Retirement plan

MEAD CLARK LUMBER COMPANY 401(K) PROFIT SHARING PLAN

Name: MEAD CLARK LUMBER COMPANY, INC. - MEAD CLARK LUMBER COMPANY 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: MEAD CLARK LUMBER COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEAD CLARK LUMBER COMPANY 401(K) PROFIT SHARING PLAN, MEAD CLARK LUMBER COMPANY, INC.

MEAD CLARK LUMBER COMPANY, INC.EIN 94-1446903Plan #005PY 2019

P. O. BOX 529 - SANTA ROSA, CA 95402707-576-3333meadclark.comLinkedIn11-50 employeesbuilding materials

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$4.3M

-26.7% from 2018

Total participants

126

+10.5% from 2018

Average account balance

$36,231

-30.4% from 2018

Annual return

14.76%

+22.62 pp from 2018

Benchmarks

See 9,366 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,366 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.83M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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

$237K

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

+14.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12751

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

Top 3 by compensation

Provider	Service type	Compensation
ZRC FINANCIAL SERVICES LLC5+ years Service code 27 · EIN 68-0439064	Advisory (Plan)	$29,336
JORDAN & ASSOCIATES RETIREMENT SERV5+ years Service code 10 · EIN 68-0369583	Accounting	$11,282
CAROLYN A. MAYES, CPA2 years Service code 10 · EIN 74-3051073	Accounting	$9,500

Plan features & details

Pension benefit codes2E2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

2 tripped

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

$50K

$557 / participant

Investment mgmt$29K58.5%
Other / not subdivided$21K41.5%

% of EOY assets

1.162%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CAROLYN A. MAYES, CPA
Auditor EIN: 743051073
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,231

$58,493-38.1%

$84,023-56.9%

$72,976-50.4%

Participation rate

92.2%

61.2%+31.0pp

69.0%+23.2pp

69.5%+22.7pp

Annual return

14.76%

28.93%-14.2pp

71.32%-56.6pp

81.02%-66.3pp

Employer contribution / active EE

$1,163-100.0%

$1,984-100.0%

$2,440-100.0%

Participant deferral / active EE

$2,525

$2,394+5.5%

$3,239-22.0%

$3,608-30.0%

Admin fee / account holder

$421

$4,569-90.8%

$6,102-93.1%

$5,124-91.8%

Provider

Service type

Compensation

ZRC FINANCIAL SERVICES LLC5+ years

Service code 27 · EIN 68-0439064

Advisory (Plan)

$29,336

JORDAN & ASSOCIATES RETIREMENT SERV5+ years

Service code 10 · EIN 68-0369583

Accounting

$11,282

CAROLYN A. MAYES, CPA2 years

Service code 10 · EIN 74-3051073

Accounting

$9,500

MEAD CLARK LUMBER COMPANY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEAD CLARK LUMBER COMPANY 401(K) 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