Retirement plan

C. WARD ELECTRIC 401(K) PLAN

Name: C. WARD ELECTRIC, INC. - C. WARD ELECTRIC 401(K) PLAN (2019) Form 5500
Creator: C. WARD ELECTRIC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, C. WARD ELECTRIC 401(K) PLAN, C. WARD ELECTRIC, INC.

C. WARD ELECTRIC, INC.EIN 45-1702637Plan #001PY 2019

19 ROUTE 6 - COLUMBIA, CT 062371018860-966-6575cwardelectric.comLinkedIn11-50 employeesconstruction

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$188K

+327.6% from 2018

Total participants

+14.3% from 2018

Average account balance

$11,060

+327.6% from 2018

Annual return

58.48%

+68.35 pp from 2018

Benchmarks

See 1,379 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants<25

Cohort1,379 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.39M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

45.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$210K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+20.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$597

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

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$916

$38 / participant

Other / not subdivided$916100.0%

% of EOY assets

0.487%

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

$11,060

$102,828-89.2%

$105,387-89.5%

$152,885-92.8%

Participation rate

70.8%

83.8%-12.9pp

82.6%-11.7pp

82.5%-11.6pp

Annual return

58.48%

20.85%+37.6pp

26.82%+31.7pp

345.39%-286.9pp

Employer contribution / active EE

$1,637

$4,473-63.4%

$4,213-61.1%

$4,763-65.6%

Participant deferral / active EE

$3,294

$5,465-39.7%

$5,502-40.1%

$5,851-43.7%

Admin fee / account holder

$54

$8,683-99.4%

$6,559-99.2%

$11,598-99.5%

C. WARD ELECTRIC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

C. WARD ELECTRIC 401(K) 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