Retirement plan

WHEELING ISLAND GAMING, INC. RETIREMENT SAVINGS PLAN

Name: WHEELING ISLAND GAMING, INC. - WHEELING ISLAND GAMING, INC. RETIREMENT SAVINGS PLAN (2016) Form 5500
Creator: WHEELING ISLAND GAMING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WHEELING ISLAND GAMING, INC. RETIREMENT SAVINGS PLAN, WHEELING ISLAND GAMING, INC.

WHEELING ISLAND GAMING, INC.EIN 16-1333214Plan #009PY 2016

250 DELAWARE AVENUE - BUFFALO, NY 142022014716-858-5000

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$15.1M

+4.3% from 2015

Total participants

649

+2.4% from 2015

Average account balance

$26,999

+2.4% from 2015

Annual return

5.34%

+3.85 pp from 2015

Benchmarks

See 381 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants250-999

Cohort381 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.66M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

955

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.

73.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.76M

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

+9.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$121

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
JOHN HANCOCK LIFE INSURANCE COMPANY2+ years Filed as: JOHN HANCOCK RETIREMENT PLAN SVCS Service code 15 · EIN 01-0233346	Recordkeeping	$59,451
MORGAN STANLEY SMITH BARNEY2+ years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 49 · EIN 26-4310844	Other Services	$7,000
TRONCONI SEGARRA & ASSOCIATES1 year Service code 10 · EIN 04-3728817	Accounting	$5,200

Plan features & details

Pension benefit codes2E2G2J2F2T3D3H

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.
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

$72K

$161 / participant

Investment mgmt$7K9.7%
Contract admin$59K82.5%
Other / not subdivided$6K7.8%

% of EOY assets

0.477%

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: TRONCONI & SEGARRA & ASSOCIATES
Auditor EIN: 043728817
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,999

$41,281-34.6%

$109,313-75.3%

$57,658-53.2%

Participation rate

80.1%

59.3%+20.7pp

71.3%+8.8pp

70.2%+9.9pp

Annual return

5.34%

8.97%-3.6pp

22.07%-16.7pp

5.13%+0.2pp

Employer contribution / active EE

$2,448

$1,201+103.8%

$3,892-37.1%

$1,974+24.0%

Participant deferral / active EE

$976

$2,223-56.1%

$3,166-69.2%

$3,061-68.1%

Admin fee / account holder

$129

$75+71.1%

$5,666-97.7%

$95+36.2%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY2+ years

Filed as: JOHN HANCOCK RETIREMENT PLAN SVCS

Service code 15 · EIN 01-0233346

Recordkeeping

$59,451

MORGAN STANLEY SMITH BARNEY2+ years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 49 · EIN 26-4310844

Other Services

$7,000

TRONCONI SEGARRA & ASSOCIATES1 year

Service code 10 · EIN 04-3728817

Accounting

$5,200

WHEELING ISLAND GAMING, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WHEELING ISLAND GAMING, INC. RETIREMENT SAVINGS 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