Retirement plan

WAREHOUSE DIRECT INCORPORATED 401(K) PROFIT SHARING PLAN AND TRUST

Name: WAREHOUSE DIRECT INCORPORATED - WAREHOUSE DIRECT INCORPORATED 401(K) PROFIT SHARING PLAN AND TRUST (2023) Form 5500
Creator: WAREHOUSE DIRECT INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WAREHOUSE DIRECT INCORPORATED 401(K) PROFIT SHARING PLAN AND TRUST, WAREHOUSE DIRECT INCORPORATED

WAREHOUSE DIRECT INCORPORATEDEIN 36-3036801Plan #001PY 2023

2001 S. MOUNT PROSPECT ROAD - DES PLAINES, IL 60018847-631-0596LinkedIn1-10 employees

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$16.7M

+22.9% from 2022

Total participants

353

+5.1% from 2022

Average account balance

$51,220

+16.9% from 2022

Annual return

18.35%

+35.18 pp from 2022

Benchmarks

See 1,360 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,360 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.78M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

329

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.

86.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.55M

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

+14.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$291

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
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: GREAT WEST LIFE & ANNUITY INS CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$75,755
FIDUCIARY FINANCIAL PARTNERS, LLC3 years Filed as: FIDUCIARY FINANCIAL PARTNERS Service code 27 1250 E. DIEHL ROAD · NAPERVILLE, IL 60563	Advisory (Plan)	$29,172
BAKER TILLY US, LLP6 years Filed as: BAKER TILLY Service code 10 4807 INNOVATE LANE · MADISON, WI 53718	Accounting	$24,460
CARNOW AND ASSOCIATES, LTD.7 years Service code 13 2201 WAUKEGAN ROAD · BANNOCKBURN, IL 60015	Contract Administrator	$5,100
CARNOW AND ASSOCIATES, LTD.3 years Filed as: CARNOW AND ASSOCIATES Service code 13	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$104K

$341 / participant

Other / not subdivided$104K100.0%

% of EOY assets

0.619%

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: BAKER TILLY, US LLP
Auditor EIN: 301413443
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,220

$91,372-43.9%

$130,045-60.6%

$74,460-31.2%

Participation rate

91.4%

77.8%+13.7pp

78.5%+12.9pp

70.7%+20.7pp

Annual return

18.35%

23.21%-4.9pp

-137.30%+155.7pp

34.38%-16.0pp

Employer contribution / active EE

$110

$2,563-95.7%

$4,321-97.5%

$2,638-95.8%

Participant deferral / active EE

$4,557

$4,721-3.5%

$5,820-21.7%

$4,530+0.6%

Admin fee / account holder

$317

$283+11.8%

$10,600-97.0%

$348-8.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: GREAT WEST LIFE & ANNUITY INS CO

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$75,755

FIDUCIARY FINANCIAL PARTNERS, LLC3 years

Filed as: FIDUCIARY FINANCIAL PARTNERS

Service code 27

1250 E. DIEHL ROAD · NAPERVILLE, IL 60563

Advisory (Plan)

$29,172

BAKER TILLY US, LLP6 years

Filed as: BAKER TILLY

Service code 10

4807 INNOVATE LANE · MADISON, WI 53718

Accounting

$24,460

CARNOW AND ASSOCIATES, LTD.7 years

Service code 13

2201 WAUKEGAN ROAD · BANNOCKBURN, IL 60015

Contract Administrator

$5,100

CARNOW AND ASSOCIATES, LTD.3 years

Filed as: CARNOW AND ASSOCIATES

Service code 13

Contract Administrator

WAREHOUSE DIRECT INCORPORATED 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WAREHOUSE DIRECT INCORPORATED 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