Retirement plan

WMF, INC. PROFIT SHARING PLAN

Name: WMF, INC. DBA WASHINGTON METAL FABRICATORS - WMF, INC. PROFIT SHARING PLAN (2022) Form 5500
Creator: WMF, INC. DBA WASHINGTON METAL FABRICATORS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WMF, INC. PROFIT SHARING PLAN, WMF, INC. DBA WASHINGTON METAL FABRICATORS

WMF, INC. DBA WASHINGTON METAL FABRICATORSEIN 43-1421970Plan #001PY 2022

P.O. BOX 1100 - WASHINGTON, MO 63090636-583-1600washmetfab.comLinkedIn51-200 employeesmechanical or industrial engineering

Prospect flagsLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.8M

-14.5% from 2021

Total participants

139

+2.2% from 2021

Average account balance

$45,984

-17.8% from 2021

Annual return

-16.41%

-32.35 pp from 2021

Benchmarks

See 14,494 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,494 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.82M

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

122

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.

62.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$355K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+10.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$249

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
MASTER BENEFIT GROUP, INC.3 years Service code 49 · EIN 43-1585882 11166 TESSON FERRY ROAD, SUITE 205 · ST. LOUIS, MO 631236966	Other Services	$18,135
LPL FINANCIAL3 years Service code 26 203 E. FIFTH STREET · WASHINGTON, MO 63090	Advisory (Participants)	$14,976
AMERICAN FUNDS2 years Filed as: CAPITAL RESEARCH AND MANAGEMENT CO. Service code 60 · EIN 95-1411037 3500 WISEMAN BLVD · SAN ANTONIO, TX 782514321	Sub-TA Fees	$7,992

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$20K

$212 / participant

Investment mgmt$20K100.0%

% of EOY assets

0.348%

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: SIKICH LLP
Auditor EIN: 363168081
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,984

$71,878-36.0%

$86,698-47.0%

$68,486-32.9%

Participation rate

86.3%

72.2%+14.1pp

76.6%+9.7pp

67.9%+18.4pp

Annual return

-16.41%

3.53%-19.9pp

35.95%-52.4pp

-7.85%-8.6pp

Employer contribution / active EE

$389

$2,173-82.1%

$2,837-86.3%

$2,597-85.0%

Participant deferral / active EE

$2,794

$3,779-26.1%

$4,656-40.0%

$4,028-30.6%

Admin fee / account holder

$160

$6,113-97.4%

$7,493-97.9%

$5,404-97.0%

Provider

Service type

Compensation

MASTER BENEFIT GROUP, INC.3 years

Service code 49 · EIN 43-1585882

11166 TESSON FERRY ROAD, SUITE 205 · ST. LOUIS, MO 631236966

Other Services

$18,135

LPL FINANCIAL3 years

Service code 26

203 E. FIFTH STREET · WASHINGTON, MO 63090

Advisory (Participants)

$14,976

AMERICAN FUNDS2 years

Filed as: CAPITAL RESEARCH AND MANAGEMENT CO.

Service code 60 · EIN 95-1411037

3500 WISEMAN BLVD · SAN ANTONIO, TX 782514321

Sub-TA Fees

$7,992

WMF, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WMF, INC. PROFIT SHARING PLAN

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