Retirement plan

WEBSTER SAVINGS PLAN

Name: WEBSTER INDUSTRIES, INC. - WEBSTER SAVINGS PLAN (2016) Form 5500
Creator: WEBSTER INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WEBSTER SAVINGS PLAN, WEBSTER INDUSTRIES, INC.

WEBSTER INDUSTRIES, INC.EIN 34-1059179Plan #003PY 2016

325 HALL ST. - TIFFIN, OH 448831419419-447-8232websterchain.comLinkedIn201-500 employeesmachinery

Other plans on this EIN

1 filing

#005Retirement-$3.1M assets

Prospect flagsLow returnsCorrective distributions

Top hat statement on fileNQDC

Filed January 15, 2020 (most recent of 2 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

325 Hall St.

Tiffin, OH 44883

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (2)

Webster Deferred Compensation Plan5 emp
Webster Phantom Stock Plan5 emp

Total covered: 10 employees

Open the filing PDF

How to read this page

Total assets (EOY)

$14M

-12.1% from 2015

Total participants

128

+6.7% from 2015

Average account balance

$114,740

-15.7% from 2015

Annual return

0.45%

+4.83 pp from 2015

Benchmarks

See 15,087 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort15,087 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.40M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

175

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.

66.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.45M

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

-80.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$304

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
STRAGEGIC FINANCIAL SERVICES2+ years Filed as: STRAGEGIC INVESTMENT ADVISORS Service code 26 110 E. MAIN CROSS, STE. 202 · FINDLAY, OH 45840	Advisory (Participants)	$20,357
ALERUS FINANCIAL, N.A.2+ years Service code 15 · EIN 45-6062081	Recordkeeping	$10,114

Plan features & details

Pension benefit codes2E2F2H2J2K2O2T

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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$30K

$350 / participant

Other / not subdivided$30K100.0%

% of EOY assets

0.218%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GBQ PARTNERS, LLC
Auditor EIN: 202122306
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$114,740

$60,349+90.1%

$74,184+54.7%

$62,881+82.5%

Participation rate

93.1%

72.7%+20.4pp

76.6%+16.5pp

69.3%+23.8pp

Annual return

0.45%

21.38%-20.9pp

17.74%-17.3pp

20.14%-19.7pp

Employer contribution / active EE

$14,027

$1,680+734.8%

$2,370+491.8%

$2,281+515.0%

Participant deferral / active EE

$2,845

$2,856-0.4%

$3,550-19.8%

$3,203-11.2%

Admin fee / account holder

$250

$4,261-94.1%

$5,586-95.5%

$4,296-94.2%

Provider

Service type

Compensation

STRAGEGIC FINANCIAL SERVICES2+ years

Filed as: STRAGEGIC INVESTMENT ADVISORS

Service code 26

110 E. MAIN CROSS, STE. 202 · FINDLAY, OH 45840

Advisory (Participants)

$20,357

ALERUS FINANCIAL, N.A.2+ years

Service code 15 · EIN 45-6062081

Recordkeeping

$10,114

WEBSTER SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WEBSTER SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

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