Retirement plan

WHITMORE WORSLEY, INC. 401(K) PROFIT SHARING PLAN

Name: WHITMORE WORSLEY, INC. - WHITMORE WORSLEY, INC. 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: WHITMORE WORSLEY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WHITMORE WORSLEY, INC. 401(K) PROFIT SHARING PLAN, WHITMORE WORSLEY, INC.

WHITMORE WORSLEY, INC.EIN 11-1571994Plan #002PY 2018

4 HARDSCRABBLE COURT - EAST HAMPTON, NY 11937631-329-8077LinkedIn11-50 employees

Prospect flagsHigh feesLow participationLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.2M

-12.4% from 2017

Total participants

188

-1.1% from 2017

Average account balance

$126,145

-12.4% from 2017

Annual return

-2.99%

-28.37 pp from 2017

Benchmarks

See 441 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort441 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.31M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

114

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.

43.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$223K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+8.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$167

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

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Service providers

Top 10 of 32 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC1 year Filed as: T. ROWE PRICE RPS, INC Service code 15 · EIN 52-1309931	Recordkeeping	$12,454
ARTISAN PARTNERS2 years Filed as: ARTISAN FUNDS Service code 28 · EIN 30-0551775	Investment Management	$0
ARTISAN PARTNERS1 year Filed as: ARTISAN GLOBAL VALUE INV Service code 28	Investment Management	$0
COLUMBIA1 year Filed as: COLUMBIA FUNDS Service code 28 · EIN 93-0577450	Investment Management	$0
COLUMBIA1 year Filed as: COLUMBIA SMALL CAP INDEX INSTL 2 Service code 28	Investment Management	$0
DIMENSIONAL FUND ADVISORS1 year Filed as: DFA INTERM GOVT FIXED INC I Service code 28	Investment Management	$0
DIMENSIONAL FUND ADVISORS1 year Filed as: DIMENSIONAL FUNDS Service code 28 · EIN 95-4470812	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY Service code 28 · EIN 04-2647786	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY MID CAP INDEX INV Service code 28	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY PACIFIC BASIN Service code 28	Investment Management	$0

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D

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.
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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$12K

$70 / participant

Other / not subdivided$12K100.0%

% of EOY assets

0.299%

all-in expense ratio

Categories reported

0 / 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: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$126,145

$65,557+92.4%

$105,736+19.3%

$56,289+124.1%

Participation rate

13.4%

63.4%-50.0pp

76.3%-62.9pp

69.9%-56.4pp

Annual return

-2.99%

-1.32%-1.7pp

6.27%-9.3pp

-9.96%+7.0pp

Employer contribution / active EE

$1,788-100.0%

$3,268-100.0%

$2,111-100.0%

Participant deferral / active EE

$805

$2,418-66.7%

$4,080-80.3%

$3,350-76.0%

Admin fee / account holder

$377

$561-32.8%

$6,913-94.5%

$521-27.6%

Provider

Service type

Compensation

T ROWE PRICE RPS INC1 year

Filed as: T. ROWE PRICE RPS, INC

Service code 15 · EIN 52-1309931

Recordkeeping

$12,454

ARTISAN PARTNERS2 years

Filed as: ARTISAN FUNDS

Service code 28 · EIN 30-0551775

Investment Management

ARTISAN PARTNERS1 year

Filed as: ARTISAN GLOBAL VALUE INV

Service code 28

Investment Management

COLUMBIA1 year

Filed as: COLUMBIA FUNDS

Service code 28 · EIN 93-0577450

Investment Management

COLUMBIA1 year

Filed as: COLUMBIA SMALL CAP INDEX INSTL 2

Service code 28

Investment Management

DIMENSIONAL FUND ADVISORS1 year

Filed as: DFA INTERM GOVT FIXED INC I

Service code 28

Investment Management

DIMENSIONAL FUND ADVISORS1 year

Filed as: DIMENSIONAL FUNDS

Service code 28 · EIN 95-4470812

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY

Service code 28 · EIN 04-2647786

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY MID CAP INDEX INV

Service code 28

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY PACIFIC BASIN

Service code 28

Investment Management

WHITMORE WORSLEY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WHITMORE WORSLEY, INC. 401(K) 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