Retirement plan

WELLMORE, INC. 401(K) AND PROFIT SHARING PLAN

Name: WELLMORE, INC. - WELLMORE, INC. 401(K) AND PROFIT SHARING PLAN (2017) Form 5500
Creator: WELLMORE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WELLMORE, INC. 401(K) AND PROFIT SHARING PLAN, WELLMORE, INC.

WELLMORE, INC.EIN 06-0669107Plan #002PY 2017

141 EAST MAIN STREET - WATERBURY, CT 06702203-574-9000

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$6.5M

+20.8% from 2016

Total participants

354

-0.3% from 2016

Average account balance

$23,325

+23.4% from 2016

Annual return

11.47%

+9.13 pp from 2016

Benchmarks

See 3,813 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,813 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.66M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

408

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.

93.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+10.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$206

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 4 by compensation

Provider	Service type	Compensation
WOODBURY FINANCIAL SERVICES1 year Filed as: WOODBURY FINANCIAL SERVICES INC. Service code 55	Other Commissions	$20,880
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$14,144
UNITED RETIREMENT INC2+ years Service code 13 89 N HADDON AVE STE C · HADDONFIELD, NJ 080332414	Contract Administrator	$8,979
WOODBURY FINANCIAL SERVICES2+ years Filed as: WOODBURY FINANCIAL SERVICES INC Service code 55 5665 PLAZA DR. STE 350 · CYPRESS, CA 90630	Other Commissions	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$17K

$66 / participant

Investment mgmt$13K77.3%
Contract admin$4K22.7%

% of EOY assets

0.254%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MARCUM LLP
Auditor EIN: 111986323
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,325

$46,173-49.5%

$170,435-86.3%

$69,631-66.5%

Participation rate

70.5%

63.9%+6.6pp

83.6%-13.1pp

70.7%-0.2pp

Annual return

11.47%

21.62%-10.2pp

205.94%-194.5pp

27571.02%-27559.6pp

Employer contribution / active EE

$1,913

$1,610+18.9%

$5,432-64.8%

$2,032-5.8%

Participant deferral / active EE

$1,201

$2,080-42.3%

$4,939-75.7%

$3,224-62.7%

Admin fee / account holder

$59

$116-48.8%

$13,881-99.6%

$110-46.3%

Provider

Service type

Compensation

WOODBURY FINANCIAL SERVICES1 year

Filed as: WOODBURY FINANCIAL SERVICES INC.

Service code 55

Other Commissions

$20,880

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$14,144

UNITED RETIREMENT INC2+ years

Service code 13

89 N HADDON AVE STE C · HADDONFIELD, NJ 080332414

Contract Administrator

$8,979

WOODBURY FINANCIAL SERVICES2+ years

Filed as: WOODBURY FINANCIAL SERVICES INC

Service code 55

5665 PLAZA DR. STE 350 · CYPRESS, CA 90630

Other Commissions

WELLMORE, INC. 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WELLMORE, INC. 401(K) AND PROFIT SHARING 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