Retirement plan

OLSON'S GREENHOUSE GARDENS, INC. 401(K) SALARY REDUCTION PLAN AND TRUST

Name: OLSON'S GREENHOUSE GARDENS, INC. - OLSON'S GREENHOUSE GARDENS, INC. 401(K) SALARY REDUCTION PLAN AND TRUST (2017) Form 5500
Creator: OLSON'S GREENHOUSE GARDENS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OLSON'S GREENHOUSE GARDENS, INC. 401(K) SALARY REDUCTION PLAN AND TRUST, OLSON'S GREENHOUSE GARDENS, INC.

OLSON'S GREENHOUSE GARDENS, INC.EIN 87-0476265Plan #002PY 2017

PO BOX 1247 - SALEM, UT 84653801-806-9099ogg.comLinkedIn51-200 employees

Prospect flagsLow participationLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.4M

No prior year

Total participants

254

No prior year

Average account balance

$31,964

No prior year

Annual return

16.62%

No prior year

Benchmarks

See 411 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort411 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.52M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

235

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.

32.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.10M

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

+9.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$353

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
BUCKINGHAM STRATEGIC PARTNERS1+ years Filed as: BUCKINGHAM ASSET MANAGEMENT Service code 26 · EIN 87-0343246	Advisory (Participants)	$25,004
NEWPORT GROUP, INC.1+ years Service code 13 · EIN 27-2037969	Contract Administrator	$12,816

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$40K

$172 / participant

Investment mgmt$25K63.1%
Contract admin$13K32.4%
Other / not subdivided$2K4.5%

% of EOY assets

0.898%

all-in expense ratio

Categories reported

2 / 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: COOK MARTIN, POULSON P.C.
Auditor EIN: 870517946
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,964

$54,368-41.2%

$117,039-72.7%

$62,293-48.7%

Participation rate

49.6%

64.9%-15.4pp

77.2%-27.6pp

69.5%-20.0pp

Annual return

16.62%

21.77%-5.2pp

18.95%-2.3pp

28.90%-12.3pp

Employer contribution / active EE

$952

$1,692-43.8%

$3,785-74.9%

$2,042-53.4%

Participant deferral / active EE

$1,520

$2,269-33.0%

$3,929-61.3%

$3,169-52.0%

Admin fee / account holder

$287

$493-41.8%

$5,974-95.2%

$479-40.1%

Provider

Service type

Compensation

BUCKINGHAM STRATEGIC PARTNERS1+ years

Filed as: BUCKINGHAM ASSET MANAGEMENT

Service code 26 · EIN 87-0343246

Advisory (Participants)

$25,004

NEWPORT GROUP, INC.1+ years

Service code 13 · EIN 27-2037969

Contract Administrator

$12,816

OLSON'S GREENHOUSE GARDENS, INC. 401(K) SALARY REDUCTION PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OLSON'S GREENHOUSE GARDENS, INC. 401(K) SALARY REDUCTION 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