Retirement plan

WENDEL 401(K) PLAN

Name: WENDEL, LLC - WENDEL 401(K) PLAN (2020) Form 5500
Creator: WENDEL, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WENDEL 401(K) PLAN, WENDEL, LLC

WENDEL, LLCEIN 35-2461920Plan #002PY 2020

375 ESSJAY ROAD, SUITE 200 - WILLIAMSVILLE, NY 14221716-688-0766

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$37.3M

+14.6% from 2019

Total participants

362

-1.9% from 2019

Average account balance

$106,673

+17.6% from 2019

Annual return

17.46%

-7.88 pp from 2019

Benchmarks

See 2,819 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,819 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$45.06M

Not enough data

1 years with asset history on file

Average account balance

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

$110K

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.

409

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.

96.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.39M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+17.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$258

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 5 by compensation

Provider	Service type	Compensation
AMERICAN PORTFOLIOS FINANCIAL4 years Filed as: AMERICAN PORTFOLIO ADVISOR Service code 50 · EIN 11-3800438	Direct Payment	$140,360
AMERICAN PORTFOLIOS FINANCIAL6+ years Filed as: AMERICAN PORTFOLIOS FNCL Service code 55	Other Commissions	$77,264
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC Service code 15 · EIN 26-1589907	Recordkeeping	$4,862
RELIANCE TRUST COMPANY6+ years Service code 19 · EIN 58-1428634	Securities Custodian	$565
AMERICAN PORTFOLIOS FINANCIAL6+ years Filed as: AMERICAN PORTFOLIOS FNCL SVC Service code 55 · EIN 11-3018002	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D2T

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$145K

$546 / participant

Contract admin$145K100.0%

% of EOY assets

0.389%

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: FREED MAXICK CPAS, P. C.
Auditor EIN: 454051133
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$106,673

$100,801+5.8%

$149,745-28.8%

$73,412+45.3%

Participation rate

95.5%

77.7%+17.8pp

82.5%+13.0pp

72.2%+23.3pp

Annual return

17.46%

265.34%-247.9pp

276.72%-259.3pp

59.30%-41.8pp

Employer contribution / active EE

$2,123

$3,312-35.9%

$4,646-54.3%

$2,234-5.0%

Participant deferral / active EE

$7,269

$6,404+13.5%

$6,843+6.2%

$3,806+91.0%

Admin fee / account holder

$415

$181+129.5%

$9,312-95.5%

$158+162.8%

Provider

Service type

Compensation

AMERICAN PORTFOLIOS FINANCIAL4 years

Filed as: AMERICAN PORTFOLIO ADVISOR

Service code 50 · EIN 11-3800438

Direct Payment

$140,360

AMERICAN PORTFOLIOS FINANCIAL6+ years

Filed as: AMERICAN PORTFOLIOS FNCL

Service code 55

Other Commissions

$77,264

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC

Service code 15 · EIN 26-1589907

Recordkeeping

$4,862

RELIANCE TRUST COMPANY6+ years

Service code 19 · EIN 58-1428634

Securities Custodian

$565

AMERICAN PORTFOLIOS FINANCIAL6+ years

Filed as: AMERICAN PORTFOLIOS FNCL SVC

Service code 55 · EIN 11-3018002

Other Commissions

WENDEL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WENDEL 401(K) 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