Retirement plan

GREENWOOD, INC. 401(K) RETIREMENT SAVINGS PLAN

Name: GREENWOOD, INC. - GREENWOOD, INC. 401(K) RETIREMENT SAVINGS PLAN (2020) Form 5500
Creator: GREENWOOD, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GREENWOOD, INC. 401(K) RETIREMENT SAVINGS PLAN, GREENWOOD, INC.

GREENWOOD, INC.EIN 57-0967122Plan #001PY 2020

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

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$17.2M

+14.3% from 2019

Total participants

648

-3.1% from 2019

Average account balance

$54,272

+5.3% from 2019

Annual return

13.62%

-3.31 pp from 2019

Benchmarks

See 1,282 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,282 peers

Snapshot2020

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

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Service providers

Top 9 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Service code 49 · EIN 04-1590850	Other Services	$13,282
PENTEGRA SERVICES, INC.4 years Filed as: PENTEGRA RETIREMENT SERVICES Service code 13 · EIN 13-3745616	Contract Administrator	$5,454
AMERICAN CENTURY4 years Service code 52 · EIN 43-1819235	Indirect Investment Fees	$0
AMERICAN FUNDS4 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BARON4 years Service code 52 · EIN 13-6891420	Indirect Investment Fees	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC5 years Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
FRANKLIN TEMPLETON1 year Filed as: FRANKLINTEMPLETON Service code 52 · EIN 22-2894171	Indirect Investment Fees	$0
RIDGEWORTH1 year Filed as: VIRTUS MUTUAL FUNDS Service code 52 · EIN 06-1349805	Indirect Investment Fees	$0
WELLS FARGO BANK, N.A.4 years Filed as: WELLS FARGO Service code 52 · EIN 41-0449260	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D2T

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.
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

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.

Expense breakdown

Schedule H Part II

Admin total

$13K

$23 / participant

Investment mgmt$4K31.9%
Contract admin$9K68.0%
Other / not subdivided$150.1%

% of EOY assets

0.077%

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

$54,272

$91,517-40.7%

$101,271-46.4%

$73,412-26.1%

Participation rate

42.3%

73.8%-31.4pp

75.8%-33.5pp

72.2%-29.8pp

Annual return

13.62%

17.17%-3.5pp

46.48%-32.9pp

59.30%-45.7pp

Employer contribution / active EE

$533

$2,877-81.5%

$3,660-85.4%

$2,234-76.1%

Participant deferral / active EE

$2,066

$3,338-38.1%

$4,371-52.7%

$3,806-45.7%

Admin fee / account holder

$42

$216-80.6%

$5,948-99.3%

$158-73.5%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Service code 49 · EIN 04-1590850

Other Services

$13,282

PENTEGRA SERVICES, INC.4 years

Filed as: PENTEGRA RETIREMENT SERVICES

Service code 13 · EIN 13-3745616

Contract Administrator

$5,454

AMERICAN CENTURY4 years

Service code 52 · EIN 43-1819235

Indirect Investment Fees

AMERICAN FUNDS4 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BARON4 years

Service code 52 · EIN 13-6891420

Indirect Investment Fees

ENVESTNET RETIREMENT SOLUTIONS, LLC5 years

Service code 27 · EIN 61-1732930

Advisory (Plan)

FRANKLIN TEMPLETON1 year

Filed as: FRANKLINTEMPLETON

Service code 52 · EIN 22-2894171

Indirect Investment Fees

RIDGEWORTH1 year

Filed as: VIRTUS MUTUAL FUNDS

Service code 52 · EIN 06-1349805

Indirect Investment Fees

WELLS FARGO BANK, N.A.4 years

Filed as: WELLS FARGO

Service code 52 · EIN 41-0449260

Indirect Investment Fees

GREENWOOD, INC. 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GREENWOOD, INC. 401(K) 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