Retirement plan

WILLIG, WILLIAMS & DAVIDSON PROFIT SHARING PLAN FOR UNION EMPLOYEES

Name: WILLIG, WILLIAMS, & DAVIDSON - WILLIG, WILLIAMS & DAVIDSON PROFIT SHARING PLAN FOR UNION EMPLOYEES (2021) Form 5500
Creator: WILLIG, WILLIAMS, & DAVIDSON
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WILLIG, WILLIAMS & DAVIDSON PROFIT SHARING PLAN FOR UNION EMPLOYEES, WILLIG, WILLIAMS, & DAVIDSON

WILLIG, WILLIAMS, & DAVIDSONEIN 23-2416488Plan #002PY 2021

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

Other plans on this EIN

1 filing

#001Retirement-$19.5M assets

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$1.7M

+0.3% from 2020

Total participants

-7.1% from 2020

Average account balance

$66,669

+12.4% from 2020

Annual return

12.40%

+1.66 pp from 2020

Benchmarks

See 126,087 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort126,087 peers

Snapshot2021

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

$286K

$17893 / participant

Other / not subdivided$286K100.0%

% of EOY assets

17.176%

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

$66,669

$176,120-62.1%

$159,487-58.2%

$167,553-60.2%

Participation rate

93.8%

85.0%+8.8pp

82.8%+10.9pp

82.1%+11.6pp

Annual return

12.40%

331.95%-319.5pp

263.71%-251.3pp

478.89%-466.5pp

Employer contribution / active EE

$3,780

$5,299-28.7%

$4,831-21.8%

$4,840-21.9%

Participant deferral / active EE

$995

$7,752-87.2%

$7,354-86.5%

$6,343-84.3%

Admin fee / account holder

$11,451

$12,561-8.8%

$10,804+6.0%

$12,316-7.0%

WILLIG, WILLIAMS & DAVIDSON PROFIT SHARING PLAN FOR UNION EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WILLIG, WILLIAMS & DAVIDSON PROFIT SHARING PLAN FOR UNION EMPLOYEES

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