Retirement plan

WELESKI TRANSFER, INC. 401(K) PROFIT SHARING PLAN

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

WELESKI TRANSFER, INC.EIN 25-1215764Plan #001PY 2017

140 WEST FOURTH AVE., PO BOX 428 - TARENTUM, PA 150840428724-224-3330weleski.comLinkedIn51-200 employeestransportation/trucking/railroad

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$6.1M

+7.1% from 2016

Total participants

121

-24.8% from 2016

Average account balance

$87,552

+19.4% from 2016

Annual return

13.76%

+4.91 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

$7.50M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

103

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.

72.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$285K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+18.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$162

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
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 37 · EIN 04-2647786	Loan Processing	$14,862
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RET INSURANCE AND ANNUITY CO Service code 99 · EIN 71-0294708	Other Fees	$650

Plan features & details

Pension benefit codes2E2F2G2J2T3H

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.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$16K

$135 / participant

Other / not subdivided$16K100.0%

% of EOY assets

0.253%

all-in expense ratio

Categories reported

0 / 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: DELUZIO & COMPANY, LLP
Auditor EIN: 453941203
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$87,552

$46,297+89.1%

$71,671+22.2%

$62,293+40.5%

Participation rate

55.7%

60.6%-5.0pp

68.7%-13.1pp

69.5%-13.9pp

Annual return

13.76%

22.32%-8.6pp

20.65%-6.9pp

28.90%-15.1pp

Employer contribution / active EE

$214

$1,412-84.8%

$2,460-91.3%

$2,042-89.5%

Participant deferral / active EE

$1,380

$2,235-38.3%

$3,438-59.9%

$3,169-56.5%

Admin fee / account holder

$222

$461-51.9%

$5,558-96.0%

$479-53.8%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 37 · EIN 04-2647786

Loan Processing

$14,862

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RET INSURANCE AND ANNUITY CO

Service code 99 · EIN 71-0294708

Other Fees

$650

WELESKI TRANSFER, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WELESKI TRANSFER, 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