Retirement plan

WHITLEY MANUFACTURING CO., INC. 401(K) RETIREMENT PLAN

Name: WHITLEY MANUFACTURING CO., INC. - WHITLEY MANUFACTURING CO., INC. 401(K) RETIREMENT PLAN (2017) Form 5500
Creator: WHITLEY MANUFACTURING CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WHITLEY MANUFACTURING CO., INC. 401(K) RETIREMENT PLAN, WHITLEY MANUFACTURING CO., INC.

WHITLEY MANUFACTURING CO., INC.EIN 35-1891014Plan #001PY 2017

201 W FIRST ST - SOUTH WHITLEY, IN 467871256260-723-5131whitleymanufacturing.comLinkedIn201-500 employees

Prospect flagsLow returnsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$3.4M

+7.3% from 2016

Total participants

175

+40.0% from 2016

Average account balance

$54,595

+36.2% from 2016

Annual return

12.44%

+6.21 pp from 2016

Benchmarks

See 1,975 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,975 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$300K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+17.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290	Contract Administrator	$11,915
LINCOLN NATIONAL CORPORATION1 year Filed as: LINCOLN INVESTMENT PLANNING INC Service code 49 · EIN 23-1702591	Other Services	$5,827
LEGEND EQUITIES CORPORATION3+ years Service code 49 · EIN 65-0356992	Other Services	$1,899
WILSHIRE ASSOCIATES INCORPORATED2+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3C3D3H

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.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$12K

$74 / participant

Contract admin$12K100.0%

% of EOY assets

0.346%

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: DULIN, WARD & DEWALD, INC.
Auditor EIN: 351344820
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,595

$63,314-13.8%

$91,004-40.0%

$62,293-12.4%

Participation rate

30.9%

73.3%-42.5pp

75.6%-44.7pp

69.5%-38.7pp

Annual return

12.44%

21.00%-8.6pp

4.60%+7.8pp

28.90%-16.5pp

Employer contribution / active EE

$517

$1,807-71.4%

$2,456-78.9%

$2,042-74.7%

Participant deferral / active EE

$910

$2,944-69.1%

$3,548-74.3%

$3,169-71.3%

Admin fee / account holder

$189

$468-59.6%

$5,417-96.5%

$479-60.5%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$11,915

LINCOLN NATIONAL CORPORATION1 year

Filed as: LINCOLN INVESTMENT PLANNING INC

Service code 49 · EIN 23-1702591

Other Services

$5,827

LEGEND EQUITIES CORPORATION3+ years

Service code 49 · EIN 65-0356992

Other Services

$1,899

WILSHIRE ASSOCIATES INCORPORATED2+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

WHITLEY MANUFACTURING CO., INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WHITLEY MANUFACTURING CO., INC. 401(K) RETIREMENT 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