Retirement plan

CRENSHAW LUMBER CO., INC. PROFIT SHARING PLAN

Name: CRENSHAW LUMBER CO., INC. - CRENSHAW LUMBER CO., INC. PROFIT SHARING PLAN (2020) 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 2020

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)

$13.9M

-3.4% from 2019

Total participants

137

+0.7% from 2019

Average account balance

$101,733

-7.0% from 2019

Annual return

9.54%

-4.72 pp from 2019

Benchmarks

See 1,894 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,894 peers

Snapshot2020

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 4 by compensation

Provider	Service type	Compensation
RETIREMENT WELLNESS GROUP LLC2 years Service code 27 1200 NEWPORT CENTER DR., SUITE 200 · NEWPORT BEACH, CA 92660	Advisory (Plan)	$40,369
PENSION ASSURANCE LLP1 year Filed as: PENSION ASSURANCE Service code 10 5530 CORBIN AVE, SUITE 260 · TARZANA, CA 91356	Accounting	$10,500
ACTUARIAL BENEFITS CORP2 years Filed as: ACTUARIAL BENEFITS CORP. Service code 13 2790 SKYPARK DR, SUITE 300 · TORRANCE, CA 90505	Contract Administrator	$10,000
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: GREAT-WEST LIFE & ANNUITY INS CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0

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

$41K

$389 / participant

Contract admin$30K72.8%
Other / not subdivided$11K27.2%

% of EOY assets

0.296%

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: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$101,733

$70,917+43.5%

$98,920+2.8%

$73,493+38.4%

Participation rate

100.0%

73.8%+26.2pp

76.0%+24.0pp

70.7%+29.3pp

Annual return

9.54%

34.18%-24.6pp

196.47%-186.9pp

28.51%-19.0pp

Employer contribution / active EE

$2,891

$2,037+41.9%

$2,689+7.5%

$2,270+27.3%

Participant deferral / active EE

$4,571

$3,501+30.6%

$4,245+7.7%

$3,740+22.2%

Admin fee / account holder

$301

$535-43.7%

$6,643-95.5%

$513-41.3%

Provider

Service type

Compensation

RETIREMENT WELLNESS GROUP LLC2 years

Service code 27

1200 NEWPORT CENTER DR., SUITE 200 · NEWPORT BEACH, CA 92660

Advisory (Plan)

$40,369

PENSION ASSURANCE LLP1 year

Filed as: PENSION ASSURANCE

Service code 10

5530 CORBIN AVE, SUITE 260 · TARZANA, CA 91356

Accounting

$10,500

ACTUARIAL BENEFITS CORP2 years

Filed as: ACTUARIAL BENEFITS CORP.

Service code 13

2790 SKYPARK DR, SUITE 300 · TORRANCE, CA 90505

Contract Administrator

$10,000

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: GREAT-WEST LIFE & ANNUITY INS CO

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

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