Retirement plan

WILLOWAY NURSERIES, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: WILLOWAY NURSERIES, INC. - WILLOWAY NURSERIES, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2020) Form 5500
Creator: WILLOWAY NURSERIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WILLOWAY NURSERIES, INC. 401(K) PROFIT SHARING PLAN AND TRUST, WILLOWAY NURSERIES, INC.

WILLOWAY NURSERIES, INC.EIN 34-1038898Plan #001PY 2020

4534 CENTER ROAD - AVON, OH 44011440-934-4435willowaynurseries.comLinkedIn201-500 employeeswholesale

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$9.7M

+9.9% from 2019

Total participants

188

+1.6% from 2019

Average account balance

$59,776

+8.6% from 2019

Annual return

5.00%

+0.08 pp from 2019

Benchmarks

See 495 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort495 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.52M

Not enough data

1 years with asset history on file

Average account balance

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

$100K

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.

165

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.

78.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$974K

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

+12.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$411

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 5 by compensation

Provider	Service type	Compensation
NATIONWIDE5+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$68,462
MGO INVESTMENT ADVISORS2 years Service code 26 24400 CHAGRIN BLVD. · BEACHWOOD, OH 44122	Advisory (Participants)	$20,364
MEADEN & MOORE, LTD.4 years Filed as: MEADEN & MOORE Service code 10 1100 SUPERIOR AVE · CLEVELAND, OH 441142523	Accounting	$8,500
MOSKAL GROSS ORCHOSKY3 years Service code 15	Recordkeeping	$3,818
MOSKAL GROSS ORCHOSKY5+ years Filed as: MOSKAL GROSS ORCHOSKY INC. Service code 16 24400 CHAGRIN BLVD · BEACHWOOD, OH 44122	Consulting	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$92K

$669 / participant

Investment mgmt$92K100.0%

% of EOY assets

0.953%

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: MEADEN & MOORE
Auditor EIN: 341818258
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,776

$59,328+0.8%

$118,946-49.7%

$73,493-18.7%

Participation rate

81.2%

62.3%+18.9pp

75.4%+5.8pp

70.7%+10.5pp

Annual return

5.00%

19.13%-14.1pp

35.89%-30.9pp

28.51%-23.5pp

Employer contribution / active EE

$1,336

$1,803-25.9%

$3,263-59.1%

$2,270-41.2%

Participant deferral / active EE

$3,584

$2,604+37.6%

$4,266-16.0%

$3,740-4.2%

Admin fee / account holder

$570

$600-5.1%

$6,581-91.3%

$513+11.0%

Provider

Service type

Compensation

NATIONWIDE5+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$68,462

MGO INVESTMENT ADVISORS2 years

Service code 26

24400 CHAGRIN BLVD. · BEACHWOOD, OH 44122

Advisory (Participants)

$20,364

MEADEN & MOORE, LTD.4 years

Filed as: MEADEN & MOORE

Service code 10

1100 SUPERIOR AVE · CLEVELAND, OH 441142523

Accounting

$8,500

MOSKAL GROSS ORCHOSKY3 years

Service code 15

Recordkeeping

$3,818

MOSKAL GROSS ORCHOSKY5+ years

Filed as: MOSKAL GROSS ORCHOSKY INC.

Service code 16

24400 CHAGRIN BLVD · BEACHWOOD, OH 44122

Consulting

WILLOWAY NURSERIES, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WILLOWAY NURSERIES, INC. 401(K) PROFIT SHARING PLAN AND TRUST

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