Retirement plan

TUMAC LUMBER CO., INC. PROFIT SHARING TRUST

Name: TUMAC LUMBER CO., INC. - TUMAC LUMBER CO., INC. PROFIT SHARING TRUST (2022) 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 2022

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$25.3M

-17.7% from 2021

Total participants

133

-6.3% from 2021

Average account balance

$200,872

-11.1% from 2021

Annual return

-16.72%

-39.12 pp from 2021

Benchmarks

See 9,164 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,164 peers

Snapshot2022

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
RVK, INC.7+ years Filed as: RV KUHNS & ASSOCIATES, INC. Service code 27 · EIN 93-0910652	Advisory (Plan)	$30,683
NEWPORT GROUP, INC.7+ years Service code 13 · EIN 27-2037969	Contract Administrator	$23,445
MOSS ADAMS LLP2 years Filed as: MOSS ADAMS, LLP Service code 10 · EIN 91-0189318	Accounting	$13,800
NEWPORT GROUP, INC.3 years Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131	Bank Trustee	$6,258

Plan features & details

Pension benefit codes2E2F2G2J3D3F3H

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$74K

$789 / participant

Investment mgmt$31K41.4%
Contract admin$23K31.6%
Other / not subdivided$20K27.0%

% of EOY assets

0.293%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$200,872

$81,870+145.4%

$119,622+67.9%

$68,486+193.3%

Participation rate

92.6%

71.9%+20.7pp

79.3%+13.3pp

67.9%+24.7pp

Annual return

-16.72%

-23.82%+7.1pp

-14.98%-1.7pp

-7.85%-8.9pp

Employer contribution / active EE

$10,274

$2,692+281.7%

$4,232+142.8%

$2,597+295.7%

Participant deferral / active EE

$8,752

$4,148+111.0%

$5,601+56.3%

$4,028+117.3%

Admin fee / account holder

$589

$6,583-91.1%

$10,328-94.3%

$5,404-89.1%

Provider

Service type

Compensation

RVK, INC.7+ years

Filed as: RV KUHNS & ASSOCIATES, INC.

Service code 27 · EIN 93-0910652

Advisory (Plan)

$30,683

NEWPORT GROUP, INC.7+ years

Service code 13 · EIN 27-2037969

Contract Administrator

$23,445

MOSS ADAMS LLP2 years

Filed as: MOSS ADAMS, LLP

Service code 10 · EIN 91-0189318

Accounting

$13,800

NEWPORT GROUP, INC.3 years

Filed as: NEWPORT TRUST COMPANY

Service code 21 · EIN 27-4411131

Bank Trustee

$6,258

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