Retirement plan

HUNTWOOD INDUSTRIES 401(K) PLAN

Name: T.R.A. INDUSTRIES, INC. DBA HUNTWOOD INDUSTRIES - HUNTWOOD INDUSTRIES 401(K) PLAN (2020) Form 5500
Creator: T.R.A. INDUSTRIES, INC. DBA HUNTWOOD INDUSTRIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HUNTWOOD INDUSTRIES 401(K) PLAN, T.R.A. INDUSTRIES, INC. DBA HUNTWOOD INDUSTRIES

T.R.A. INDUSTRIES, INC. DBA HUNTWOOD INDUSTRIESEIN 91-1407983Plan #001PY 2020

23800 EAST APPLEWAY AVENUE - LIBERTY LAKE, WA 99019509-924-5858LinkedIn201-500 employeespaper & forest products

Prospect flagsLow returnsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$2.2M

+5.5% from 2019

Total participants

524

+1.7% from 2019

Average account balance

-100.0% from 2019

Annual return

11.18%

-4.91 pp from 2019

Benchmarks

See 1,160 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,160 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.17M

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

314

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.

37.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.11M

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

+9.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$170

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.3 years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 34-1542819	Advisory (Plan)	$7,870
LINCOLN NATIONAL CORPORATION3 years Service code 13 · EIN 35-1140070	Contract Administrator	$4,049
PROFESSIONAL BENEFIT SERVICES2 years Service code 15 · EIN 93-0998477	Recordkeeping	$765

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D

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.
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

3 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.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$13K

$26 / participant

Other / not subdivided$13K100.0%

% of EOY assets

0.580%

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

$85,135-100.0%

$98,920-100.0%

$73,412-100.0%

Participation rate

0.0%

81.1%-81.1pp

76.0%-76.0pp

72.2%-72.2pp

Annual return

11.18%

19.14%-8.0pp

196.47%-185.3pp

59.30%-48.1pp

Employer contribution / active EE

$2,721-100.0%

$2,689-100.0%

$2,234-100.0%

Participant deferral / active EE

$359

$4,349-91.8%

$4,245-91.5%

$3,806-90.6%

Admin fee / account holder

$139-100.0%

$6,643-100.0%

$158-100.0%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.3 years

Filed as: WELLS FARGO ADVISORS

Service code 27 · EIN 34-1542819

Advisory (Plan)

$7,870

LINCOLN NATIONAL CORPORATION3 years

Service code 13 · EIN 35-1140070

Contract Administrator

$4,049

PROFESSIONAL BENEFIT SERVICES2 years

Service code 15 · EIN 93-0998477

Recordkeeping

$765

HUNTWOOD INDUSTRIES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HUNTWOOD INDUSTRIES 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