Retirement plan

WESTERN EQUIPMENT, LLC RETIREMENT SAVINGS PLAN

Name: WESTERN EQUIPMENT, LLC - WESTERN EQUIPMENT, LLC RETIREMENT SAVINGS PLAN (2016) Form 5500
Creator: WESTERN EQUIPMENT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTERN EQUIPMENT, LLC RETIREMENT SAVINGS PLAN, WESTERN EQUIPMENT, LLC

WESTERN EQUIPMENT, LLCEIN 30-0134973Plan #001PY 2016

404 FRISCO AVENUE - CLINTON, OK 73601580-323-0030west-equip.comLinkedIn501-1000 employeesfarming

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$15.9M

+11.5% from 2015

Total participants

302

-3.2% from 2015

Average account balance

$54,904

+19.2% from 2015

Annual return

9.11%

+10.53 pp from 2015

Benchmarks

See 263 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort263 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$52.41M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

753

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.

88.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.13M

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

+12.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$160

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
ALLIANCE BENEFIT GROUP2+ years Filed as: ALLIANCE BENEFIT GROUP OF ILLINOIS Service code 15 · EIN 37-0899315	Recordkeeping	$33,503
LT TRUST COMPANY2+ years Filed as: MG TRUST COMPANY Service code 19 · EIN 20-1591048	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2H2J2K2T3D2F

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$15K

$57 / participant

Investment mgmt$4K29.1%
Other / not subdivided$11K70.9%

% of EOY assets

0.097%

all-in expense ratio

Categories reported

1 / 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: FSW&B CPA'S PLLC
Auditor EIN: 464019637
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,904

$57,103-3.9%

$87,502-37.3%

$57,658-4.8%

Participation rate

95.5%

64.3%+31.2pp

73.8%+21.7pp

70.2%+25.3pp

Annual return

9.11%

12.71%-3.6pp

12.21%-3.1pp

5.13%+4.0pp

Employer contribution / active EE

$2,246

$1,107+102.8%

$2,550-11.9%

$1,974+13.8%

Participant deferral / active EE

$3,165

$2,250+40.7%

$3,149+0.5%

$3,061+3.4%

Admin fee / account holder

$53

$281-81.1%

$4,221-98.7%

$95-43.8%

Provider

Service type

Compensation

ALLIANCE BENEFIT GROUP2+ years

Filed as: ALLIANCE BENEFIT GROUP OF ILLINOIS

Service code 15 · EIN 37-0899315

Recordkeeping

$33,503

LT TRUST COMPANY2+ years

Filed as: MG TRUST COMPANY

Service code 19 · EIN 20-1591048

Securities Custodian

WESTERN EQUIPMENT, LLC RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTERN EQUIPMENT, LLC RETIREMENT SAVINGS 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