Retirement plan

WORTH ROSS 401(K) PLAN

Name: WORTH ROSS MANAGEMENT CO. INC. - WORTH ROSS 401(K) PLAN (2022) Form 5500
Creator: WORTH ROSS MANAGEMENT CO. INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WORTH ROSS 401(K) PLAN, WORTH ROSS MANAGEMENT CO. INC.

WORTH ROSS MANAGEMENT CO. INC.EIN 03-0380975Plan #001PY 2022

4144 N CENTRAL EXPRESSWAY, STE 580 - DALLAS, TX 75204214-522-1943

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$7.2M

-8.7% from 2021

Total participants

535

+7.9% from 2021

Average account balance

$23,186

-8.4% from 2021

Annual return

-13.86%

-35.15 pp from 2021

Benchmarks

See 645 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants250-999

Cohort645 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.87M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

333

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.

50.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.95M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$59

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 2 by compensation

Provider	Service type	Compensation
SOVEREIGN INVESTMENT ADVISORS2 years Filed as: SOVEREIGN WEALTH ADVISORS LLC Service code 15 · EIN 27-0129226	Recordkeeping	$36,313
ADP BROKER-DEALER3 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$12,919

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$13K

$28 / participant

Contract admin$13K100.0%

% of EOY assets

0.179%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ROBERTSON & ROBERTSON PLLC
Auditor EIN: 261631123
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,186

$50,458-54.0%

$160,037-85.5%

$64,824-64.2%

Participation rate

51.4%

68.0%-16.6pp

78.0%-26.6pp

71.5%-20.1pp

Annual return

-13.86%

-13.42%-0.4pp

408.95%-422.8pp

32.84%-46.7pp

Employer contribution / active EE

$1,193

$1,722-30.7%

$4,226-71.8%

$2,507-52.4%

Participant deferral / active EE

$2,225

$4,004-44.4%

$6,184-64.0%

$4,311-48.4%

Admin fee / account holder

$41

$706-94.1%

$8,716-99.5%

$188-78.0%

Provider

Service type

Compensation

SOVEREIGN INVESTMENT ADVISORS2 years

Filed as: SOVEREIGN WEALTH ADVISORS LLC

Service code 15 · EIN 27-0129226

Recordkeeping

$36,313

ADP BROKER-DEALER3 years

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$12,919

WORTH ROSS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WORTH ROSS 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