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 (2022) 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 2022

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

-17.4% from 2021

Total participants

-1.9% from 2021

Average account balance

$64,973

-17.4% from 2021

Annual return

-16.45%

-28.96 pp from 2021

Benchmarks

See 602 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants25-99

Cohort602 peers

Snapshot2022

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

$485K

$11028 / participant

Other / not subdivided$485K100.0%

% of EOY assets

14.361%

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

$64,973

$79,633-18.4%

$93,759-30.7%

$68,495-5.1%

Participation rate

100.0%

75.4%+24.6pp

81.0%+19.0pp

67.9%+32.1pp

Annual return

-16.45%

-0.10%-16.4pp

-11.33%-5.1pp

-7.84%-8.6pp

Employer contribution / active EE

$4,105

$3,665+12.0%

$4,324-5.1%

$2,596+58.1%

Participant deferral / active EE

$5,970

$5,158+15.8%

$6,096-2.1%

$4,028+48.2%

Admin fee / account holder

$9,331

$6,871+35.8%

$7,197+29.6%

$5,403+72.7%

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