Retirement plan

EMPLOYEE BENEFIT PLAN OF GENERAL MILL SUPPLIES, INC.

Name: GENERAL MILL SUPPLIES, INC. - EMPLOYEE BENEFIT PLAN OF GENERAL MILL SUPPLIES, INC. (2019) Form 5500
Creator: GENERAL MILL SUPPLIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF GENERAL MILL SUPPLIES, INC., GENERAL MILL SUPPLIES, INC.

GENERAL MILL SUPPLIES, INC.EIN 72-0364862Plan #002PY 2019

751 HILL ST - JEFFERSON, LA 701211017504-736-0404generalmill.comLinkedIn11-50 employeesoil & energy

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$623K

-21.9% from 2018

Total participants

+15.4% from 2018

Average account balance

$41,527

-32.3% from 2018

Annual return

14.52%

+20.87 pp from 2018

Benchmarks

See 8,240 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,240 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$944K

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

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.

36.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$68K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+9.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1996

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2T3D

Plan features

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.
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 employer contribution
Employer 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

$362K

$25877 / participant

Other / not subdivided$362K100.0%

% of EOY assets

58.159%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,527

$116,175-64.3%

$93,609-55.6%

$152,870-72.8%

Participation rate

100.0%

78.0%+22.0pp

75.8%+24.2pp

82.4%+17.6pp

Annual return

14.52%

35.96%-21.4pp

32.76%-18.2pp

345.34%-330.8pp

Employer contribution / active EE

$3,218-100.0%

$2,718-100.0%

$4,763-100.0%

Participant deferral / active EE

$5,162

$4,603+12.1%

$4,069+26.9%

$5,850-11.8%

Admin fee / account holder

$24,152

$10,748+124.7%

$7,889+206.2%

$11,597+108.3%

EMPLOYEE BENEFIT PLAN OF GENERAL MILL SUPPLIES, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF GENERAL MILL SUPPLIES, INC.

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