Retirement plan

WHEELING ISLAND GAMING, INC. RETIREMENT SAVINGS PLAN

Name: WHEELING ISLAND GAMING, INC. - WHEELING ISLAND GAMING, INC. RETIREMENT SAVINGS PLAN (2017) 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 2017

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

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$16.9M

+11.5% from 2016

Total participants

612

-5.7% from 2016

Average account balance

$30,585

+13.3% from 2016

Annual return

11.61%

+6.27 pp from 2016

Benchmarks

See 399 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants250-999

Cohort399 peers

Snapshot2017

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 COMPANY3+ years Filed as: JOHN HANCOCK RETIREMENT PLAN SVCS Service code 15 · EIN 01-0233346	Recordkeeping	$106,946
MORGAN STANLEY SMITH BARNEY3+ years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 49 · EIN 26-4310844	Other Services	$7,000
TRONCONI SEGARRA & ASSOCIATES2 years 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

$83K

$204 / participant

Investment mgmt$7K8.5%
Contract admin$71K85.2%
Other / not subdivided$5K6.3%

% of EOY assets

0.491%

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

$30,585

$45,324-32.5%

$122,354-75.0%

$69,631-56.1%

Participation rate

84.9%

59.9%+25.0pp

71.6%+13.3pp

70.7%+14.3pp

Annual return

11.61%

25.35%-13.7pp

30.28%-18.7pp

27571.02%-27559.4pp

Employer contribution / active EE

$2,908

$1,230+136.5%

$4,051-28.2%

$2,032+43.1%

Participant deferral / active EE

$1,074

$2,367-54.6%

$3,287-67.3%

$3,224-66.7%

Admin fee / account holder

$150

$87+72.8%

$5,479-97.3%

$110+36.1%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY3+ years

Filed as: JOHN HANCOCK RETIREMENT PLAN SVCS

Service code 15 · EIN 01-0233346

Recordkeeping

$106,946

MORGAN STANLEY SMITH BARNEY3+ years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 49 · EIN 26-4310844

Other Services

$7,000

TRONCONI SEGARRA & ASSOCIATES2 years

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