Retirement plan

VAAGEN BROS LUMBER INC 401(K) SAVINGS PLAN AND TRUST

Name: VAAGEN BROS LUMBER INC - VAAGEN BROS LUMBER INC 401(K) SAVINGS PLAN AND TRUST (2020) Form 5500
Creator: VAAGEN BROS LUMBER INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VAAGEN BROS LUMBER INC 401(K) SAVINGS PLAN AND TRUST, VAAGEN BROS LUMBER INC

VAAGEN BROS LUMBER INCEIN 91-0862262Plan #001PY 2020

565 W 5TH - COLVILLE, WA 991142113509-684-5071

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$18.6M

+17.7% from 2019

Total participants

396

+10.9% from 2019

Average account balance

$51,492

+0.4% from 2019

Annual return

11.85%

-10.54 pp from 2019

Benchmarks

See 275 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants250-999

Cohort275 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.85M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

272

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.

95.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$310

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 3 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS2 years Filed as: TRANSAMERICA FINANCIAL LIFE INS. CO Service code 15 · EIN 36-6071399	Recordkeeping	$35,051
MERRILL LYNCH PIERCE FENNER & SMITH4 years Filed as: MERRILL LYNCH Service code 27 · EIN 13-2808480	Advisory (Plan)	$20,594
RANDALL & HURLEY, INC.6+ years Service code 15 · EIN 91-1661080 1328 N. WHITMAN LANE · LIBERTY LAKE, WA 99019	Recordkeeping	$2,400

Plan features & details

Pension benefit codes2E2G2J2K2F3D

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.
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

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

$58K

$204 / participant

Investment mgmt$56K95.9%
Other / not subdivided$2K4.1%

% of EOY assets

0.312%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,492

$58,101-11.4%

$118,914-56.7%

$73,412-29.9%

Participation rate

87.7%

56.1%+31.6pp

75.4%+12.3pp

72.2%+15.5pp

Annual return

11.85%

20.56%-8.7pp

35.89%-24.0pp

59.30%-47.4pp

Employer contribution / active EE

$785

$1,445-45.7%

$3,264-75.9%

$2,234-64.8%

Participant deferral / active EE

$3,607

$2,400+50.3%

$4,266-15.5%

$3,806-5.2%

Admin fee / account holder

$161

$138+16.4%

$6,582-97.6%

$158+1.8%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2 years

Filed as: TRANSAMERICA FINANCIAL LIFE INS. CO

Service code 15 · EIN 36-6071399

Recordkeeping

$35,051

MERRILL LYNCH PIERCE FENNER & SMITH4 years

Filed as: MERRILL LYNCH

Service code 27 · EIN 13-2808480

Advisory (Plan)

$20,594

RANDALL & HURLEY, INC.6+ years

Service code 15 · EIN 91-1661080

1328 N. WHITMAN LANE · LIBERTY LAKE, WA 99019

Recordkeeping

$2,400

VAAGEN BROS LUMBER INC 401(K) SAVINGS PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VAAGEN BROS LUMBER INC 401(K) SAVINGS 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