Retirement plan

EASTERN WHOLESALE FENCE, LLC 401(K) PLAN

Name: EASTERN WHOLESALE FENCE, LLC - EASTERN WHOLESALE FENCE, LLC 401(K) PLAN (2021) Form 5500
Creator: EASTERN WHOLESALE FENCE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EASTERN WHOLESALE FENCE, LLC 401(K) PLAN, EASTERN WHOLESALE FENCE, LLC

EASTERN WHOLESALE FENCE, LLCEIN 82-0906793Plan #002PY 2021

274 MIDDLE ISLAND ROAD - MEDFORD, NY 11763631-698-0975easternfence.comLinkedIn201-500 employeesbuilding materials

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$10.7M

+30.4% from 2020

Total participants

486

+28.6% from 2020

Average account balance

$40,033

+27.4% from 2020

Annual return

13.95%

+4.03 pp from 2020

Benchmarks

See 1,172 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,172 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.35M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

283

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.

39.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.95M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$271

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
CJM WEALTH MANAGEMENT5+ years Service code 26 724 LONG ISLAND AVE · DEER CREEK, NY 11729	Advisory (Participants)	$39,321
NEWPORT GROUP, INC.4 years Service code 13 · EIN 27-2037969	Contract Administrator	$8,630

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$48K

$108 / participant

Investment mgmt$39K82.0%
Contract admin$9K18.0%

% of EOY assets

0.449%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MARCUM LLP
Auditor EIN: 111986323
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,033

$93,131-57.0%

$106,554-62.4%

$86,821-53.9%

Participation rate

50.7%

81.4%-30.8pp

76.1%-25.5pp

72.3%-21.6pp

Annual return

13.95%

19.45%-5.5pp

26.80%-12.9pp

97.94%-84.0pp

Employer contribution / active EE

$1,103

$2,895-61.9%

$2,819-60.9%

$2,406-54.2%

Participant deferral / active EE

$2,178

$4,708-53.7%

$4,398-50.5%

$4,132-47.3%

Admin fee / account holder

$180

$145+23.8%

$7,408-97.6%

$170+5.9%

Provider

Service type

Compensation

CJM WEALTH MANAGEMENT5+ years

Service code 26

724 LONG ISLAND AVE · DEER CREEK, NY 11729

Advisory (Participants)

$39,321

NEWPORT GROUP, INC.4 years

Service code 13 · EIN 27-2037969

Contract Administrator

$8,630

EASTERN WHOLESALE FENCE, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EASTERN WHOLESALE FENCE, LLC 401(K) 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