Retirement plan

ECONOMY LUMBER YARD, INC. PROFIT SHARING PLAN

Name: ECONOMY LUMBER YARD, INC. - ECONOMY LUMBER YARD, INC. PROFIT SHARING PLAN (2016) Form 5500
Creator: ECONOMY LUMBER YARD, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ECONOMY LUMBER YARD, INC. PROFIT SHARING PLAN, ECONOMY LUMBER YARD, INC.

ECONOMY LUMBER YARD, INC.EIN 74-1361488Plan #001PY 2016

1202 HALLMARK, SUITE 106 - SAN ANTONIO, TX 78216210-525-1365LinkedIn51-200 employeesbuilding materials

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$2M

+7.4% from 2015

Total participants

+7.9% from 2015

Average account balance

$20,483

-2.6% from 2015

Annual return

6.90%

+5.49 pp from 2015

Benchmarks

See 9,492 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,492 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.65M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

110.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$125K

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

+14.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3271

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 codes2E2F2G2T3D

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.
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

$55K

$633 / participant

Other / not subdivided$55K100.0%

% of EOY assets

2.799%

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

$20,483

$48,364-57.6%

$71,796-71.5%

$62,881-67.4%

Participation rate

100.0%

60.6%+39.4pp

69.1%+30.9pp

69.3%+30.7pp

Annual return

6.90%

13.16%-6.3pp

78.04%-71.1pp

20.14%-13.2pp

Employer contribution / active EE

$747

$1,042-28.3%

$1,924-61.2%

$2,281-67.2%

Participant deferral / active EE

$2,091-100.0%

$2,794-100.0%

$3,203-100.0%

Admin fee / account holder

$573

$3,771-84.8%

$4,815-88.1%

$4,296-86.7%

ECONOMY LUMBER YARD, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ECONOMY LUMBER YARD, 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