Retirement plan

WORLDWIDE SUPPLY CHAIN SOLUTIONS, INC. 401(K) PLAN & TRUST

Name: WORLDWIDE SUPPLY CHAIN SOLUTIONS, INC. - WORLDWIDE SUPPLY CHAIN SOLUTIONS, INC. 401(K) PLAN & TRUST (2019) Form 5500
Creator: WORLDWIDE SUPPLY CHAIN SOLUTIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WORLDWIDE SUPPLY CHAIN SOLUTIONS, INC. 401(K) PLAN & TRUST, WORLDWIDE SUPPLY CHAIN SOLUTIONS, INC.

WORLDWIDE SUPPLY CHAIN SOLUTIONS, INC.EIN 42-1508757Plan #001PY 2019

3611 109TH ST. - URBANDALE, IA 50322515-223-2339

Prospect flagsLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.5M

+62.2% from 2018

Total participants

301

+30.3% from 2018

Average account balance

$16,944

+26.4% from 2018

Annual return

28.46%

+39.42 pp from 2018

Benchmarks

See 5,342 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,342 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.01M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

435

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.

93.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.36M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+15.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$248

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 1 by compensation

Provider	Service type	Compensation
THE FINWAY GROUP1 year Filed as: THE FINWAY GROUP LLC Service code 13 5625 MILLS CIVIC PKWY, SUITE 101 · WEST DES MOINES, IA 50266	Contract Administrator	$6,014

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$27K

$111 / participant

Investment mgmt$27K100.0%

% of EOY assets

0.604%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MCGOWEN, HURST, CLARK AND SMITH, PC
Auditor EIN: 421104473
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,944

$52,961-68.0%

$172,752-90.2%

$65,185-74.0%

Participation rate

84.3%

66.2%+18.1pp

82.6%+1.7pp

70.2%+14.1pp

Annual return

28.46%

30.12%-1.7pp

802.97%-774.5pp

29.38%-0.9pp

Employer contribution / active EE

$533

$2,190-75.7%

$5,144-89.6%

$2,177-75.5%

Participant deferral / active EE

$3,977

$2,471+61.0%

$5,198-23.5%

$3,514+13.2%

Admin fee / account holder

$102

$472-78.3%

$13,955-99.3%

$847-87.9%

Provider

Service type

Compensation

THE FINWAY GROUP1 year

Filed as: THE FINWAY GROUP LLC

Service code 13

5625 MILLS CIVIC PKWY, SUITE 101 · WEST DES MOINES, IA 50266

Contract Administrator

$6,014

WORLDWIDE SUPPLY CHAIN SOLUTIONS, INC. 401(K) PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WORLDWIDE SUPPLY CHAIN SOLUTIONS, INC. 401(K) 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