Retirement plan

WHIBCO OF NEW JERSEY PORT ELIZABETH PLANT RETIREMENT INCOME SAVINGS PLAN

Name: WHIBCO OF NEW JERSEY, INC. - WHIBCO OF NEW JERSEY PORT ELIZABETH PLANT RETIREMENT INCOME SAVINGS PLAN (2022) Form 5500
Creator: WHIBCO OF NEW JERSEY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WHIBCO OF NEW JERSEY PORT ELIZABETH PLANT RETIREMENT INCOME SAVINGS PLAN, WHIBCO OF NEW JERSEY, INC.

WHIBCO OF NEW JERSEY, INC.EIN 20-0453681Plan #001PY 2022

87 EAST COMMERCE STREET - BRIDGETON, NJ 08302856-455-9200LinkedIn11-50 employeesmining & metals

Other plans on this EIN

1 filing

#005Retirement-$190K assets

Prospect flagsHigh feesLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$2M

-12.3% from 2021

Total participants

+5.9% from 2021

Average account balance

$56,289

-17.2% from 2021

Annual return

-16.53%

-27.77 pp from 2021

Benchmarks

See 801 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants25-99

Cohort801 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.66M

Not enough data

1 years with asset history on file

Average account balance

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

$99K

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.

108.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$144K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7404

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

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

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 codes2E2F2G2J3D3H2T

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

3 tripped

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.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$38K

$1468 / participant

Other / not subdivided$38K100.0%

% of EOY assets

1.884%

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: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,289

$76,912-26.8%

$129,110-56.4%

$68,495-17.8%

Participation rate

100.0%

69.1%+30.9pp

77.3%+22.7pp

67.9%+32.1pp

Annual return

-16.53%

-9.78%-6.7pp

-10.94%-5.6pp

-7.84%-8.7pp

Employer contribution / active EE

$3,837

$3,243+18.3%

$5,052-24.1%

$2,596+47.8%

Participant deferral / active EE

$1,364

$4,732-71.2%

$6,542-79.2%

$4,028-66.1%

Admin fee / account holder

$1,060

$6,638-84.0%

$14,302-92.6%

$5,403-80.4%

WHIBCO OF NEW JERSEY PORT ELIZABETH PLANT RETIREMENT INCOME SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WHIBCO OF NEW JERSEY PORT ELIZABETH PLANT RETIREMENT INCOME 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