Retirement plan

EMPLOYEE BENEFIT PLAN OF EMPIRE LUMBER CO.

Name: EMPIRE LUMBER CO. - EMPLOYEE BENEFIT PLAN OF EMPIRE LUMBER CO. (2020) Form 5500
Creator: EMPIRE LUMBER CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF EMPIRE LUMBER CO., EMPIRE LUMBER CO.

EMPIRE LUMBER CO.EIN 82-0237948Plan #001PY 2020

14 E MAIN AVE - SPOKANE, WA 992021620509-534-0266empirelumber.comLinkedIn1-10 employeespaper & forest products

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.8M

+17.4% from 2019

Total participants

-2.8% from 2019

Average account balance

$73,375

+22.8% from 2019

Annual return

15.91%

-1.80 pp from 2019

Benchmarks

See 5,720 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,720 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.37M

Not enough data

1 years with asset history on file

Average account balance

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

$104K

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.

122.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$295K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+15.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12190

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

1 tripped

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

$216K

$3601 / participant

Other / not subdivided$216K100.0%

% of EOY assets

4.461%

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

$73,375

$81,208-9.6%

$98,920-25.8%

$79,856-8.1%

Participation rate

95.0%

72.5%+22.5pp

76.0%+19.0pp

69.6%+25.4pp

Annual return

15.91%

60.99%-45.1pp

196.47%-180.6pp

31.71%-15.8pp

Employer contribution / active EE

$764

$1,960-61.0%

$2,689-71.6%

$2,471-69.1%

Participant deferral / active EE

$3,822

$3,265+17.1%

$4,245-10.0%

$3,741+2.2%

Admin fee / account holder

$3,273

$6,013-45.6%

$6,643-50.7%

$5,306-38.3%

EMPLOYEE BENEFIT PLAN OF EMPIRE LUMBER CO.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF EMPIRE LUMBER CO.

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