Retirement plan

WATKINS PHARMACY & SURGICAL SUPPLY CO. 401(K)

Name: WATKINS PHARMACY & SURGICAL SUPPLY - WATKINS PHARMACY & SURGICAL SUPPLY CO. 401(K) (2018) Form 5500
Creator: WATKINS PHARMACY & SURGICAL SUPPLY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WATKINS PHARMACY & SURGICAL SUPPLY CO. 401(K), WATKINS PHARMACY & SURGICAL SUPPLY

WATKINS PHARMACY & SURGICAL SUPPLYEIN 38-3120213Plan #001PY 2018

1391 EAST SHERMAN BLVD. - MUSKEGON, MI 49444231-739-5453watkinspharmacy.comLinkedIn11-50 employeespharmaceuticals

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.4M

-7.9% from 2017

Total participants

0.0% from 2017

Average account balance

$49,810

-4.6% from 2017

Annual return

-6.08%

-19.41 pp from 2017

Benchmarks

See 18,624 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort18,624 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$761K

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

88.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$97K

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

+10.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11662

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 codes2E2F2G2J2T3D

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.

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

$80K

$3343 / participant

Other / not subdivided$80K100.0%

% of EOY assets

5.752%

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

$49,810

$95,975-48.1%

$74,549-33.2%

$135,379-63.2%

Participation rate

95.8%

75.7%+20.2pp

69.1%+26.7pp

82.6%+13.2pp

Annual return

-6.08%

56.96%-63.0pp

32.53%-38.6pp

519.79%-525.9pp

Employer contribution / active EE

$2,716-100.0%

$1,961-100.0%

$4,779-100.0%

Participant deferral / active EE

$2,181

$3,844-43.2%

$3,108-29.8%

$5,609-61.1%

Admin fee / account holder

$2,865

$6,522-56.1%

$5,059-43.4%

$10,828-73.5%

WATKINS PHARMACY & SURGICAL SUPPLY CO. 401(K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WATKINS PHARMACY & SURGICAL SUPPLY CO. 401(K)

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