Retirement plan

EMPLOYEE BENEFIT PLAN OF WIELAND ELECTRIC, INC.

Name: WIELAND ELECTRIC, INC. - EMPLOYEE BENEFIT PLAN OF WIELAND ELECTRIC, INC. (2019) Form 5500
Creator: WIELAND ELECTRIC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF WIELAND ELECTRIC, INC., WIELAND ELECTRIC, INC.

WIELAND ELECTRIC, INC.EIN 13-3537650Plan #001PY 2019

8207 MARKET ST STE P10680 - WILMINGTON, NC 284040509905-829-6418

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.2M

+14.5% from 2018

Total participants

-5.4% from 2018

Average account balance

$91,017

+17.7% from 2018

Annual return

23.80%

+30.70 pp from 2018

Benchmarks

See 22,310 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,310 peers

Snapshot2019

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$4.47M

Not enough data

1 years with asset history on file

Average account balance

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

$144K

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.

172.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$206K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+17.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$27859

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

See the 10-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

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 codes2F2G3D

Plan features

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$498K

$35596 / participant

Other / not subdivided$498K100.0%

% of EOY assets

15.644%

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: -

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$91,017

$152,587-40.4%

$125,175-27.3%

$152,861-40.5%

Participation rate

100.0%

83.3%+16.7pp

79.8%+20.2pp

82.4%+17.6pp

Annual return

23.80%

54.84%-31.0pp

43.79%-20.0pp

345.32%-321.5pp

Employer contribution / active EE

$5,165

$4,946+4.4%

$3,865+33.6%

$4,762+8.4%

Participant deferral / active EE

$11,868

$5,868+102.2%

$4,937+140.4%

$5,850+102.9%

Admin fee / account holder

$14,238

$13,434+6.0%

$9,702+46.8%

$11,596+22.8%

EMPLOYEE BENEFIT PLAN OF WIELAND ELECTRIC, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF WIELAND ELECTRIC, INC.

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