Retirement plan

TURNER SUPPLY COMPANY PROFIT SHARING AND SAVINGS PLAN

Name: TURNER SUPPLY COMPANY - TURNER SUPPLY COMPANY PROFIT SHARING AND SAVINGS PLAN (2020) 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 2020

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$12.5M

+13.2% from 2019

Total participants

158

+7.5% from 2019

Average account balance

$90,240

+8.3% from 2019

Annual return

11.99%

-5.83 pp from 2019

Benchmarks

See 2,271 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,271 peers

Snapshot2020

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 3 by compensation

Provider	Service type	Compensation
MITCHELL, MCLEOD, PUGH & WILLIAMS6+ years Filed as: MITCHELL MCLEOD PUGH & WILLIAMS INC Service code 60 · EIN 20-3706574	Sub-TA Fees	$17,241
NEWPORT GROUP, INC.4 years Service code 13 · EIN 27-2037969	Contract Administrator	$10,705
NEWPORT GROUP, INC.2 years Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131	Bank Trustee	$5,215

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$33K

$291 / participant

Investment mgmt$17K52.0%
Contract admin$11K32.3%
Other / not subdivided$5K15.7%

% of EOY assets

0.266%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$90,240

$81,474+10.8%

$133,959-32.6%

$73,493+22.8%

Participation rate

82.5%

76.4%+6.1pp

79.8%+2.6pp

70.7%+11.8pp

Annual return

11.99%

19.40%-7.4pp

45.09%-33.1pp

28.51%-16.5pp

Employer contribution / active EE

$1,747

$2,209-20.9%

$3,919-55.4%

$2,270-23.0%

Participant deferral / active EE

$3,452

$3,786-8.8%

$5,047-31.6%

$3,740-7.7%

Admin fee / account holder

$240

$713-66.3%

$8,928-97.3%

$513-53.2%

Provider

Service type

Compensation

MITCHELL, MCLEOD, PUGH & WILLIAMS6+ years

Filed as: MITCHELL MCLEOD PUGH & WILLIAMS INC

Service code 60 · EIN 20-3706574

Sub-TA Fees

$17,241

NEWPORT GROUP, INC.4 years

Service code 13 · EIN 27-2037969

Contract Administrator

$10,705

NEWPORT GROUP, INC.2 years

Filed as: NEWPORT TRUST COMPANY

Service code 21 · EIN 27-4411131

Bank Trustee

$5,215

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