Retirement plan

NELSON BROTHERS, INC. EMPLOYEE CAPITAL ACCUMULATION 401(K) PLAN

Name: NELSON BROTHERS, INC. - NELSON BROTHERS, INC. EMPLOYEE CAPITAL ACCUMULATION 401(K) PLAN (2023) Form 5500
Creator: NELSON BROTHERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NELSON BROTHERS, INC. EMPLOYEE CAPITAL ACCUMULATION 401(K) PLAN, NELSON BROTHERS, INC.

NELSON BROTHERS, INC.EIN 63-0479482Plan #002PY 2023

820 SHADES CREEK PARKWAY, SUITE 2000 - BIRMINGHAM, AL 35209205-802-5344nelsonbrothers.comLinkedIn201-500 employeeschemicals

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$44.6M

-9.2% from 2022

Total participants

642

+8.6% from 2022

Average account balance

$73,625

-16.1% from 2022

Annual return

-5.08%

-9.30 pp from 2022

Benchmarks

See 205 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants250-999

Cohort205 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$54.84M

Not enough data

1 years with asset history on file

Average account balance

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

$90K

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.

608

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.

92.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.13M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+5.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$399

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 5 by compensation

Provider	Service type	Compensation
WARREN AVERETT, LLC6 years Service code 99 · EIN 45-4084437 2500 ACTON ROAD · BIRMINGHAM, AL 35243	Other Fees	$35,046
MURFEE MEADOWS, INC.8+ years Service code 49 · EIN 63-1086621 120 OFFICE PARK DRIVE · BIRMINGHAM, AL 35223	Other Services	$20,747
LEAFHOUSE FINANCIAL ADVISORS, LLC3 years Service code 99 · EIN 26-4311657	Other Fees	$18,751
MORNINGSTAR6 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381	Advisory (Participants)	$12,960
VOYA RETIREMENT INSURANCE & ANNUITY8+ years Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 26 · EIN 71-0294708 1 ORANGE WAY · WINDSOR, CT 06095	Advisory (Participants)	$12,960

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$216K

$473 / participant

Investment mgmt$158K73.3%
Contract admin$19K8.7%
Other / not subdivided$39K18.0%

% of EOY assets

0.484%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WARREN AVERETT, LLC
Auditor EIN: 454084437
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$73,625

$102,197-28.0%

$142,516-48.3%

$74,460-1.1%

Participation rate

92.1%

79.8%+12.3pp

76.8%+15.4pp

70.7%+21.4pp

Annual return

-5.08%

19.73%-24.8pp

19.99%-25.1pp

34.38%-39.5pp

Employer contribution / active EE

$2,929

$5,052-42.0%

$4,849-39.6%

$2,638+11.0%

Participant deferral / active EE

$4,679

$6,304-25.8%

$6,280-25.5%

$4,530+3.3%

Admin fee / account holder

$357

$186+91.9%

$10,008-96.4%

$348+2.6%

Provider

Service type

Compensation

WARREN AVERETT, LLC6 years

Service code 99 · EIN 45-4084437

2500 ACTON ROAD · BIRMINGHAM, AL 35243

Other Fees

$35,046

MURFEE MEADOWS, INC.8+ years

Service code 49 · EIN 63-1086621

120 OFFICE PARK DRIVE · BIRMINGHAM, AL 35223

Other Services

$20,747

LEAFHOUSE FINANCIAL ADVISORS, LLC3 years

Service code 99 · EIN 26-4311657

Other Fees

$18,751

MORNINGSTAR6 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-4317381

Advisory (Participants)

$12,960

VOYA RETIREMENT INSURANCE & ANNUITY8+ years

Filed as: VOYA RETIREMENT INSURANCE AND ANNUI

Service code 26 · EIN 71-0294708

1 ORANGE WAY · WINDSOR, CT 06095

Advisory (Participants)

$12,960

NELSON BROTHERS, INC. EMPLOYEE CAPITAL ACCUMULATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NELSON BROTHERS, INC. EMPLOYEE CAPITAL ACCUMULATION 401(K) 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