Retirement plan

THE MILLER TIMBER SERVICES INC RETIREMENT PLAN

Name: MILLER TIMBER SERVICES, INC. - THE MILLER TIMBER SERVICES INC RETIREMENT PLAN (2022) Form 5500
Creator: MILLER TIMBER SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE MILLER TIMBER SERVICES INC RETIREMENT PLAN, MILLER TIMBER SERVICES, INC.

MILLER TIMBER SERVICES, INC.EIN 93-0771356Plan #002PY 2022

PO BOX 638 - PHILOMATH, OR 97370541-929-2840millertimber.comLinkedIn201-500 employeesenvironmental services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.9M

-15.1% from 2021

Total participants

108

+0.9% from 2021

Average account balance

$45,302

-15.9% from 2021

Annual return

-15.95%

-33.76 pp from 2021

Benchmarks

See 2,278 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants25-99

Cohort2,278 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.59M

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

82.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$386K

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

+10.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$20129

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 codes2E2J2H3H

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.
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

$303K

$4333 / participant

Other / not subdivided$303K100.0%

% of EOY assets

6.200%

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

$45,302

$56,339-19.6%

$104,299-56.6%

$68,490-33.9%

Participation rate

100.0%

63.3%+36.7pp

73.3%+26.7pp

67.9%+32.1pp

Annual return

-15.95%

-9.19%-6.8pp

24.62%-40.6pp

-7.85%-8.1pp

Employer contribution / active EE

$1,960-100.0%

$3,373-100.0%

$2,597-100.0%

Participant deferral / active EE

$4,383

$3,077+42.4%

$4,626-5.2%

$4,028+8.8%

Admin fee / account holder

$2,809

$4,902-42.7%

$7,339-61.7%

$5,403-48.0%

THE MILLER TIMBER SERVICES INC RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE MILLER TIMBER SERVICES INC RETIREMENT 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