Retirement plan

J. FRANK SCHMIDT & SON CO. 401K PROFIT SHARING PLAN

Name: J. FRANK SCHMIDT & SON CO. - J. FRANK SCHMIDT & SON CO. 401K PROFIT SHARING PLAN (2021) Form 5500
Creator: J. FRANK SCHMIDT & SON CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, J. FRANK SCHMIDT & SON CO. 401K PROFIT SHARING PLAN, J. FRANK SCHMIDT & SON CO.

J. FRANK SCHMIDT & SON CO.EIN 93-0479869Plan #001PY 2021

PO BOX 189 - BORING, OR 97009503-663-4128jfschmidt.comLinkedIn501-1000 employeesfarming

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed September 2, 2008 (most recent of 5 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$11.8M

+11.7% from 2020

Total participants

377

-4.6% from 2020

Average account balance

$33,899

+20.3% from 2020

Annual return

15.67%

+7.47 pp from 2020

Benchmarks

See 275 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants250-999

Cohort275 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.71M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

315

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.

94.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.36M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$178

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 5 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.1 year Filed as: MILLIMAN Service code 64 · EIN 91-0675641 1000 N. CENTRAL EXPRESSWAY · DALLAS, TX 752314177	Recordkeeping Fees	$32,979
PACIFIC HABITAT SERVICES1 year Service code 99 9450 SW COMMERCE CIRCLE, STE 180 · WILSONVILLE, OR 97070	Other Fees	$22,875
WELLS FARGO BANK, N.A.5 years Filed as: WELLS FARGO Service code 51 · EIN 34-1542819 ONE NORTH JEFFERSON AVENUE · SAINT LOUIS, MO 63103	Investment Mgmt Fees	$14,283
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB Service code 51 · EIN 94-1737782 121 SW MORRISON ST · PORTLAND, OR 97204	Investment Mgmt Fees	$13,046
ALDRICH WEALTH LIMITED PARTNERSHIP1 year Filed as: ALDRICH CPAS AND ADVISORS LLP Service code 10 · EIN 93-0623286 PO BOX 35142 LB #1035 · SEATTLE, WA 981245142	Accounting	$6,525

Plan features & details

Pension benefit codes2E2H2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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

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

$135K

$414 / participant

Investment mgmt$33K24.5%
Other / not subdivided$102K75.5%

% of EOY assets

1.140%

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: ALDRICH CPA'S & ADVISORS
Auditor EIN: 930623286
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,899

$62,581-45.8%

$124,694-72.8%

$86,821-61.0%

Participation rate

91.4%

56.9%+34.6pp

74.6%+16.8pp

72.3%+19.1pp

Annual return

15.67%

26.67%-11.0pp

5144.82%-5129.2pp

97.94%-82.3pp

Employer contribution / active EE

$1,458

$1,604-9.1%

$3,325-56.2%

$2,406-39.4%

Participant deferral / active EE

$1,982

$2,725-27.3%

$4,615-57.1%

$4,132-52.0%

Admin fee / account holder

$386

$170+127.8%

$7,495-94.8%

$170+127.9%

Provider

Service type

Compensation

MILLIMAN, INC.1 year

Filed as: MILLIMAN

Service code 64 · EIN 91-0675641

1000 N. CENTRAL EXPRESSWAY · DALLAS, TX 752314177

Recordkeeping Fees

$32,979

PACIFIC HABITAT SERVICES1 year

Service code 99

9450 SW COMMERCE CIRCLE, STE 180 · WILSONVILLE, OR 97070

Other Fees

$22,875

WELLS FARGO BANK, N.A.5 years

Filed as: WELLS FARGO

Service code 51 · EIN 34-1542819

ONE NORTH JEFFERSON AVENUE · SAINT LOUIS, MO 63103

Investment Mgmt Fees

$14,283

CHARLES SCHWAB & CO., INC.4 years

Filed as: CHARLES SCHWAB

Service code 51 · EIN 94-1737782

121 SW MORRISON ST · PORTLAND, OR 97204

Investment Mgmt Fees

$13,046

ALDRICH WEALTH LIMITED PARTNERSHIP1 year

Filed as: ALDRICH CPAS AND ADVISORS LLP

Service code 10 · EIN 93-0623286

PO BOX 35142 LB #1035 · SEATTLE, WA 981245142

Accounting

$6,525

J. FRANK SCHMIDT & SON CO. 401K PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

J. FRANK SCHMIDT & SON CO. 401K PROFIT SHARING PLAN

Top hat statement on fileNQDC

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