Retirement plan

RICHARD P. WALTZ PLUMBING & HEATING 401(K) PLAN

Name: RICHARD P. WALTZ PLUMBING & HEATING CO., INC. - RICHARD P. WALTZ PLUMBING & HEATING 401(K) PLAN (2016) Form 5500
Creator: RICHARD P. WALTZ PLUMBING & HEATING CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RICHARD P. WALTZ PLUMBING & HEATING 401(K) PLAN, RICHARD P. WALTZ PLUMBING & HEATING CO., INC.

RICHARD P. WALTZ PLUMBING & HEATING CO., INC.EIN 01-0318544Plan #001PY 2016

179 PRESUMPSCOT STREET - PORTLAND, ME 04103207-772-2801richardpwaltz.comLinkedIn1-10 employees

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$293K

+19.1% from 2015

Total participants

+13.6% from 2015

Average account balance

$15,396

+19.1% from 2015

Annual return

5.50%

+7.11 pp from 2015

Benchmarks

See 35,835 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort35,835 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.50M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

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.

169.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$143K

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

+10.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2087

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2J3D

Plan features

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$76K

$3182 / participant

Other / not subdivided$76K100.0%

% of EOY assets

26.106%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,396

$99,345-84.5%

$84,753-81.8%

$273,972-94.4%

Participation rate

75.0%

80.7%-5.7pp

76.6%-1.6pp

83.0%-8.0pp

Annual return

5.50%

22.93%-17.4pp

22.78%-17.3pp

41.46%-36.0pp

Employer contribution / active EE

$1,603

$4,214-62.0%

$3,574-55.1%

$4,869-67.1%

Participant deferral / active EE

$2,945

$4,270-31.0%

$3,712-20.7%

$5,287-44.3%

Admin fee / account holder

$4,019

$6,645-39.5%

$5,333-24.6%

$10,133-60.3%

RICHARD P. WALTZ PLUMBING & HEATING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RICHARD P. WALTZ PLUMBING & HEATING 401(K) 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