Retirement plan

WEBBER METAL PRODUCTS, INC. 401(K) PROFIT SHARING TRUST

Name: WEBBER METAL PRODUCTS, INC. - WEBBER METAL PRODUCTS, INC. 401(K) PROFIT SHARING TRUST (2020) Form 5500
Creator: WEBBER METAL PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WEBBER METAL PRODUCTS, INC. 401(K) PROFIT SHARING TRUST, WEBBER METAL PRODUCTS, INC.

WEBBER METAL PRODUCTS, INC.EIN 42-1120876Plan #001PY 2020

PO BOX 10 - CASCADE, IA 52033563-852-7122webbermetals.comLinkedIn11-50 employeesmachinery

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$34.9M

+12.6% from 2019

Total participants

229

-1.7% from 2019

Average account balance

$154,943

+11.6% from 2019

Annual return

14.24%

-10.26 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$36.08M

Not enough data

1 years with asset history on file

Average account balance

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

$213K

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.

169

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.

94.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$620K

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

+12.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$508

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 4 by compensation

Provider	Service type	Compensation
NATIONWIDE6+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$53,381
IFP ADVISORS INC DBA INDEPENDENT FI2 years Filed as: IFP ADVISORS, INC. Service code 26 3030 N ROCKY POINT DR STE 700 · TAMPA, FL 33607	Advisory (Participants)	$35,963
NEWPORT GROUP, INC.2 years Service code 15 1075 JORDAN CREEK PARKWAY · WEST DES MOINES, IA 50266	Recordkeeping	$22,558
NEWPORT GROUP, INC.1 year Filed as: NEWPORT GROUP BENEFITS CONSULTANTS Service code 15 5700 WESTOWN PARKWAY SUITE 100 · WEST DES MOINES, IA 50266	Recordkeeping	$8,050

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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$58K

$557 / participant

Investment mgmt$54K93.0%
Other / not subdivided$4K7.0%

% of EOY assets

0.166%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WEGNER CPAS
Auditor EIN: 390974031
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$154,943

$73,638+110.4%

$95,964+61.5%

$73,497+110.8%

Participation rate

96.2%

76.2%+20.0pp

77.1%+19.1pp

70.7%+25.5pp

Annual return

14.24%

16.78%-2.5pp

91.64%-77.4pp

28.51%-14.3pp

Employer contribution / active EE

$3,366

$1,863+80.7%

$2,541+32.5%

$2,270+48.3%

Participant deferral / active EE

$2,775

$3,617-23.3%

$4,167-33.4%

$3,740-25.8%

Admin fee / account holder

$258

$482-46.6%

$6,797-96.2%

$513-49.8%

Provider

Service type

Compensation

NATIONWIDE6+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$53,381

IFP ADVISORS INC DBA INDEPENDENT FI2 years

Filed as: IFP ADVISORS, INC.

Service code 26

3030 N ROCKY POINT DR STE 700 · TAMPA, FL 33607

Advisory (Participants)

$35,963

NEWPORT GROUP, INC.2 years

Service code 15

1075 JORDAN CREEK PARKWAY · WEST DES MOINES, IA 50266

Recordkeeping

$22,558

NEWPORT GROUP, INC.1 year

Filed as: NEWPORT GROUP BENEFITS CONSULTANTS

Service code 15

5700 WESTOWN PARKWAY SUITE 100 · WEST DES MOINES, IA 50266

Recordkeeping

$8,050

WEBBER METAL PRODUCTS, INC. 401(K) PROFIT SHARING TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WEBBER METAL PRODUCTS, INC. 401(K) PROFIT SHARING 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