Retirement plan

W.F. WHELAN COMPANY, INC. 401(K) SALARY REDUCTION PLAN & TRUST

Name: W.F. WHELAN COMPANY, INC. - W.F. WHELAN COMPANY, INC. 401(K) SALARY REDUCTION PLAN & TRUST (2024) Form 5500
Creator: W.F. WHELAN COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, W.F. WHELAN COMPANY, INC. 401(K) SALARY REDUCTION PLAN & TRUST, W.F. WHELAN COMPANY, INC.

W.F. WHELAN COMPANY, INC.EIN 38-2110820Plan #001PY 2024

41425 JOY ROAD - CANTON, MI 48187734-386-7970wfwhelanco.comLinkedIn51-200 employeeslogistics and supply chain

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$3.9M

+31.6% from 2023

Total participants

+13.3% from 2023

Average account balance

$56,885

+14.2% from 2023

Annual return

11.30%

-4.62 pp from 2023

Benchmarks

See 1,281 peers

Peer group

Industry49 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort1,281 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.87M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

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.

81.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$598K

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

+11.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$230

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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.
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

2 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$16K

$188 / participant

Other / not subdivided$16K100.0%

% of EOY assets

0.404%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,885

$25,014+127.4%

$69,611-18.3%

$80,925-29.7%

Participation rate

68.7%

64.2%+4.5pp

66.4%+2.2pp

67.7%+1.0pp

Annual return

11.30%

19.08%-7.8pp

101.14%-89.8pp

35.65%-24.4pp

Employer contribution / active EE

$2,184

$991+120.3%

$1,709+27.8%

$2,756-20.8%

Participant deferral / active EE

$5,018

$1,840+172.8%

$2,891+73.6%

$4,299+16.7%

Admin fee / account holder

$230

$2,491-90.8%

$4,696-95.1%

$6,940-96.7%

W.F. WHELAN COMPANY, INC. 401(K) SALARY REDUCTION PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

W.F. WHELAN COMPANY, INC. 401(K) SALARY REDUCTION PLAN & 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