Retirement plan

WATERLINE RENEWAL TECHNOLOGIES, INC. 401(K) PLAN

Name: WATERLINE RENEWAL TECHNOLOGIES, INC - WATERLINE RENEWAL TECHNOLOGIES, INC. 401(K) PLAN (2024) Form 5500
Creator: WATERLINE RENEWAL TECHNOLOGIES, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WATERLINE RENEWAL TECHNOLOGIES, INC. 401(K) PLAN, WATERLINE RENEWAL TECHNOLOGIES, INC

WATERLINE RENEWAL TECHNOLOGIES, INCEIN 45-5414424Plan #001PY 2024

25 NORTHWEST POINT, SUITE 560 - ELK GROVE VILLAGE, IL 600071033815-433-1275waterlinerenewal.comLinkedIn201-500 employeesenvironmental services

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$8.9M

+17.5% from 2023

Total participants

163

-4.1% from 2023

Average account balance

$55,914

+22.7% from 2023

Annual return

17.50%

-17.44 pp from 2023

Benchmarks

See 3,450 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,450 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.89M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

159

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.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.07M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+17.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$247

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 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290	Contract Administrator	$39,265
CREATIVE PLANNING LLC2 years Filed as: CREATIVE PLANNING, INC. Service code 27 · EIN 43-1270780	Advisory (Plan)	$7,737

Plan features & details

Pension benefit codes2E2G2J2S2T2U3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$39K

$364 / participant

Contract admin$39K100.0%

% of EOY assets

0.442%

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 CPA LLC
Auditor EIN: 541172176
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,914

$80,731-30.7%

$103,374-45.9%

$74,546-25.0%

Participation rate

96.3%

65.7%+30.6pp

74.5%+21.8pp

67.2%+29.1pp

Annual return

17.50%

27.56%-10.1pp

24.89%-7.4pp

1366.03%-1348.5pp

Employer contribution / active EE

$3,364

$3,158+6.5%

$3,869-13.1%

$2,624+28.2%

Participant deferral / active EE

$6,539

$3,860+69.4%

$5,058+29.3%

$4,347+50.4%

Admin fee / account holder

$247

$2,369-89.6%

$8,394-97.1%

$1,944-87.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY6+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$39,265

CREATIVE PLANNING LLC2 years

Filed as: CREATIVE PLANNING, INC.

Service code 27 · EIN 43-1270780

Advisory (Plan)

$7,737

WATERLINE RENEWAL TECHNOLOGIES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WATERLINE RENEWAL TECHNOLOGIES, INC. 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