Retirement plan

WATERLINE RENEWAL TECHNOLOGIES, INC. 401(K) PLAN

Name: WATERLINE RENEWAL TECHNOLOGIES, INC - WATERLINE RENEWAL TECHNOLOGIES, INC. 401(K) PLAN (2020) 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 2020

25 NORTHWEST POINT, SUITE 510 - ELK GROVE VILLAGE, IL 60007815-433-1275waterlinerenewal.comLinkedIn201-500 employeesenvironmental services

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$6.5M

+7.2% from 2019

Total participants

180

+1.7% from 2019

Average account balance

$36,939

+7.2% from 2019

Annual return

14.99%

-9.69 pp from 2019

Benchmarks

See 2,939 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,939 peers

Snapshot2020

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 COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$35,034
LOCKTON INVESTMENT ADVISORS, LLC2+ years Filed as: LOCKTON INVESTMENT ADVISORS Service code 27 · EIN 20-8874282	Advisory (Plan)	$5,639

Plan features & details

Pension benefit codes2E2G2J2S2T3D3H

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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$35K

$316 / participant

Contract admin$35K100.0%

% of EOY assets

0.536%

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

$36,939

$69,383-46.8%

$101,264-63.5%

$73,493-49.7%

Participation rate

97.3%

68.4%+28.9pp

75.8%+21.5pp

70.7%+26.6pp

Annual return

14.99%

18.46%-3.5pp

46.48%-31.5pp

28.51%-13.5pp

Employer contribution / active EE

$2,919

$2,628+11.0%

$3,660-20.3%

$2,270+28.6%

Participant deferral / active EE

$5,111

$3,301+54.8%

$4,370+16.9%

$3,740+36.7%

Admin fee / account holder

$198

$704-71.9%

$5,947-96.7%

$513-61.4%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$35,034

LOCKTON INVESTMENT ADVISORS, LLC2+ years

Filed as: LOCKTON INVESTMENT ADVISORS

Service code 27 · EIN 20-8874282

Advisory (Plan)

$5,639

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