Retirement plan

WASH MULTIFAMILY LAUNDRY SYSTEMS, LLC 401(K) PLAN

Name: WASH MULTIFAMILY LAUNDRY SYSTEMS LLC - WASH MULTIFAMILY LAUNDRY SYSTEMS, LLC 401(K) PLAN (2017) Form 5500
Creator: WASH MULTIFAMILY LAUNDRY SYSTEMS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WASH MULTIFAMILY LAUNDRY SYSTEMS, LLC 401(K) PLAN, WASH MULTIFAMILY LAUNDRY SYSTEMS LLC

WASH MULTIFAMILY LAUNDRY SYSTEMS LLCEIN 26-0544897Plan #001PY 2017

100 N SEPULVEDA BLVD 12TH FL - EL SEGUNDO, CA 90245310-643-8491LinkedIn11-50 employees

Prospect flagsRecently reached 100 employeesCorrective distributions

How to read this page

Total assets (EOY)

$62M

+18.0% from 2016

Total participants

994

+47.5% from 2016

Average account balance

$73,155

No prior year

Annual return

22.79%

+14.68 pp from 2016

Benchmarks

See 808 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort808 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$98.63M

Not enough data

1 years with asset history on file

Average account balance

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

$125K

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.

790

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.

65.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.72M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$299

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
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO ADVISORS, LLC Service code 27 · EIN 34-1542819	Advisory (Plan)	$83,340
WELLS FARGO BANK, N.A.1 year Service code 15 · EIN 94-1347393	Recordkeeping	$78,706

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D

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

2 tripped

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

$163K

$179 / participant

Other / not subdivided$163K100.0%

% of EOY assets

0.263%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$73,155

$46,100+58.7%

$86,581-15.5%

$69,631+5.1%

Participation rate

83.9%

67.2%+16.7pp

73.5%+10.3pp

70.7%+13.2pp

Annual return

22.79%

21.02%+1.8pp

965.06%-942.3pp

27571.02%-27548.2pp

Employer contribution / active EE

$1,509

$1,850-18.4%

$2,840-46.8%

$2,032-25.7%

Participant deferral / active EE

$2,765

$2,432+13.7%

$3,609-23.4%

$3,224-14.2%

Admin fee / account holder

$193

$94+105.2%

$4,904-96.1%

$110+74.3%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.2 years

Filed as: WELLS FARGO ADVISORS, LLC

Service code 27 · EIN 34-1542819

Advisory (Plan)

$83,340

WELLS FARGO BANK, N.A.1 year

Service code 15 · EIN 94-1347393

Recordkeeping

$78,706

WASH MULTIFAMILY LAUNDRY SYSTEMS, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WASH MULTIFAMILY LAUNDRY SYSTEMS, LLC 401(K) 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