Retirement plan

WILLIG, WILLIAMS & DAVIDSON UNION PLUS 401(K) & PROFIT SHARING PLAN

Name: WILLIG, WILLIAMS, & DAVIDSON - WILLIG, WILLIAMS & DAVIDSON UNION PLUS 401(K) & PROFIT SHARING PLAN (2024) Form 5500
Creator: WILLIG, WILLIAMS, & DAVIDSON
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WILLIG, WILLIAMS & DAVIDSON UNION PLUS 401(K) & PROFIT SHARING PLAN, WILLIG, WILLIAMS, & DAVIDSON

WILLIG, WILLIAMS, & DAVIDSONEIN 23-2416488Plan #002PY 2024

1845 WALNUT STREET, 24TH FLOOR - PHILADELPHIA, PA 19103215-656-3631wwdlaw.comLinkedIn51-200 employeeslaw practice

Other plans on this EIN

1 filing

#001Retirement-$18.2M assets

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$1.7M

+0.8% from 2023

Total participants

+14.3% from 2023

Average account balance

$56,330

-9.0% from 2023

Annual return

13.02%

-19.54 pp from 2023

Benchmarks

See 143,710 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort143,710 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.75M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

193.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$74K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9537

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 codes2E2F2G2J3B

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$296K

$18478 / participant

Other / not subdivided$296K100.0%

% of EOY assets

16.930%

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

$56,330

$160,040-64.8%

$147,096-61.7%

$145,877-61.4%

Participation rate

93.8%

84.0%+9.7pp

82.2%+11.6pp

80.3%+13.4pp

Annual return

13.02%

98.49%-85.5pp

419.75%-406.7pp

551.28%-538.3pp

Employer contribution / active EE

$2,953

$5,289-44.2%

$4,936-40.2%

$4,663-36.7%

Participant deferral / active EE

$1,655

$8,429-80.4%

$8,071-79.5%

$6,691-75.3%

Admin fee / account holder

$9,537

$15,050-36.6%

$13,005-26.7%

$13,402-28.8%

WILLIG, WILLIAMS & DAVIDSON UNION PLUS 401(K) & PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WILLIG, WILLIAMS & DAVIDSON UNION PLUS 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