Retirement plan

EVOLUTION PAYROLL 401(K) AND PROFIT SHARING PLAN

Name: WIGGINS PAYROLL, INC. - EVOLUTION PAYROLL 401(K) AND PROFIT SHARING PLAN (2020) Form 5500
Creator: WIGGINS PAYROLL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EVOLUTION PAYROLL 401(K) AND PROFIT SHARING PLAN, WIGGINS PAYROLL, INC.

WIGGINS PAYROLL, INC.dba DBA EVOLUTION PAYROLL SERVICESEIN 20-2172382Plan #001PY 2020

1314 WEST CHESTER PIKE - WEST CHESTER, PA 19382610-429-4296wigginspayroll.comLinkedIn1-10 employeesmotion pictures and film

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$526K

+44.7% from 2019

Total participants

+12.5% from 2019

Average account balance

$58,447

+28.6% from 2019

Annual return

22.35%

-3.97 pp from 2019

Benchmarks

See 120,756 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort120,756 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.57M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

112.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$148K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+21.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$175

$22 / participant

Other / not subdivided$175100.0%

% of EOY assets

0.033%

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

$58,447

$165,381-64.7%

$149,730-61.0%

$158,966-63.2%

Participation rate

100.0%

84.6%+15.4pp

82.5%+17.5pp

82.0%+18.0pp

Annual return

22.35%

348.29%-325.9pp

276.70%-254.3pp

302.95%-280.6pp

Employer contribution / active EE

$2,391

$5,104-53.2%

$4,645-48.5%

$4,762-49.8%

Participant deferral / active EE

$7,766

$7,182+8.1%

$6,843+13.5%

$5,983+29.8%

Admin fee / account holder

$19

$10,809-99.8%

$9,310-99.8%

$11,250-99.8%

EVOLUTION PAYROLL 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EVOLUTION PAYROLL 401(K) AND PROFIT SHARING 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