Retirement plan

MERRITT BROTHERS LUMBER CO. 401(K) PROFIT SHARING PLAN

Name: MERRITT BROTHERS LUMBER COMPANY, CO. - MERRITT BROTHERS LUMBER CO. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: MERRITT BROTHERS LUMBER COMPANY, CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MERRITT BROTHERS LUMBER CO. 401(K) PROFIT SHARING PLAN, MERRITT BROTHERS LUMBER COMPANY, CO.

MERRITT BROTHERS LUMBER COMPANY, CO.EIN 82-0289283Plan #002PY 2017

1122 HWY 2 - OLDTOWN, ID 83822208-437-2412

Prospect flagsLow returnsHigh feesLow participation

How to read this page

Total assets (EOY)

$3.2M

-44.9% from 2016

Total participants

-72.6% from 2016

Average account balance

$70,238

+134.0% from 2016

Annual return

-33.92%

-38.17 pp from 2016

Benchmarks

See 5,958 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,958 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.00M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

440.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$111K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+11.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2508

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
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Filed as: GREAT-WEST LIFE & ANNUITY COMPANY Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$22,102
LPL FINANCIAL3+ years Filed as: LPL FINANCIAL LLC Service code 55 PO BOX 509026 · SAN DIEGO, CA 92150	Other Commissions	$19,516
DA DAVIDSON & CO3+ years Service code 27 8 THIRD STREET NORTH · GREAT FALLS, MT 59401	Advisory (Plan)	$5,852
RANDALL & HURLEY, INC.1 year Filed as: RANDALL AND HURLEY, INC. Service code 13 1328 N WHITMAN LANE · LIBERTY LAKE, WA 99019	Contract Administrator	$2,863
LPL FINANCIAL1 year Filed as: FINANCIAL ADVOCATES INVESTMENT Service code 27 1601 COOPER POINT ROAD NW · OLYMPIA, WA 98502	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.

Expense breakdown

Schedule H Part II

Admin total

$22K

$425 / participant

Other / not subdivided$22K100.0%

% of EOY assets

0.699%

all-in expense ratio

Categories reported

0 / 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: MAGNUSON, MCHUGH & CO. P.A.
Auditor EIN: 820331228
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,238

$67,411+4.2%

$91,004-22.8%

$70,126+0.2%

Participation rate

67.3%

71.4%-4.1pp

75.6%-8.3pp

69.5%-2.2pp

Annual return

-33.92%

-40.16%+6.2pp

4.60%-38.5pp

73.15%-107.1pp

Employer contribution / active EE

$861

$1,786-51.8%

$2,456-65.0%

$2,343-63.3%

Participant deferral / active EE

$4,364

$2,823+54.6%

$3,548+23.0%

$3,332+31.0%

Admin fee / account holder

$491

$4,236-88.4%

$5,417-90.9%

$4,645-89.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Filed as: GREAT-WEST LIFE & ANNUITY COMPANY

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$22,102

LPL FINANCIAL3+ years

Filed as: LPL FINANCIAL LLC

Service code 55

PO BOX 509026 · SAN DIEGO, CA 92150

Other Commissions

$19,516

DA DAVIDSON & CO3+ years

Service code 27

8 THIRD STREET NORTH · GREAT FALLS, MT 59401

Advisory (Plan)

$5,852

RANDALL & HURLEY, INC.1 year

Filed as: RANDALL AND HURLEY, INC.

Service code 13

1328 N WHITMAN LANE · LIBERTY LAKE, WA 99019

Contract Administrator

$2,863

LPL FINANCIAL1 year

Filed as: FINANCIAL ADVOCATES INVESTMENT

Service code 27

1601 COOPER POINT ROAD NW · OLYMPIA, WA 98502

Advisory (Plan)

MERRITT BROTHERS LUMBER CO. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MERRITT BROTHERS LUMBER CO. 401(K) 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