Retirement plan

BEASLEY FOREST PRODUCTS, INC. 401(K) PROFIT SHARING PLAN

Name: BEASLEY FOREST PRODUCTS, INC. - BEASLEY FOREST PRODUCTS, INC. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: BEASLEY FOREST PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BEASLEY FOREST PRODUCTS, INC. 401(K) PROFIT SHARING PLAN, BEASLEY FOREST PRODUCTS, INC.

BEASLEY FOREST PRODUCTS, INC.EIN 58-2332843Plan #001PY 2017

PO BOX 788 - HAZLEHURST, GA 31539912-375-5174beasleyforestproducts.comLinkedIn11-50 employeespaper & forest products

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$6.2M

+34.3% from 2016

Total participants

373

-9.2% from 2016

Average account balance

$39,463

+34.3% from 2016

Annual return

17.10%

+9.87 pp from 2016

Benchmarks

See 1,152 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,152 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.56M

Not enough data

1 years with asset history on file

Average account balance

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

$64K

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.

370

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.

29.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.69M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+34.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$424

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 3 by compensation

Provider	Service type	Compensation
LPL FINANCIAL3+ years Service code 27 · EIN 95-2834236 9785 TOWNE CENTER DRIVE · SAN DIEGO, CA 921211968	Advisory (Plan)	$25,758
COLUMBIA BENEFITS CONSULTANTS, INC.3+ years Filed as: COLUMBIA BENEFITS CONSULTANTS, INC Service code 14 · EIN 52-1904735 8820 COLUMBIA 100 PARKWAY SUITE 401 · COLUMBIA, MD 21045	Plan Administrator	$24,978
EXPERTPLAN, INC.3+ years Service code 64 · EIN 52-2269494 50 MILESTONE RD · EAST WINDSOR, NJ 08520	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$51K

$145 / participant

Investment mgmt$26K50.8%
Contract admin$25K49.2%

% of EOY assets

0.819%

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: MAULDIN & JENKINS, LLC
Auditor EIN: 580692043
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,463

$75,284-47.6%

$91,004-56.6%

$69,631-43.3%

Participation rate

38.3%

80.4%-42.1pp

75.6%-37.3pp

70.7%-32.4pp

Annual return

17.10%

48.40%-31.3pp

4.60%+12.5pp

27571.02%-27553.9pp

Employer contribution / active EE

$897

$2,473-63.7%

$2,456-63.5%

$2,032-55.8%

Participant deferral / active EE

$1,773

$3,700-52.1%

$3,548-50.0%

$3,224-45.0%

Admin fee / account holder

$323

$111+192.3%

$5,417-94.0%

$110+192.6%

Provider

Service type

Compensation

LPL FINANCIAL3+ years

Service code 27 · EIN 95-2834236

9785 TOWNE CENTER DRIVE · SAN DIEGO, CA 921211968

Advisory (Plan)

$25,758

COLUMBIA BENEFITS CONSULTANTS, INC.3+ years

Filed as: COLUMBIA BENEFITS CONSULTANTS, INC

Service code 14 · EIN 52-1904735

8820 COLUMBIA 100 PARKWAY SUITE 401 · COLUMBIA, MD 21045

Plan Administrator

$24,978

EXPERTPLAN, INC.3+ years

Service code 64 · EIN 52-2269494

50 MILESTONE RD · EAST WINDSOR, NJ 08520

Recordkeeping Fees

BEASLEY FOREST PRODUCTS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BEASLEY FOREST PRODUCTS, INC. 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