Retirement plan

CRENSHAW LUMBER CO., INC. PROFIT SHARING PLAN

Name: CRENSHAW LUMBER CO., INC. - CRENSHAW LUMBER CO., INC. PROFIT SHARING PLAN (2024) Form 5500
Creator: CRENSHAW LUMBER CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CRENSHAW LUMBER CO., INC. PROFIT SHARING PLAN, CRENSHAW LUMBER CO., INC.

CRENSHAW LUMBER CO., INC.EIN 95-1872813Plan #001PY 2024

1860 W 166TH ST. - GARDENA, CA 902474602310-323-1337crenshawlumber.comLinkedIn11-50 employeesbuilding materials

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$18.9M

+9.1% from 2023

Total participants

154

-0.6% from 2023

Average account balance

$125,359

+9.1% from 2023

Annual return

8.39%

-1.33 pp from 2023

Benchmarks

See 1,845 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,845 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.93M

Not enough data

1 years with asset history on file

Average account balance

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

$125K

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.

151

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.

97.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.16M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+8.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$577

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
RETIREMENT WELLNESS GROUP LLC1 year Filed as: RETIREMENT WELLNESS GROUP Service code 26 · EIN 82-5427341 123 S. MARENGO AVENUE, SUITE 200 · PASADENA, CA 91101	Advisory (Participants)	$52,715
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 14201	Recordkeeping	$16,350
PENSION ASSURANCE LLP1 year Service code 10 · EIN 30-0840934 5126 CLARETON DRIVE, SUITE 110 · AGOURA HILLS, CA 91301	Accounting	$16,200

Plan features & details

Pension benefit codes2E2G2F2A2J2T3D

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.
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

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

$87K

$807 / participant

Recordkeeping$16K18.8%
Investment mgmt$53K60.5%
Contract admin$2K2.2%
Other / not subdivided$16K18.6%

% of EOY assets

0.461%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: $16,200
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$125,359

$78,607+59.5%

$105,624+18.7%

$74,478+68.3%

Participation rate

97.2%

72.8%+24.4pp

75.3%+21.9pp

67.2%+30.0pp

Annual return

8.39%

15.96%-7.6pp

116.20%-107.8pp

1370.56%-1362.2pp

Employer contribution / active EE

$4,401

$2,523+74.4%

$3,168+38.9%

$2,626+67.6%

Participant deferral / active EE

$6,301

$4,325+45.7%

$5,013+25.7%

$4,350+44.8%

Admin fee / account holder

$577

$2,220-74.0%

$10,961-94.7%

$1,946-70.3%

Provider

Service type

Compensation

RETIREMENT WELLNESS GROUP LLC1 year

Filed as: RETIREMENT WELLNESS GROUP

Service code 26 · EIN 82-5427341

123 S. MARENGO AVENUE, SUITE 200 · PASADENA, CA 91101

Advisory (Participants)

$52,715

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Service code 15 · EIN 01-0233346

P.O. BOX 600 · BUFFALO, NY 14201

Recordkeeping

$16,350

PENSION ASSURANCE LLP1 year

Service code 10 · EIN 30-0840934

5126 CLARETON DRIVE, SUITE 110 · AGOURA HILLS, CA 91301

Accounting

$16,200

CRENSHAW LUMBER CO., INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CRENSHAW LUMBER CO., INC. 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