Retirement plan

THE PROFIT SHARING AND RETIREMENT PLAN OF WAGMAN, INC.

Name: WAGMAN, INC. - THE PROFIT SHARING AND RETIREMENT PLAN OF WAGMAN, INC. (2024) Form 5500
Creator: WAGMAN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE PROFIT SHARING AND RETIREMENT PLAN OF WAGMAN, INC., WAGMAN, INC.

WAGMAN, INC.EIN 23-2200489Plan #001PY 2024

3290 NORTH SUSQUEHANNA TRAIL - YORK, PA 17406717-764-8521wagman.comLinkedIn501-1000 employeesconstruction

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$93.5M

+16.2% from 2023

Total participants

721

+9.1% from 2023

Average account balance

$143,807

+15.6% from 2023

Annual return

11.79%

-4.69 pp from 2023

Benchmarks

See 1,561 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,561 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$93.47M

Not enough data

1 years with asset history on file

Average account balance

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

$144K

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.

650

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.

87.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.51M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+11.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$95

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 4 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC1 year Service code 15 1307 POINT STREET · BALTIMORE, MD 21231	Recordkeeping	$36,782
THE VANGUARD GROUP, INC.4 years Filed as: VANGUARD ADVISERS INC. Service code 26 · EIN 23-2811930	Advisory (Participants)	$10,212
MCKONLY & ASBURY LLP1 year Filed as: MCKONLY & ASBURY, LLP Service code 10 415 FALLOWFIELD ROAD · CAMP HILL, PA 17011	Accounting	$6,760
SAGEWORTH TRUST COMPANY10+ years Service code 10 1861 SANTA BARBARA DRIVE · LANCASTER, PA 17601	Accounting	$5,000

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$62K

$107 / participant

Recordkeeping$37K59.7%
Investment mgmt$10K16.6%
Legal$4500.7%
Other / not subdivided$14K23.0%

% of EOY assets

0.066%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MCKONLY & ASBURY, LLP
Auditor EIN: 231909723
Audit fees: $6,760
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$143,807

$83,023+73.2%

$102,437+40.4%

$77,762+84.9%

Participation rate

87.7%

71.5%+16.1pp

74.5%+13.2pp

70.6%+17.1pp

Annual return

11.79%

19.12%-7.3pp

24.95%-13.2pp

31.27%-19.5pp

Employer contribution / active EE

$15,977

$3,552+349.8%

$3,871+312.8%

$2,728+485.7%

Participant deferral / active EE

$5,737

$4,110+39.6%

$5,060+13.4%

$4,651+23.4%

Admin fee / account holder

$95

$639-85.2%

$8,388-98.9%

$433-78.1%

Provider

Service type

Compensation

T ROWE PRICE RPS INC1 year

Service code 15

1307 POINT STREET · BALTIMORE, MD 21231

Recordkeeping

$36,782

THE VANGUARD GROUP, INC.4 years

Filed as: VANGUARD ADVISERS INC.

Service code 26 · EIN 23-2811930

Advisory (Participants)

$10,212

MCKONLY & ASBURY LLP1 year

Filed as: MCKONLY & ASBURY, LLP

Service code 10

415 FALLOWFIELD ROAD · CAMP HILL, PA 17011

Accounting

$6,760

SAGEWORTH TRUST COMPANY10+ years

Service code 10

1861 SANTA BARBARA DRIVE · LANCASTER, PA 17601

Accounting

$5,000

THE PROFIT SHARING AND RETIREMENT PLAN OF WAGMAN, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE PROFIT SHARING AND RETIREMENT PLAN OF WAGMAN, INC.

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