Retirement plan

WASHINGTON MILLS MANAGEMENT, INC. 401(K) AND PROFI

Name: WASHINGTON MILLS MANAGEMENT, INC. - WASHINGTON MILLS MANAGEMENT, INC. 401(K) AND PROFI (2018) Form 5500
Creator: WASHINGTON MILLS MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WASHINGTON MILLS MANAGEMENT, INC. 401(K) AND PROFI, WASHINGTON MILLS MANAGEMENT, INC.

WASHINGTON MILLS MANAGEMENT, INC.EIN 26-1206539Plan #002PY 2018

1801 BUFFALO AVE. - NIAGARA FALLS, NY 14302716-693-4550LinkedIn1-10 employeesmining & metals

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$46.5M

-1.8% from 2017

Total participants

273

+7.1% from 2017

Average account balance

$172,816

-9.1% from 2017

Annual return

-1.91%

-15.01 pp from 2017

Benchmarks

See 302 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants100-249

Cohort302 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$72.63M

Not enough data

1 years with asset history on file

Average account balance

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

$229K

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.

317

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.

98.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+13.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$399

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

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Service providers

Top 9 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$116,287
FIDUCIARY INVESTMENT ADVISORS3 years Filed as: FIDICUARY INVESTMENT ADVISORS Service code 27 · EIN 20-4751585	Advisory (Plan)	$33,381
FIDUCIARY INVESTMENT ADVISORS2 years Filed as: FIDUCIARY INVESTMENT ADVISORS LLC Service code 16 · EIN 20-4751585	Consulting	$26,536
AMERICAN FUNDS2 years Service code 52 · EIN 95-2817150	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT2 years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
PIONEER2 years Service code 52 · EIN 03-0460956	Indirect Investment Fees	$0
RIDGEWORTH2 years Service code 52 · EIN 95-6981193	Indirect Investment Fees	$0
THE HARTFORD2 years Service code 52 · EIN 13-3317783	Indirect Investment Fees	$0
THE VANGUARD GROUP, INC.2 years Filed as: VANGUARD Service code 52 · EIN 23-2311358	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D3H2T

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.
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.
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

1 tripped

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

$143K

$632 / participant

Investment mgmt$111K77.7%
Contract admin$5K3.8%
Other / not subdivided$27K18.6%

% of EOY assets

0.307%

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: STOWE AND DEGON
Auditor EIN: 043799904
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$172,816

$60,396+186.1%

$111,392+55.1%

$56,287+207.0%

Participation rate

98.2%

72.4%+25.8pp

78.9%+19.4pp

69.9%+28.4pp

Annual return

-1.91%

20.26%-22.2pp

-2.06%+0.1pp

-9.96%+8.0pp

Employer contribution / active EE

$3,788

$3,459+9.5%

$4,328-12.5%

$2,111+79.4%

Participant deferral / active EE

$4,812

$4,421+8.8%

$5,567-13.6%

$3,350+43.6%

Admin fee / account holder

$531

$610-13.0%

$12,266-95.7%

$521+1.9%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$116,287

FIDUCIARY INVESTMENT ADVISORS3 years

Filed as: FIDICUARY INVESTMENT ADVISORS

Service code 27 · EIN 20-4751585

Advisory (Plan)

$33,381

FIDUCIARY INVESTMENT ADVISORS2 years

Filed as: FIDUCIARY INVESTMENT ADVISORS LLC

Service code 16 · EIN 20-4751585

Consulting

$26,536

AMERICAN FUNDS2 years

Service code 52 · EIN 95-2817150

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT2 years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

PIONEER2 years

Service code 52 · EIN 03-0460956

Indirect Investment Fees

RIDGEWORTH2 years

Service code 52 · EIN 95-6981193

Indirect Investment Fees

THE HARTFORD2 years

Service code 52 · EIN 13-3317783

Indirect Investment Fees

THE VANGUARD GROUP, INC.2 years

Filed as: VANGUARD

Service code 52 · EIN 23-2311358

Indirect Investment Fees

WASHINGTON MILLS MANAGEMENT, INC. 401(K) AND PROFI

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WASHINGTON MILLS MANAGEMENT, INC. 401(K) AND PROFI

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