Retirement plan

WENGERS OF MYERSTOWN 401(K) THRIFT PLAN

Name: WENGERS OF MYERSTOWN - WENGERS OF MYERSTOWN 401(K) THRIFT PLAN (2017) 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 2017

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$9.1M

+17.8% from 2016

Total participants

142

-1.4% from 2016

Average account balance

$65,477

+18.6% from 2016

Annual return

18.12%

+6.25 pp from 2016

Benchmarks

See 2,371 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,371 peers

Snapshot2017

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
BENEFITWORKS3+ years Service code 15 · EIN 25-1460275 336 CUMBERLAND STREET · LEBANON, PA 17042	Recordkeeping	$43,047
GARCIA, GARMAN & SHEA PC3+ years Service code 10 · EIN 23-2871804 216 SOUTH EIGHTH STREET · LEBANON, PA 17042	Accounting	$8,100

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

$51K

$423 / participant

Other / not subdivided$51K100.0%

% of EOY assets

0.562%

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

$65,477

$71,192-8.0%

$117,861-44.4%

$62,293+5.1%

Participation rate

97.5%

74.2%+23.3pp

79.7%+17.9pp

69.5%+28.0pp

Annual return

18.12%

18.66%-0.5pp

335.11%-317.0pp

28.90%-10.8pp

Employer contribution / active EE

$1,428

$1,934-26.2%

$3,786-62.3%

$2,042-30.1%

Participant deferral / active EE

$3,414

$3,189+7.1%

$4,482-23.8%

$3,169+7.7%

Admin fee / account holder

$368

$587-37.3%

$8,021-95.4%

$479-23.2%

Provider

Service type

Compensation

BENEFITWORKS3+ years

Service code 15 · EIN 25-1460275

336 CUMBERLAND STREET · LEBANON, PA 17042

Recordkeeping

$43,047

GARCIA, GARMAN & SHEA PC3+ years

Service code 10 · EIN 23-2871804

216 SOUTH EIGHTH STREET · LEBANON, PA 17042

Accounting

$8,100

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