Retirement plan

SIMPSON NURSERIES, LAA 401(K) PROFIT SHARING PLAN

Name: SIMPSON NURSERIES, LAA - SIMPSON NURSERIES, LAA 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: SIMPSON NURSERIES, LAA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SIMPSON NURSERIES, LAA 401(K) PROFIT SHARING PLAN, SIMPSON NURSERIES, LAA

SIMPSON NURSERIES, LAAEIN 59-3724737Plan #001PY 2023

P.O. BOX 160 - MONTICELLO, FL 32344850-997-2516simpsonnurseries.comLinkedIn201-500 employeeswholesale

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.1M

+32.1% from 2022

Total participants

+4.8% from 2022

Average account balance

$92,430

+26.1% from 2022

Annual return

21.21%

+41.88 pp from 2022

Benchmarks

See 2,339 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants25-99

Cohort2,339 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.88M

Not enough data

1 years with asset history on file

Average account balance

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

$113K

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.

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$206K

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

+25.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10228

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 codes2E2G2J2R

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.

Opportunity flags

1 tripped

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

$1372 / participant

Other / not subdivided$51K100.0%

% of EOY assets

1.248%

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

$92,430

$61,605+50.0%

$112,273-17.7%

$75,181+22.9%

Participation rate

100.0%

61.7%+38.3pp

72.4%+27.6pp

67.2%+32.8pp

Annual return

21.21%

28.47%-7.3pp

30.23%-9.0pp

160.69%-139.5pp

Employer contribution / active EE

$3,591

$2,015+78.2%

$3,431+4.7%

$2,671+34.5%

Participant deferral / active EE

$6,597

$3,108+112.2%

$4,800+37.4%

$4,126+59.9%

Admin fee / account holder

$1,153

$4,862-76.3%

$7,752-85.1%

$5,650-79.6%

SIMPSON NURSERIES, LAA 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SIMPSON NURSERIES, LAA 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