Plans » Benchmarking Engine
Benchmarking Sorrento Lumber Co., Inc. 401(K) Profit Sharing Plan and Trust in Sorrento, LA against
good (4)
Sorrento Lumber Co., Inc. 401(K) Profit Sharing Plan and Trust in Sorrento, LA incurs the 4th-lowest total administrative expenses ($950) of the 63 plans whose industry group is Lumber and Other Construction Materials Merchant Wholesalers. Those $950 compare to an average of $23,794 across the 63 plans.
Note: total administrative expenses = professional fees + contract administrator fees + investment advisory and management fees + other administrative expenses
Sorrento Lumber Co., Inc. 401(K) Profit Sharing Plan and Trust has these standings among those 63 peer plans:
Note: total administrative expenses = professional fees + contract administrator fees + investment advisory and management fees + other administrative expenses
Sorrento Lumber Co., Inc. 401(K) Profit Sharing Plan and Trust has these standings among those 63 peer plans:
- total administrative expenses = $950 (4th-lowest)
- professional fees = $0 (2nd-lowest, tied)
- contract administrator fees = $950 (32nd-lowest)
- investment advisory and management fees = $0 (the lowest, tied)
- other administrative expenses = $0 (the lowest, tied)
beat out by Builders Fence Company, Inc. 401(K) Profit Sharing Plan in Sun Valley, CA, Denver Hardwood Co., Inc. 401(K) Plan in Denver, CO, and Bedrosians 401(K) Profit Sharing Plan in Fresno, CA, all with $0.
beat A & D Supply Profit Sharing 401 (K) Plan in Oklahoma City, OK ($1,469), Sierra Forest Products, Inc 401(K) Plan in Salt Lake City, UT ($1,909), Western Materials, Inc. Salary Reduction and Savin in Yakima, WA ($2,101), and Woodford Plywood, Inc. Profit Sharing Plan in Albany, GA ($2,113), and 55 others, ending with Dallas Wholesale Builders Supply, Inc. 401(K) Profit Sharing Plan in Desoto, TX ($74,215).
beat A & D Supply Profit Sharing 401 (K) Plan in Oklahoma City, OK ($1,469), Sierra Forest Products, Inc 401(K) Plan in Salt Lake City, UT ($1,909), Western Materials, Inc. Salary Reduction and Savin in Yakima, WA ($2,101), and Woodford Plywood, Inc. Profit Sharing Plan in Albany, GA ($2,113), and 55 others, ending with Dallas Wholesale Builders Supply, Inc. 401(K) Profit Sharing Plan in Desoto, TX ($74,215).
- whose industry group is. The industry group is the first four digits from the six-digit NAICS business code, Line 2d in Form 5500, which best describes the nature of the plan sponsor’s business, from the available list. If more than one employer or employee organization is involved, filers are asked to enter the business code for the main business activity of the employer and/or employee organizations. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- total administrative expenses. Lower values are better. From Line 2i(5), Schedule H. A missing entry from the Schedule H is here assigned a value of $0. Note that total administrative expenses = professional fees + contract administrator fees + investment advisory and management fees + other administrative expenses. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
Sorrento Lumber Co., Inc. 401(K) Profit Sharing Plan and Trust in Sorrento, LA is in Louisiana, its EIN is 720803531, its industry group is Lumber and Other Construction Materials Merchant Wholesalers, is a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, is a single-employer plan, its business code is 423300, has 100 to 499 total participants, is worse than the overall plan medians in each of total income, net income, yield on beginning-of-plan-year total assets, and diversity of asset types (4 total), is better than the overall participant averages in each of active-participant contributions per head, employer contributions per active participant, and total administrative expense per participant, and is lower than the overall administrative medians in each of contract administrator fees, total administrative expenses, and total administrative expense ratio.
Global References
Numeric values:
- total assets ($2,517,300)
- value of interest in registered investment companies (e.g., mutual funds) ($2.50M)
- net assets (assets minus liabilities) ($2.50M)
- total assets at beginning of plan year ($2,089,437)
- total income ($733,661)
- total contributions ($451,849)
- net income ($428,022)
- total expenses ($305,639)
- cash contributions from participants ($283,268)
- earnings on investments ($281,812)
- net earnings on investments ($281,812)
- cash contributions from employers ($168,581)
- average account balance ($17,242)
- receivables employer contributions ($6,154)
- receivables participant contributions ($5,424)
- average participant cash contribution per active participant ($3,183)
- net income per total participant ($2,932)
- average employer cash contribution per active participant ($1,894)
- contract administrator fees ($950)
- total administrative expenses ($950)
- total administrative expense per participant ($6.51)
- total noninterest-bearing cash ($0)
- other receivables (not employer nor participant contributions) ($0)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($0)
- U.S. government securities ($0.0K)
- corporate debt instruments (preferred & other than employer securities) ($0)
- corporate debt instruments (below preferred & other than employer securities) ($0)
- corporate preferred stocks (other than employer securities) ($0)
- corporate common stocks (other than employer securities) ($0)
- partnership/joint venture interests ($0)
- real estate (other than employer real property) ($0)
- loans (other than to participants) ($0)
- participant loans ($0)
- value of interest in common/collective trusts ($0)
- value of interest in pooled separate accounts ($0)
- value of interest in master trust investment accounts ($0.0K)
- value of interest in 103-12 investment entities ($0)
- value of funds held in insurance company general account (unallocated contracts) ($0)
- other general investments ($0)
- employer-related securities investments ($0)
- employer-related real-property investments ($0)
- buildings and other property used in plan operation ($0)
- total liabilities ($0)
- corrective distributions ($0)
- professional fees ($0)
- investment advisory and management fees ($0)
- other administrative expenses ($0)
- asset transfers to this plan ($0)
- asset transfers from this plan ($0)
- percentage of active participants (61.0%)
- yield on beginning-of-plan-year total assets (13.49%)
- diversity of asset types (1.0%)
- total administrative expense ratio (0.038%)
- participant loans as a percentage of plan assets (0.00%)
- total cash as a percentage of plan assets (0.00%)
- employer securities as a percentage of plan assets (0.00%)
- active participants (89)
- deceased participants whose beneficiaries receive or are entitled to benefits (0)
- living participants (146)
- other retired or separated participants entitled to future benefits (47)
- retired or separated participants receiving benefits (10)
- total participants (146)
Global References