Retirement plan

HUFFMAN - WRIGHT GROUP OF COMPANIES EMPLOYEE SAVINGS PLAN

Name: HUFFMAN & WRIGHT LOGGING CO., INC. - HUFFMAN - WRIGHT GROUP OF COMPANIES EMPLOYEE SAVINGS PLAN (2024) 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 2024

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

Prospect flagsLow returnsHigh feesLow participation

How to read this page

Total assets (EOY)

$1.9M

+4.2% from 2023

Total participants

-1.7% from 2023

Average account balance

$56,283

+10.5% from 2023

Annual return

9.89%

-2.77 pp from 2023

Benchmarks

See 2,341 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants25-99

Cohort2,341 peers

Snapshot2024

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

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

Expense breakdown

Schedule H Part II

Admin total

$174K

$3703 / participant

Other / not subdivided$174K100.0%

% of EOY assets

9.369%

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

$56,283

$68,586-17.9%

$120,380-53.2%

$80,911-30.4%

Participation rate

44.7%

61.6%-16.9pp

71.9%-27.2pp

67.6%-23.0pp

Annual return

9.89%

23.62%-13.7pp

107.28%-97.4pp

35.63%-25.7pp

Employer contribution / active EE

$2,053-100.0%

$3,465-100.0%

$2,756-100.0%

Participant deferral / active EE

$1,155

$3,174-63.6%

$4,992-76.9%

$4,297-73.1%

Admin fee / account holder

$5,273

$5,733-8.0%

$9,421-44.0%

$6,935-24.0%

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