Retirement plan

WEB WATER DEVELOPMENT ASSOCIATION, INC. 401(K) PROFIT SHARING PLAN

Name: WEB WATER DEVELOPMENT ASSOC. INC. - WEB WATER DEVELOPMENT ASSOCIATION, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: WEB WATER DEVELOPMENT ASSOC. INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WEB WATER DEVELOPMENT ASSOCIATION, INC. 401(K) PROFIT SHARING PLAN, WEB WATER DEVELOPMENT ASSOC. INC.

WEB WATER DEVELOPMENT ASSOC. INC.EIN 46-0352027Plan #001PY 2020

P.O. BOX 51 - ABERDEEN, SD 574020051605-229-4749webwater.orgLinkedIn1-10 employeesutilities

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$3.4M

+23.6% from 2019

Total participants

-2.0% from 2019

Average account balance

$68,578

+26.1% from 2019

Annual return

16.35%

-4.01 pp from 2019

Benchmarks

See 569 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants25-99

Cohort569 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.76M

Not enough data

1 years with asset history on file

Average account balance

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

$115K

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.

113.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$597K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+17.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$799

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 codes2E2F2G2J3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$158K

$3773 / participant

Other / not subdivided$158K100.0%

% of EOY assets

4.621%

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

$68,578

$88,370-22.4%

$112,977-39.3%

$79,852-14.1%

Participation rate

100.0%

76.8%+23.2pp

82.6%+17.4pp

69.6%+30.4pp

Annual return

16.35%

23.16%-6.8pp

24.24%-7.9pp

31.72%-15.4pp

Employer contribution / active EE

$3,729

$3,398+9.7%

$4,255-12.4%

$2,471+50.9%

Participant deferral / active EE

$4,639

$4,536+2.3%

$5,836-20.5%

$3,740+24.0%

Admin fee / account holder

$3,169

$5,750-44.9%

$6,294-49.6%

$5,306-40.3%

WEB WATER DEVELOPMENT ASSOCIATION, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WEB WATER DEVELOPMENT ASSOCIATION, INC. 401(K) 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