Retirement plan

TUMAC LUMBER CO., INC. PROFIT SHARING TRUST

Name: TUMAC LUMBER CO., INC. - TUMAC LUMBER CO., INC. PROFIT SHARING TRUST (2020) Form 5500
Creator: TUMAC LUMBER CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TUMAC LUMBER CO., INC. PROFIT SHARING TRUST, TUMAC LUMBER CO., INC.

TUMAC LUMBER CO., INC.EIN 93-0474459Plan #001PY 2020

16821 S.E. MCGILLIVRAY BLVD, SUITE 204 - VANCOUVER, WA 98683503-226-6661LinkedIn1-10 employeesinternational trade and development

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$24.9M

+4.6% from 2019

Total participants

137

+4.6% from 2019

Average account balance

$197,751

+1.2% from 2019

Annual return

3.57%

-6.94 pp from 2019

Benchmarks

See 2,271 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,271 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$37.24M

Not enough data

1 years with asset history on file

Average account balance

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

$296K

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.

126

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.

94.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.68M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+15.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$651

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 4 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.5+ years Service code 13 · EIN 27-2037969	Contract Administrator	$26,847
RVK, INC.5+ years Filed as: RV KUHNS & ASSOCIATES, INC. Service code 27 · EIN 93-0910652	Advisory (Plan)	$22,500
MOSS ADAMS LLP1 year Service code 10 · EIN 91-0189318	Accounting	$13,000
NEWPORT GROUP, INC.1 year Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131	Bank Trustee	$8,754

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

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

$71K

$684 / participant

Investment mgmt$23K31.6%
Contract admin$27K37.8%
Other / not subdivided$22K30.6%

% of EOY assets

0.285%

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: MOSS ADAMS, LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$197,751

$81,474+142.7%

$133,971+47.6%

$73,493+169.1%

Participation rate

89.4%

76.4%+13.1pp

79.8%+9.6pp

70.7%+18.7pp

Annual return

3.57%

19.40%-15.8pp

45.09%-41.5pp

28.51%-24.9pp

Employer contribution / active EE

$8,922

$2,209+303.8%

$3,919+127.7%

$2,270+293.0%

Participant deferral / active EE

$5,766

$3,786+52.3%

$5,047+14.2%

$3,740+54.2%

Admin fee / account holder

$564

$713-20.9%

$8,929-93.7%

$513+10.0%

Provider

Service type

Compensation

NEWPORT GROUP, INC.5+ years

Service code 13 · EIN 27-2037969

Contract Administrator

$26,847

RVK, INC.5+ years

Filed as: RV KUHNS & ASSOCIATES, INC.

Service code 27 · EIN 93-0910652

Advisory (Plan)

$22,500

MOSS ADAMS LLP1 year

Service code 10 · EIN 91-0189318

Accounting

$13,000

NEWPORT GROUP, INC.1 year

Filed as: NEWPORT TRUST COMPANY

Service code 21 · EIN 27-4411131

Bank Trustee

$8,754

TUMAC LUMBER CO., INC. PROFIT SHARING TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TUMAC LUMBER CO., INC. PROFIT SHARING 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