Retirement plan

HALEY WARD EMPLOYEE STOCK OWNERSHIP 401(K) PLAN

Name: HALEY WARD - HALEY WARD EMPLOYEE STOCK OWNERSHIP 401(K) PLAN (2023) Form 5500
Creator: HALEY WARD
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HALEY WARD EMPLOYEE STOCK OWNERSHIP 401(K) PLAN, HALEY WARD

HALEY WARDEIN 01-0360334Plan #002PY 2023

ONE MERCHANTS PLAZA, SUITE 701 - BANGOR, ME 04401207-989-4824haleyward.comLinkedIn201-500 employeescivil engineering

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$43.2M

+57.7% from 2022

Total participants

271

+28.4% from 2022

Average account balance

$167,591

+21.0% from 2022

Annual return

53.29%

-274.57 pp from 2022

Benchmarks

See 6,236 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,236 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$51.64M

Not enough data

1 years with asset history on file

Average account balance

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

$155K

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.

334

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.

95.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.77M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+17.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$16

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

See the 5-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 2 by compensation

Provider	Service type	Compensation
THE ANGELL PENSION GROUP, INC.2 years Filed as: THE ANGELL PENSION GROUP INC Service code 13 88 BOYD AVENUE · E PROVIDENCE, RI 02914	Contract Administrator	$2,400
AMERICAN FUNDS2 years Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$825

Plan features & details

Pension benefit codes2E2F2G2J2K2P2Q2S2T3I

Plan features

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.
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.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: WIPFLI LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$167,591

$91,407+83.3%

$135,903+23.3%

$71,457+134.5%

Participation rate

94.2%

75.7%+18.6pp

81.9%+12.3pp

67.9%+26.3pp

Annual return

53.29%

29.90%+23.4pp

68.23%-14.9pp

28.85%+24.4pp

Employer contribution / active EE

$3,395

$3,703-8.3%

$4,856-30.1%

$2,588+31.2%

Participant deferral / active EE

$6,964

$7,092-1.8%

$7,758-10.2%

$4,289+62.4%

Admin fee / account holder

-$26

$1,266-102.1%

$10,762-100.2%

$1,587-101.7%

Provider

Service type

Compensation

THE ANGELL PENSION GROUP, INC.2 years

Filed as: THE ANGELL PENSION GROUP INC

Service code 13

88 BOYD AVENUE · E PROVIDENCE, RI 02914

Contract Administrator

$2,400

AMERICAN FUNDS2 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$825

HALEY WARD EMPLOYEE STOCK OWNERSHIP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HALEY WARD EMPLOYEE STOCK OWNERSHIP 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