Retirement plan

MENDO MILL & LUMBER CO. PROFIT SHARING PLAN AND TRUST

Name: MENDO MILL & LUMBER CO. - MENDO MILL & LUMBER CO. PROFIT SHARING PLAN AND TRUST (2022) Form 5500
Creator: MENDO MILL & LUMBER CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MENDO MILL & LUMBER CO. PROFIT SHARING PLAN AND TRUST, MENDO MILL & LUMBER CO.

MENDO MILL & LUMBER CO.EIN 94-1577775Plan #001PY 2022

1870 NORTH STATE STREET - UKIAH, CA 95482707-462-4244mendomill.comLinkedIn1-10 employeesretail

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$6.5M

-10.5% from 2021

Total participants

256

-20.5% from 2021

Average account balance

$28,667

+15.6% from 2021

Annual return

-14.76%

-25.92 pp from 2021

Benchmarks

See 2,205 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,205 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.71M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

226

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.

83.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$597K

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

+9.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$330

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

1 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
NEWPORT GROUP, INC.7 years Service code 13 · EIN 27-2037969	Contract Administrator	$41,118
PISENTI & BRINKER LLP6 years Service code 10 · EIN 94-1585562 3562 ROUND BARN CIRCLE, · SANTA ROSA, CA 95403	Accounting	$17,039
DJ MARTIN APPRAISALS1 year Service code 34 · EIN 94-2674038 42750 OLD BICKEL PL. · FALL RIVER MILLS, CA 96028	Valuation (appraisals, etc.)	$7,500

Plan features & details

Pension benefit codes2A2E2F2G2J3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

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

$75K

$431 / participant

Contract admin$45K60.2%
Other / not subdivided$30K39.8%

% of EOY assets

1.146%

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: PISENTI & BRINKER LLP
Auditor EIN: 941585562
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,667

$49,451-42.0%

$79,580-64.0%

$66,938-57.2%

Participation rate

83.2%

61.3%+21.9pp

69.5%+13.7pp

69.8%+13.4pp

Annual return

-14.76%

84.25%-99.0pp

0.15%-14.9pp

1.58%-16.3pp

Employer contribution / active EE

$1,285

$1,266+1.5%

$2,413-46.8%

$2,545-49.5%

Participant deferral / active EE

$1,916

$3,159-39.3%

$3,985-51.9%

$4,238-54.8%

Admin fee / account holder

$329

$595-44.7%

$6,835-95.2%

$594-44.6%

Provider

Service type

Compensation

NEWPORT GROUP, INC.7 years

Service code 13 · EIN 27-2037969

Contract Administrator

$41,118

PISENTI & BRINKER LLP6 years

Service code 10 · EIN 94-1585562

3562 ROUND BARN CIRCLE, · SANTA ROSA, CA 95403

Accounting

$17,039

DJ MARTIN APPRAISALS1 year

Service code 34 · EIN 94-2674038

42750 OLD BICKEL PL. · FALL RIVER MILLS, CA 96028

Valuation (appraisals, etc.)

$7,500

MENDO MILL & LUMBER CO. PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MENDO MILL & LUMBER CO. PROFIT SHARING PLAN AND TRUST

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