Retirement plan

WENGERS OF MYERSTOWN 401(K) THRIFT PLAN

Name: WENGERS OF MYERSTOWN - WENGERS OF MYERSTOWN 401(K) THRIFT PLAN (2015) Form 5500
Creator: WENGERS OF MYERSTOWN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WENGERS OF MYERSTOWN 401(K) THRIFT PLAN, WENGERS OF MYERSTOWN

WENGERS OF MYERSTOWNEIN 23-1527622Plan #001PY 2015

POST OFFICE BOX 409 - MYERSTOWN, PA 170672502717-866-2130wengers.comLinkedIn51-200 employeesretail

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$7.1M

No prior year

Total participants

144

No prior year

Average account balance

$49,630

No prior year

Annual return

-3.42%

No prior year

Benchmarks

See 2,111 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,111 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.46M

Not enough data

1 years with asset history on file

Average account balance

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

$95K

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.

163

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.

96.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$806K

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

+13.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$372

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 2 by compensation

Provider	Service type	Compensation
BENEFITWORKS1+ years Service code 15 · EIN 25-1460275 336 CUMBERLAND STREET · LEBANON, PA 17042	Recordkeeping	$38,354
GARCIA, GARMAN & SHEA PC1+ years Service code 10 · EIN 23-2871804 216 SOUTH EIGHTH STREET · LEBANON, PA 17042	Accounting	$7,700

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$46K

$384 / participant

Other / not subdivided$46K100.0%

% of EOY assets

0.644%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GARCIA GARMAN & SHEA, PC
Auditor EIN: 232871804
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,630

$57,108-13.1%

$94,228-47.3%

$52,331-5.2%

Participation rate

100.0%

72.9%+27.1pp

78.8%+21.2pp

68.1%+31.9pp

Annual return

-3.42%

1.47%-4.9pp

10.68%-14.1pp

4.54%-8.0pp

Employer contribution / active EE

$1,428

$1,735-17.7%

$3,587-60.2%

$1,882-24.1%

Participant deferral / active EE

$2,654

$3,040-12.7%

$4,320-38.6%

$3,022-12.2%

Admin fee / account holder

$320

$546-41.5%

$6,269-94.9%

$592-45.9%

Provider

Service type

Compensation

BENEFITWORKS1+ years

Service code 15 · EIN 25-1460275

336 CUMBERLAND STREET · LEBANON, PA 17042

Recordkeeping

$38,354

GARCIA, GARMAN & SHEA PC1+ years

Service code 10 · EIN 23-2871804

216 SOUTH EIGHTH STREET · LEBANON, PA 17042

Accounting

$7,700

WENGERS OF MYERSTOWN 401(K) THRIFT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WENGERS OF MYERSTOWN 401(K) THRIFT 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