Retirement plan

CULLMAN CABINET & SUPPLY CO. INC. PROFIT SHARING PLAN

Name: CULLMAN CABINET AND SUPPLY COMPANY, INC. - CULLMAN CABINET & SUPPLY CO. INC. PROFIT SHARING PLAN (2020) Form 5500
Creator: CULLMAN CABINET AND SUPPLY COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CULLMAN CABINET & SUPPLY CO. INC. PROFIT SHARING PLAN, CULLMAN CABINET AND SUPPLY COMPANY, INC.

CULLMAN CABINET AND SUPPLY COMPANY, INC.EIN 63-0596922Plan #001PY 2020

P O BOX 1150 - CULLMAN, AL 350561150256-734-1540cullmancabinet.comLinkedIn51-200 employeesfurniture

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$5.4M

+16.9% from 2019

Total participants

120

-1.6% from 2019

Average account balance

$44,996

+18.9% from 2019

Annual return

12.58%

-15.65 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.29M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

102

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.

81.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$360K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+22.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$535

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 1 by compensation

Provider	Service type	Compensation
WARREN AVERETT, LLC3 years Filed as: WARREN AVERETT ASSET MANAGEMENT Service code 15 · EIN 63-1229657 2500 ACTON ROAD · BIRMINGHAM, AL 35243	Recordkeeping	$47,267

Plan features & details

Pension benefit codes2E2G2J2F2T3D

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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$48K

$473 / participant

Investment mgmt$48K100.0%

% of EOY assets

0.893%

all-in expense ratio

Categories reported

1 / 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: WEAR HOWELL STRICKLAND QUINN & LAW
Auditor EIN: 630510739
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,996

$73,638-38.9%

$95,956-53.1%

$73,493-38.8%

Participation rate

100.0%

76.2%+23.8pp

77.1%+22.9pp

70.7%+29.3pp

Annual return

12.58%

16.78%-4.2pp

91.63%-79.1pp

28.51%-15.9pp

Employer contribution / active EE

$1,564

$1,863-16.1%

$2,541-38.5%

$2,270-31.1%

Participant deferral / active EE

$1,078

$3,617-70.2%

$4,167-74.1%

$3,740-71.2%

Admin fee / account holder

$402

$482-16.7%

$6,797-94.1%

$513-21.7%

Provider

Service type

Compensation

WARREN AVERETT, LLC3 years

Filed as: WARREN AVERETT ASSET MANAGEMENT

Service code 15 · EIN 63-1229657

2500 ACTON ROAD · BIRMINGHAM, AL 35243

Recordkeeping

$47,267

CULLMAN CABINET & SUPPLY CO. INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CULLMAN CABINET & SUPPLY CO. INC. 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