3 years

Service code 52 · EIN 06-1349805

Indirect Investment Fees

AMERICAN CENTURY3 years

Service code 52 · EIN 43-1819235

Indirect Investment Fees

AMERICAN FUNDS3 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BARON3 years

Service code 52 · EIN 13-6891420

Indirect Investment Fees

ENVESTNET RETIREMENT SOLUTIONS, LLC4 years

Filed as: ENVESTNET RETIREMENT SOLUTIONS LLC

Service code 27

Advisory (Plan)

ENVESTNET RETIREMENT SOLUTIONS, LLC4 years

Service code 27 · EIN 61-1732930

Advisory (Plan)

FRANKLIN TEMPLETON3 years

Service code 52 · EIN 22-2894171

Indirect Investment Fees

JAMES A. REICHERT5+ years

Filed as: JAMES E LIPSCOMB

Service code 53

665 N ACADEMY ST · GREENVILLE, SC 29601

Insurance Commissions

GREENWOOD, INC. 401K RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GREENWOOD, INC. 401K RETIREMENT SAVINGS 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