Retirement plan

WARREN W. FANE, INC. PROFIT SHARING/401(K) PLAN

Name: WARREN W. FANE, INC. - WARREN W. FANE, INC. PROFIT SHARING/401(K) PLAN (2024) Form 5500
Creator: WARREN W. FANE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WARREN W. FANE, INC. PROFIT SHARING/401(K) PLAN, WARREN W. FANE, INC.

WARREN W. FANE, INC.EIN 14-1663427Plan #001PY 2024

62 LEVERSEE ROAD - TROY, NY 12182518-235-5531wwfane.comLinkedIn51-200 employeesbuilding materials

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$11.2M

+19.7% from 2023

Total participants

141

+4.4% from 2023

Average account balance

$82,078

+16.2% from 2023

Annual return

15.55%

+22.11 pp from 2023

Benchmarks

See 3,446 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,446 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.76M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

133

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.

90.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$758K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+4.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$652

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 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER LIFE & ANNUITY INS CO OF NY Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$73,627
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY INSURANCE SERVICES Service code 55 · EIN 51-0116113 1 NEW YORK PLAZA, 12TH FLOOR · NEW YORK, NY 10004	Other Commissions	$46,661
STRATEGIC PENSION SERVICES, LLC4 years Service code 13 · EIN 14-1836262 1199 US ROUTE 9W · SELKIRK, NY 12158	Contract Administrator	$7,187

Plan features & details

Pension benefit codes2A2E2J2F2G3D2H

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.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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

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

$73K

$685 / participant

Recordkeeping$73K100.0%

% of EOY assets

0.656%

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: BONADIO & CO., LLP
Auditor EIN: 161131146
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,078

$80,748+1.6%

$102,383-19.8%

$74,429+10.3%

Participation rate

95.3%

65.7%+29.7pp

74.5%+20.8pp

67.2%+28.1pp

Annual return

15.55%

27.57%-12.0pp

24.94%-9.4pp

1368.38%-1352.8pp

Employer contribution / active EE

$3,539

$3,159+12.0%

$3,870-8.6%

$2,625+34.8%

Participant deferral / active EE

$2,540

$3,861-34.2%

$5,060-49.8%

$4,348-41.6%

Admin fee / account holder

$539

$2,371-77.3%

$8,391-93.6%

$1,944-72.3%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER LIFE & ANNUITY INS CO OF NY

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$73,627

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY INSURANCE SERVICES

Service code 55 · EIN 51-0116113

1 NEW YORK PLAZA, 12TH FLOOR · NEW YORK, NY 10004

Other Commissions

$46,661

STRATEGIC PENSION SERVICES, LLC4 years

Service code 13 · EIN 14-1836262

1199 US ROUTE 9W · SELKIRK, NY 12158

Contract Administrator

$7,187

WARREN W. FANE, INC. PROFIT SHARING/401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WARREN W. FANE, INC. PROFIT SHARING/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