Retirement plan

WINGATE MANAGEMENT COMPANY 401(K) PLAN

Name: WINGATE MANAGEMENT COMPANY LLC - WINGATE MANAGEMENT COMPANY 401(K) PLAN (2020) Form 5500
Creator: WINGATE MANAGEMENT COMPANY LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WINGATE MANAGEMENT COMPANY 401(K) PLAN, WINGATE MANAGEMENT COMPANY LLC

WINGATE MANAGEMENT COMPANY LLCEIN 20-2388094Plan #001PY 2020

100 WELLS AVENUE - NEWTON, MA 02459617-558-4000LinkedIn51-200 employeesreal estate

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$21.6M

+20.3% from 2019

Total participants

702

+8.7% from 2019

Average account balance

$50,368

+13.8% from 2019

Annual return

16.07%

-13.05 pp from 2019

Benchmarks

See 615 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants250-999

Cohort615 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.61M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

536

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.

48.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.50M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+16.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$134

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
RESOURCES INVESTMENT ADVISORS LLC1 year Filed as: RESOURCES INVESTMENT ADVISORS DBA Service code 27 BUKATY COMPANIES · LEAWOOD, KS 66211	Advisory (Plan)	$32,391
PENSION ASSURANCE LLP4+ years Filed as: THE PENSION SERVICE, INC. Service code 13 127 WASHINGTON AVE, WEST WING · NORTH HAVEN, CT 06473	Contract Administrator	$24,185
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$16,381
GRAY, GRAY & GRAY1 year Filed as: GRAY GRAY & GRAY, LLP Service code 10 34 SOUTHWEST PARK · WESTWOOD, MA 02090	Accounting	$12,048
FUTURE BENEFITS4+ years Service code 99 1781 HIGHLAND AV, SUITE 205 · CHESHIRE, CT 06410	Other Fees	$2,845
GREAT-WEST LIFE & ANNUITY INSURANCE4+ years Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$21K

$37 / participant

Investment mgmt$21K100.0%

% of EOY assets

0.096%

all-in expense ratio

Categories reported

1 / 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: GRAY, GRAY & GRAY, LLP
Auditor EIN: 042088368
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,368

$56,152-10.3%

$185,827-72.9%

$73,412-31.4%

Participation rate

50.8%

67.6%-16.8pp

78.0%-27.2pp

72.2%-21.4pp

Annual return

16.07%

17.59%-1.5pp

35.96%-19.9pp

59.30%-43.2pp

Employer contribution / active EE

$191

$1,532-87.5%

$4,087-95.3%

$2,234-91.4%

Participant deferral / active EE

$2,572

$3,659-29.7%

$5,633-54.3%

$3,806-32.4%

Admin fee / account holder

$48

$132-63.5%

$9,502-99.5%

$158-69.5%

Provider

Service type

Compensation

RESOURCES INVESTMENT ADVISORS LLC1 year

Filed as: RESOURCES INVESTMENT ADVISORS DBA

Service code 27

BUKATY COMPANIES · LEAWOOD, KS 66211

Advisory (Plan)

$32,391

PENSION ASSURANCE LLP4+ years

Filed as: THE PENSION SERVICE, INC.

Service code 13

127 WASHINGTON AVE, WEST WING · NORTH HAVEN, CT 06473

Contract Administrator

$24,185

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$16,381

GRAY, GRAY & GRAY1 year

Filed as: GRAY GRAY & GRAY, LLP

Service code 10

34 SOUTHWEST PARK · WESTWOOD, MA 02090

Accounting

$12,048

FUTURE BENEFITS4+ years

Service code 99

1781 HIGHLAND AV, SUITE 205 · CHESHIRE, CT 06410

Other Fees

$2,845

GREAT-WEST LIFE & ANNUITY INSURANCE4+ years

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

WINGATE MANAGEMENT COMPANY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WINGATE MANAGEMENT COMPANY 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