Retirement plan

FERNO-WASHINGTON, INC. SAVINGS AND RETIREMENT PLAN

Name: FERNO-WASHINGTON, INC. - FERNO-WASHINGTON, INC. SAVINGS AND RETIREMENT PLAN (2019) Form 5500
Creator: FERNO-WASHINGTON, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FERNO-WASHINGTON, INC. SAVINGS AND RETIREMENT PLAN, FERNO-WASHINGTON, INC.

FERNO-WASHINGTON, INC.EIN 31-0595222Plan #003PY 2019

70 WEIL WAY - WILMINGTON, OH 451779371937-283-2804LinkedIn51-200 employeesinformation technology and services

Prospect flagsLow participation

Top hat statement on fileNQDC

Filed October 9, 2024 (most recent of 3 filings on file)

Plan administrator

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70 Weil Way

Wilmington, OH 45177

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Plans declared (1)

Ferno Washington, Inc. Long Term Incentive Plan3 emp

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Total assets (EOY)

$23.9M

+21.5% from 2018

Total participants

311

+1.0% from 2018

Average account balance

$115,292

+18.0% from 2018

Annual return

24.44%

+26.15 pp from 2018

Benchmarks

See 1,312 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,312 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$33.08M

Not enough data

1 years with asset history on file

Average account balance

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

$132K

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.

251

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.

81.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+16.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$117

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 3 by compensation

Provider	Service type	Compensation
BARNES, IACCARINO & SHEPHERD LLP5+ years Filed as: BARNES DENNIG Service code 10 150 EAST FOURTH ST · CINCINNATI, OH 45202	Accounting	$9,250
ESLER & VANDERSCHAAFF CO., L.P.A2 years Filed as: ESLER & VANDERSCHAAF CO., LPA Service code 16 2912 SPRINGBORO WEST · DAYTONA BEACH, OH 45439	Consulting	$8,870
T ROWE PRICE RPS INC5+ years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$2,706

Plan features & details

Pension benefit codes2E2F2G2J2K3D3F

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$21K

$80 / participant

Other / not subdivided$21K100.0%

% of EOY assets

0.087%

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: BARNES DENNIG
Auditor EIN: 311119890
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$115,292

$40,174+187.0%

$84,023+37.2%

$67,582+70.6%

Participation rate

60.2%

62.7%-2.5pp

69.0%-8.9pp

71.3%-11.1pp

Annual return

24.44%

25.82%-1.4pp

71.32%-46.9pp

378.57%-354.1pp

Employer contribution / active EE

$379

$808-53.0%

$1,984-80.9%

$2,148-82.3%

Participant deferral / active EE

$2,437

$2,301+5.9%

$3,239-24.8%

$3,539-31.2%

Admin fee / account holder

$101

$128-21.6%

$6,102-98.4%

$142-29.3%

Provider

Service type

Compensation

BARNES, IACCARINO & SHEPHERD LLP5+ years

Filed as: BARNES DENNIG

Service code 10

150 EAST FOURTH ST · CINCINNATI, OH 45202

Accounting

$9,250

ESLER & VANDERSCHAAFF CO., L.P.A2 years

Filed as: ESLER & VANDERSCHAAF CO., LPA

Service code 16

2912 SPRINGBORO WEST · DAYTONA BEACH, OH 45439

Consulting

$8,870

T ROWE PRICE RPS INC5+ years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$2,706

FERNO-WASHINGTON, INC. SAVINGS AND RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FERNO-WASHINGTON, INC. SAVINGS AND RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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