Retirement plan

SCHMIDBAUER LUMBER, INC. 401(K) PROFIT SHARING PLAN

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

SCHMIDBAUER LUMBER, INC.EIN 94-2196486Plan #002PY 2019

1099 W. WATERFRONT DRIVE - EUREKA, CA 95502707-443-7024schmidbauerlumber.comLinkedIn11-50 employeescomputer software

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$14.3M

+5.1% from 2018

Total participants

132

-15.4% from 2018

Average account balance

$113,682

+22.6% from 2018

Annual return

13.06%

+26.19 pp from 2018

Benchmarks

See 5,807 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,807 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$71.52M

Not enough data

1 years with asset history on file

Average account balance

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

$95K

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.

754

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.

99.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+11.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$385

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
PREMIER FINANCIAL GROUP5+ years Service code 27 · EIN 68-0150543 725 6TH STREET · EUREKA, CA 95501	Advisory (Plan)	$43,704
ASPIRE FINANCIAL SERVICES4 years Filed as: ASPIRE FINANCIAL SERVICES LLC Service code 15 4010 BOY SCOUT BLVD SUITE 450 · TAMPA, FL 33607	Recordkeeping	$8,660
PEERY & ASSOCIATES, INC.3 years Service code 99 · EIN 94-3274051	Other Fees	$6,451
TDAMERITRADE5+ years Filed as: TDAMERITRADE TRUST COMPANY Service code 15 · EIN 20-0937408 P.O. BOX 17748 · DENVER, CO 802179733	Recordkeeping	$4,019

Plan features & details

Pension benefit codes2E2A2G2J2K3D3H

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.
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.
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.
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

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

$63K

$648 / participant

Investment mgmt$63K100.0%

% of EOY assets

0.439%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: D.H. SCOTT & COMPANY
Auditor EIN: 680397834
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$113,682

$76,371+48.9%

$93,621+21.4%

$72,976+55.8%

Participation rate

93.8%

71.8%+22.1pp

75.8%+18.0pp

69.5%+24.3pp

Annual return

13.06%

25.82%-12.8pp

32.76%-19.7pp

81.02%-68.0pp

Employer contribution / active EE

$1,884

$2,276-17.2%

$2,719-30.7%

$2,440-22.8%

Participant deferral / active EE

$3,653

$3,538+3.2%

$4,070-10.2%

$3,608+1.3%

Admin fee / account holder

$499

$6,839-92.7%

$7,890-93.7%

$5,124-90.3%

Provider

Service type

Compensation

PREMIER FINANCIAL GROUP5+ years

Service code 27 · EIN 68-0150543

725 6TH STREET · EUREKA, CA 95501

Advisory (Plan)

$43,704

ASPIRE FINANCIAL SERVICES4 years

Filed as: ASPIRE FINANCIAL SERVICES LLC

Service code 15

4010 BOY SCOUT BLVD SUITE 450 · TAMPA, FL 33607

Recordkeeping

$8,660

PEERY & ASSOCIATES, INC.3 years

Service code 99 · EIN 94-3274051

Other Fees

$6,451

TDAMERITRADE5+ years

Filed as: TDAMERITRADE TRUST COMPANY

Service code 15 · EIN 20-0937408

P.O. BOX 17748 · DENVER, CO 802179733

Recordkeeping

$4,019

SCHMIDBAUER LUMBER, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCHMIDBAUER LUMBER, INC. 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