Retirement plan

HUFFMAN - WRIGHT GROUP OF COMPANIES EMPLOYEE SAVINGS PLAN

Name: HUFFMAN & WRIGHT LOGGING CO., INC. - HUFFMAN - WRIGHT GROUP OF COMPANIES EMPLOYEE SAVINGS PLAN (2020) Form 5500
Creator: HUFFMAN & WRIGHT LOGGING CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HUFFMAN - WRIGHT GROUP OF COMPANIES EMPLOYEE SAVINGS PLAN, HUFFMAN & WRIGHT LOGGING CO., INC.

HUFFMAN & WRIGHT LOGGING CO., INC.EIN 93-0577250Plan #002PY 2020

P. O. BOX 910 - CANYONVILLE, OR 974170910541-839-4251huffmanwright.openfos.comLinkedIn51-200 employees

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$1.9M

+10.6% from 2019

Total participants

-3.4% from 2019

Average account balance

$41,433

+10.6% from 2019

Annual return

11.51%

-4.80 pp from 2019

Benchmarks

See 1,943 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants25-99

Cohort1,943 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.87M

Not enough data

1 years with asset history on file

Average account balance

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

$64K

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.

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.

72.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$50K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+12.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9746

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$120K

$1594 / participant

Other / not subdivided$120K100.0%

% of EOY assets

6.271%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,433

$64,324-35.6%

$118,946-65.2%

$79,852-48.1%

Participation rate

46.7%

64.9%-18.2pp

75.4%-28.7pp

69.6%-23.0pp

Annual return

11.51%

86.45%-74.9pp

35.89%-24.4pp

31.72%-20.2pp

Employer contribution / active EE

$1,836-100.0%

$3,263-100.0%

$2,471-100.0%

Participant deferral / active EE

$1,146

$2,824-59.4%

$4,266-73.1%

$3,740-69.4%

Admin fee / account holder

$2,598

$4,040-35.7%

$6,581-60.5%

$5,306-51.0%

HUFFMAN - WRIGHT GROUP OF COMPANIES EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HUFFMAN - WRIGHT GROUP OF COMPANIES EMPLOYEE SAVINGS 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