Retirement plan

WOOD CASTLE FURNITURE CO. 401K PROFIT SHARING PLAN

Name: WOOD CASTLE FURNITURE COMPANY - WOOD CASTLE FURNITURE CO. 401K PROFIT SHARING PLAN (2024) Form 5500
Creator: WOOD CASTLE FURNITURE COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WOOD CASTLE FURNITURE CO. 401K PROFIT SHARING PLAN, WOOD CASTLE FURNITURE COMPANY

WOOD CASTLE FURNITURE COMPANYEIN 93-0867064Plan #001PY 2024

P.O. BOX 805 - CORVALLIS, OR 97339541-754-9304woodcastle.comLinkedIn1-10 employeesfurniture

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.4M

+9.0% from 2023

Total participants

-4.2% from 2023

Average account balance

$148,181

+13.7% from 2023

Annual return

9.19%

+0.11 pp from 2023

Benchmarks

See 23,012 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort23,012 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.41M

Not enough data

1 years with asset history on file

Average account balance

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

$148K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$91K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+9.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4236

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 codes2J2E2G

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

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

$97K

$5731 / participant

Other / not subdivided$97K100.0%

% of EOY assets

2.858%

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

$148,181

$117,829+25.8%

$102,423+44.7%

$145,877+1.6%

Participation rate

100.0%

78.6%+21.4pp

76.5%+23.5pp

80.3%+19.7pp

Annual return

9.19%

31.83%-22.6pp

29.42%-20.2pp

551.28%-542.1pp

Employer contribution / active EE

$1,569

$3,615-56.6%

$3,023-48.1%

$4,663-66.3%

Participant deferral / active EE

$3,765

$5,732-34.3%

$5,054-25.5%

$6,691-43.7%

Admin fee / account holder

$4,236

$13,335-68.2%

$9,455-55.2%

$13,402-68.4%

WOOD CASTLE FURNITURE CO. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WOOD CASTLE FURNITURE CO. 401K PROFIT SHARING 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