Retirement plan

WATTCO EQUIPMENT INC. 401(K) PROFIT SHARING PLAN & TRUST

Name: WATTCO EQUIPMENT INC - WATTCO EQUIPMENT INC. 401(K) PROFIT SHARING PLAN & TRUST (2020) Form 5500
Creator: WATTCO EQUIPMENT INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WATTCO EQUIPMENT INC. 401(K) PROFIT SHARING PLAN & TRUST, WATTCO EQUIPMENT INC

WATTCO EQUIPMENT INCEIN 01-0627221Plan #001PY 2020

PO BOX 2460 - SUISUN CITY, CA 94585707-453-9233

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$3.6M

+18.5% from 2019

Total participants

+3.3% from 2019

Average account balance

$121,231

+14.6% from 2019

Annual return

7.63%

+2.68 pp from 2019

Benchmarks

See 21,451 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,451 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.65M

Not enough data

1 years with asset history on file

Average account balance

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

$177K

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.

457.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$324K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$46K

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

+8.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3863

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 codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$5K

$255 / participant

Other / not subdivided$5K100.0%

% of EOY assets

0.133%

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

$121,231

$112,112+8.1%

$95,956+26.3%

$158,950-23.7%

Participation rate

94.7%

79.0%+15.8pp

77.1%+17.7pp

82.0%+12.8pp

Annual return

7.63%

171.15%-163.5pp

91.63%-84.0pp

302.91%-295.3pp

Employer contribution / active EE

$10,487

$3,199+227.9%

$2,541+312.7%

$4,762+120.2%

Participant deferral / active EE

$7,338

$4,784+53.4%

$4,167+76.1%

$5,983+22.7%

Admin fee / account holder

$161

$10,134-98.4%

$6,797-97.6%

$11,248-98.6%

WATTCO EQUIPMENT INC. 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WATTCO EQUIPMENT INC. 401(K) PROFIT SHARING PLAN & TRUST

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