Retirement plan

SAMSILL CORPORATION EMPLOYEE 401(K) STOCK OWNERSHIP PLAN AND TRUST

Name: SAMSILL CORPORATION - SAMSILL CORPORATION EMPLOYEE 401(K) STOCK OWNERSHIP PLAN AND TRUST (2019) Form 5500
Creator: SAMSILL CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAMSILL CORPORATION EMPLOYEE 401(K) STOCK OWNERSHIP PLAN AND TRUST, SAMSILL CORPORATION

SAMSILL CORPORATIONEIN 75-1313873Plan #002PY 2019

5740 HARTMAN RD. - FORT WORTH, TX 761196234817-536-1906samsill.comLinkedIn51-200 employeesconsumer goods

Prospect flagsLow returnsHigh feesLow participationLow assets / participantLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$2.8M

-14.1% from 2018

Total participants

144

-0.7% from 2018

Average account balance

$25,613

-14.1% from 2018

Annual return

-6.68%

-19.92 pp from 2018

Benchmarks

See 14,957 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,957 peers

Snapshot2019

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.26M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

89.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$88K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+11.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7065

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
TURNER, STONE & COMPANY3+ years Service code 10 · EIN 75-2608885	Accounting	$16,250
NOVA 401(K) ASSOCIATES4+ years Filed as: NOVA 401K ASSOCIATES Service code 10 · EIN 20-1181458	Accounting	$14,363
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290	Contract Administrator	$7,036
MERRILL LYNCH PIERCE FENNER & SMITH3+ years Filed as: MERRILL LYNCH LIFE AGENCY INC Service code 49 · EIN 13-2808480	Other Services	$5,866
WILSHIRE ASSOCIATES INCORPORATED4+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2H2J2K2T2O

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
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

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$40K

$416 / participant

Other / not subdivided$40K100.0%

% of EOY assets

1.392%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: TURNER, STONE & COMPANY, L.L.P.
Auditor EIN: 752608885
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,613

$72,492-64.7%

$87,100-70.6%

$72,985-64.9%

Participation rate

65.3%

72.8%-7.5pp

76.9%-11.6pp

69.5%-4.2pp

Annual return

-6.68%

24.46%-31.1pp

28.19%-34.9pp

81.00%-87.7pp

Employer contribution / active EE

$1,894-100.0%

$2,521-100.0%

$2,440-100.0%

Participant deferral / active EE

$1,635

$3,270-50.0%

$4,049-59.6%

$3,607-54.7%

Admin fee / account holder

$356

$5,055-92.9%

$7,497-95.2%

$5,124-93.0%

Provider

Service type

Compensation

TURNER, STONE & COMPANY3+ years

Service code 10 · EIN 75-2608885

Accounting

$16,250

NOVA 401(K) ASSOCIATES4+ years

Filed as: NOVA 401K ASSOCIATES

Service code 10 · EIN 20-1181458

Accounting

$14,363

PRINCIPAL LIFE INSURANCE COMPANY4+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$7,036

MERRILL LYNCH PIERCE FENNER & SMITH3+ years

Filed as: MERRILL LYNCH LIFE AGENCY INC

Service code 49 · EIN 13-2808480

Other Services

$5,866

WILSHIRE ASSOCIATES INCORPORATED4+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

SAMSILL CORPORATION EMPLOYEE 401(K) STOCK OWNERSHIP PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAMSILL CORPORATION EMPLOYEE 401(K) STOCK OWNERSHIP PLAN AND TRUST

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