Retirement plan

MASONITE SAVINGS PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES

Name: MASONITE CORPORATION - MASONITE SAVINGS PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES (2017) Form 5500
Creator: MASONITE CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MASONITE SAVINGS PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES, MASONITE CORPORATION

MASONITE CORPORATIONEIN 64-0198020Plan #102PY 2017

ONE TAMPA CITY CENTER, 201 N. FRANKLIN STREET, SUITE 300 - TAMPA, FL 33602866-554-4054birchwoodbest.comLinkedIn10001+ employeesbuilding materials

Other plans on this EIN

2 filings

#101Retirement-$170.4M assets #100Retirement-$97.7M assets

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$54.3M

-7.3% from 2016

Total participants

1,022

-5.0% from 2016

Average account balance

$74,097

-6.1% from 2016

Annual return

13.91%

-7.78 pp from 2016

Benchmarks

See 1,152 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,152 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.86M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

396

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.

46.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.21M

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

+11.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$144

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 7 by compensation

Provider	Service type	Compensation
AFS ADVISORS, LLC3+ years Filed as: AFS ADVISORS LLC Service code 28 · EIN 27-4398433	Investment Management	$16,500
CHARLES SCHWAB & CO., INC.3+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$14,345
WINDHAM BRANNON3+ years Filed as: WINDHAM BRANNON PC Service code 28 · EIN 58-1763439	Investment Management	$13,500
HILL WARD HENDERSON3+ years Filed as: HILL WARD HENDERSON PA Service code 29 · EIN 59-2678550	Legal	$8,616
CHARLES SCHWAB & CO., INC.3+ years Filed as: CHARLES SCHWAB & CO INC AND AFFILIA Service code 59	Shareholder Servicing	$0
CHARLES SCHWAB & CO., INC.3+ years Filed as: CHARLES SCHWAB & CO., INC Service code 59 · EIN 94-1737782	Shareholder Servicing	$0
CHARLES SCHWAB & CO., INC.3+ years Filed as: CHARLES SCHWAB BANK Service code 25 · EIN 42-1558009	Directed Trustee	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$53K

$59 / participant

Investment mgmt$30K56.6%
Other / not subdivided$23K43.4%

% of EOY assets

0.098%

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: WINDHAM BRANNON PC
Auditor EIN: 581763439
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,097

$75,284-1.6%

$91,004-18.6%

$69,634+6.4%

Participation rate

68.0%

80.4%-12.4pp

75.6%-7.6pp

70.7%-2.7pp

Annual return

13.91%

48.40%-34.5pp

4.60%+9.3pp

27572.26%-27558.4pp

Employer contribution / active EE

$1,511

$2,473-38.9%

$2,456-38.5%

$2,032-25.6%

Participant deferral / active EE

$2,035

$3,700-45.0%

$3,548-42.6%

$3,224-36.9%

Admin fee / account holder

$72

$111-34.7%

$5,417-98.7%

$110-34.6%

Provider

Service type

Compensation

AFS ADVISORS, LLC3+ years

Filed as: AFS ADVISORS LLC

Service code 28 · EIN 27-4398433

Investment Management

$16,500

CHARLES SCHWAB & CO., INC.3+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$14,345

WINDHAM BRANNON3+ years

Filed as: WINDHAM BRANNON PC

Service code 28 · EIN 58-1763439

Investment Management

$13,500

HILL WARD HENDERSON3+ years

Filed as: HILL WARD HENDERSON PA

Service code 29 · EIN 59-2678550

Legal

$8,616

CHARLES SCHWAB & CO., INC.3+ years

Filed as: CHARLES SCHWAB & CO INC AND AFFILIA

Service code 59

Shareholder Servicing

CHARLES SCHWAB & CO., INC.3+ years

Filed as: CHARLES SCHWAB & CO., INC

Service code 59 · EIN 94-1737782

Shareholder Servicing

CHARLES SCHWAB & CO., INC.3+ years

Filed as: CHARLES SCHWAB BANK

Service code 25 · EIN 42-1558009

Directed Trustee

MASONITE SAVINGS PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MASONITE SAVINGS PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES

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