Retirement plan

MILES NURSERY 401(K) PLAN

Name: MILES NURSERY - MILES NURSERY 401(K) PLAN (2022) Form 5500
Creator: MILES NURSERY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MILES NURSERY 401(K) PLAN, MILES NURSERY

MILES NURSERYEIN 93-1283889Plan #003PY 2022

7285 S. LONE ELDER RD. - CANBY, OR 97013503-422-8635milesnursery.comLinkedIn1-10 employeeswholesale

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$423K

+0.3% from 2021

Total participants

+13.8% from 2021

Average account balance

$19,231

+0.3% from 2021

Annual return

-18.38%

-33.99 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

$855K

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

56.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$135K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+15.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$363

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 codes2E2F2G2J2T3D

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.

Opportunity flags

1 tripped

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

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

$19,231

$56,339-65.9%

$104,299-81.6%

$68,490-71.9%

Participation rate

64.5%

63.3%+1.3pp

73.3%-8.8pp

67.9%-3.4pp

Annual return

-18.38%

-9.19%-9.2pp

24.62%-43.0pp

-7.85%-10.5pp

Employer contribution / active EE

$1,100

$1,960-43.9%

$3,373-67.4%

$2,597-57.6%

Participant deferral / active EE

$1,440

$3,077-53.2%

$4,626-68.9%

$4,028-64.2%

Admin fee / account holder

$4,902-100.0%

$7,339-100.0%

$5,403-100.0%

MILES NURSERY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

MILES NURSERY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion