Retirement plan

W.C. MCQUAIDE, INC. 401(K) PROFIT SHARING PLAN

Name: W.C. MCQUAIDE, INC. - W.C. MCQUAIDE, INC. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: W.C. MCQUAIDE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, W.C. MCQUAIDE, INC. 401(K) PROFIT SHARING PLAN, W.C. MCQUAIDE, INC.

W.C. MCQUAIDE, INC.EIN 25-1050009Plan #004PY 2017

153 MACRIDGE AVE - JOHNSTOWN, PA 159042916814-269-6000LinkedIn51-200 employeespackage/freight delivery

Other plans on this EIN

1 filing

#002Retirement-$3.4M assets

Prospect flagsLow participationRecently reached 100 employeesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$3.2M

+11.4% from 2016

Total participants

155

+3.3% from 2016

Average account balance

$29,385

-9.1% from 2016

Annual return

14.57%

+7.08 pp from 2016

Benchmarks

See 1,029 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,029 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.57M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

53.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$165K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$276

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 6 by compensation

Provider	Service type	Compensation
DAILYACCESS CORPORATION3+ years Service code 15 · EIN 63-1156117	Recordkeeping	$6,411
KOTZAN CPA & ASSOCIATES, P.C.1 year Service code 10 · EIN 26-2055351 334 BUDFIELD STREET, SUITE 180 · JOHNSTOWN, PA 15904	Accounting	$6,000
1ST SUMMIT BANK1 year Service code 26 125 DONALD LANE · JOHNSTOWN, PA 15904	Advisory (Participants)	$3,512
CBIZ RETIREMENT PLAN SERVICES3+ years Filed as: CBIZ BENEFITS & INSURANCE SERVICES Service code 13	Contract Administrator	$1,125
CURCIO WEBB2 years Filed as: CURCIO WEBB LLC Service code 13 · EIN 36-4171366 610 16TH STREET, SUITE 205 · OAKLAND, CA 94612	Contract Administrator	$975
NEWPORT GROUP, INC.1 year Filed as: NEWPORT GROUP Service code 64	Recordkeeping Fees	$750

Plan features & details

Pension benefit codes2E2J2K2G2F3D

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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$19K

$161 / participant

Investment mgmt$8K40.6%
Contract admin$5K27.3%
Other / not subdivided$6K32.1%

% of EOY assets

0.584%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: KOTZAN CPA & ASSOCIATES, P.C.
Auditor EIN: 262055351
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,385

$46,297-36.5%

$71,671-59.0%

$62,293-52.8%

Participation rate

60.3%

60.6%-0.3pp

68.7%-8.4pp

69.5%-9.2pp

Annual return

14.57%

22.32%-7.7pp

20.65%-6.1pp

28.90%-14.3pp

Employer contribution / active EE

$258

$1,412-81.8%

$2,460-89.5%

$2,042-87.4%

Participant deferral / active EE

$1,338

$2,235-40.1%

$3,438-61.1%

$3,169-57.8%

Admin fee / account holder

$171

$461-62.8%

$5,558-96.9%

$479-64.2%

Provider

Service type

Compensation

DAILYACCESS CORPORATION3+ years

Service code 15 · EIN 63-1156117

Recordkeeping

$6,411

KOTZAN CPA & ASSOCIATES, P.C.1 year

Service code 10 · EIN 26-2055351

334 BUDFIELD STREET, SUITE 180 · JOHNSTOWN, PA 15904

Accounting

$6,000

1ST SUMMIT BANK1 year

Service code 26

125 DONALD LANE · JOHNSTOWN, PA 15904

Advisory (Participants)

$3,512

CBIZ RETIREMENT PLAN SERVICES3+ years

Filed as: CBIZ BENEFITS & INSURANCE SERVICES

Service code 13

Contract Administrator

$1,125

CURCIO WEBB2 years

Filed as: CURCIO WEBB LLC

Service code 13 · EIN 36-4171366

610 16TH STREET, SUITE 205 · OAKLAND, CA 94612

Contract Administrator

$975

NEWPORT GROUP, INC.1 year

Filed as: NEWPORT GROUP

Service code 64

Recordkeeping Fees

$750

W.C. MCQUAIDE, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

W.C. MCQUAIDE, INC. 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