Retirement plan

NEWTOWN ARTESIAN WATER COMPANY 401(K) PROFIT SHARING PLAN

Name: NEWTOWN ARTESIAN WATER COMPANY - NEWTOWN ARTESIAN WATER COMPANY 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: NEWTOWN ARTESIAN WATER COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEWTOWN ARTESIAN WATER COMPANY 401(K) PROFIT SHARING PLAN, NEWTOWN ARTESIAN WATER COMPANY

NEWTOWN ARTESIAN WATER COMPANYEIN 23-0917080Plan #001PY 2016

PO BOX 217 - NEWTOWN, PA 189400217215-968-6781newtownwater.comLinkedIn1-10 employeespublic safety

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.5M

+4.3% from 2015

Total participants

+9.1% from 2015

Average account balance

$133,293

-5.1% from 2015

Annual return

10.67%

+13.78 pp from 2015

Benchmarks

See 1,255 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants<25

Cohort1,255 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.28M

Not enough data

1 years with asset history on file

Average account balance

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

$134K

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.

121.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$128K

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

+13.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$27090

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 codes2E2J2G3D2F2T

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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$161K

$14644 / participant

Other / not subdivided$161K100.0%

% of EOY assets

10.986%

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

$133,293

$88,583+50.5%

$88,497+50.6%

$273,972-51.3%

Participation rate

90.9%

83.5%+7.4pp

82.4%+8.5pp

83.0%+7.9pp

Annual return

10.67%

5.68%+5.0pp

7.63%+3.0pp

41.46%-30.8pp

Employer contribution / active EE

$2,866

$4,502-36.3%

$4,036-29.0%

$4,869-41.1%

Participant deferral / active EE

$3,347

$4,891-31.6%

$4,899-31.7%

$5,287-36.7%

Admin fee / account holder

$14,644

$8,980+63.1%

$6,220+135.4%

$10,133+44.5%

NEWTOWN ARTESIAN WATER COMPANY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEWTOWN ARTESIAN WATER COMPANY 401(K) 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