Retirement plan

TURNER SUPPLY COMPANY PROFIT SHARING AND SAVINGS PLAN

Name: TURNER SUPPLY COMPANY - TURNER SUPPLY COMPANY PROFIT SHARING AND SAVINGS PLAN (2024) Form 5500
Creator: TURNER SUPPLY COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TURNER SUPPLY COMPANY PROFIT SHARING AND SAVINGS PLAN, TURNER SUPPLY COMPANY

TURNER SUPPLY COMPANYEIN 63-0213410Plan #001PY 2024

250 NORTH ROYAL STREET - MOBILE, AL 36602251-438-5581turnersupply.comLinkedIn51-200 employeeslogistics and supply chain

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$13M

+13.3% from 2023

Total participants

169

+6.3% from 2023

Average account balance

$105,382

+11.4% from 2023

Annual return

12.16%

-0.81 pp from 2023

Benchmarks

See 2,351 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,351 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.96M

Not enough data

1 years with asset history on file

Average account balance

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

$105K

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.

123

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.

66.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$672K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$297

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 2 by compensation

Provider	Service type	Compensation
MITCHELL, MCLEOD, PUGH & WILLIAMS4 years Filed as: MITCHELL MCLEOD PUGH & WILLIAMS Service code 60 · EIN 20-3706574	Sub-TA Fees	$26,576
NEWPORT GROUP, INC.6 years Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131	Bank Trustee	$5,832

Plan features & details

Pension benefit codes2E2F2G2J2T3D3F

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$36K

$262 / participant

Recordkeeping$2K6.7%
Trustee / custodial$6K16.0%
Investment mgmt$27K72.9%
Contract admin$2K4.4%

% of EOY assets

0.281%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SMITH DUKES & BUCKALEW, LLP
Auditor EIN: 630191630
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$105,382

$88,117+19.6%

$164,928-36.1%

$74,400+41.6%

Participation rate

66.9%

73.1%-6.2pp

78.6%-11.7pp

67.2%-0.3pp

Annual return

12.16%

17.27%-5.1pp

70.08%-57.9pp

1367.51%-1355.4pp

Employer contribution / active EE

$1,714

$2,596-34.0%

$4,343-60.5%

$2,624-34.7%

Participant deferral / active EE

$3,119

$4,501-30.7%

$6,034-48.3%

$4,348-28.3%

Admin fee / account holder

$297

$2,230-86.7%

$12,684-97.7%

$1,944-84.7%

Provider

Service type

Compensation

MITCHELL, MCLEOD, PUGH & WILLIAMS4 years

Filed as: MITCHELL MCLEOD PUGH & WILLIAMS

Service code 60 · EIN 20-3706574

Sub-TA Fees

$26,576

NEWPORT GROUP, INC.6 years

Filed as: NEWPORT TRUST COMPANY

Service code 21 · EIN 27-4411131

Bank Trustee

$5,832

TURNER SUPPLY COMPANY PROFIT SHARING AND SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TURNER SUPPLY COMPANY PROFIT SHARING AND 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