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 (2021) 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 2021

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

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$39.7M

+14.0% from 2020

Total participants

218

-4.8% from 2020

Average account balance

$184,831

+19.3% from 2020

Annual return

14.90%

+0.66 pp from 2020

Benchmarks

See 14,567 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,567 peers

Snapshot2021

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 3 by compensation

Provider	Service type	Compensation
NATIONWIDE7+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$64,577
IFP ADVISORS INC DBA INDEPENDENT FI3 years Filed as: IFP ADVISORS, INC. Service code 26 3030 N ROCKY POINT DR STE 700 · TAMPA, FL 33607	Advisory (Participants)	$46,116
NEWPORT GROUP, INC.3 years Service code 15 1075 JORDAN CREEK PARKWAY · WEST DES MOINES, IA 50266	Recordkeeping	$38,252

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$73K

$776 / participant

Investment mgmt$69K94.9%
Other / not subdivided$4K5.1%

% of EOY assets

0.183%

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

$184,831

$86,298+114.2%

$111,308+66.1%

$85,847+115.3%

Participation rate

96.8%

73.3%+23.5pp

77.3%+19.5pp

69.3%+27.5pp

Annual return

14.90%

19.99%-5.1pp

54.67%-39.8pp

318.61%-303.7pp

Employer contribution / active EE

$2,660

$2,044+30.1%

$2,732-2.6%

$2,565+3.7%

Participant deferral / active EE

$2,828

$3,641-22.3%

$4,487-37.0%

$3,952-28.5%

Admin fee / account holder

$339

$8,189-95.9%

$7,965-95.7%

$6,261-94.6%

Provider

Service type

Compensation

NATIONWIDE7+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$64,577

IFP ADVISORS INC DBA INDEPENDENT FI3 years

Filed as: IFP ADVISORS, INC.

Service code 26

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

Advisory (Participants)

$46,116

NEWPORT GROUP, INC.3 years

Service code 15

1075 JORDAN CREEK PARKWAY · WEST DES MOINES, IA 50266

Recordkeeping

$38,252

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