Retirement plan

WRIST NORTH AMERICA INC. 401(K) PROFIT SHARING PLAN & TRUST

Name: WRIST NORTH AMERICA INC. - WRIST NORTH AMERICA INC. 401(K) PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: WRIST NORTH AMERICA INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WRIST NORTH AMERICA INC. 401(K) PROFIT SHARING PLAN & TRUST, WRIST NORTH AMERICA INC.

WRIST NORTH AMERICA INC.EIN 46-0524360Plan #001PY 2024

4129 GREENSHADOW DRIVE, STE. 200 - PASADENA, TX 77503281-946-2120

Prospect flagsLow participationLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$15.1M

+10.4% from 2023

Total participants

376

-5.5% from 2023

Average account balance

$77,785

+13.8% from 2023

Annual return

13.28%

-2.44 pp from 2023

Benchmarks

See 1,404 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,404 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.09M

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

194

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

$1.34M

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

+13.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$299

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 5 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES4 years Filed as: RAYMOND JAMES Service code 27 880 CARILLON PARKWAY · ST. PETERSBURG, FL 33716	Advisory (Plan)	$31,315
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 · EIN 84-0467907	Recordkeeping Fees	$14,106
NFP RETIREMENT INC1 year Filed as: NFP RETIREMENT INC. Service code 13 120 VANTIS, SUITE 400 · ALISO VIEJO, CA 926562689	Contract Administrator	$5,881
LPL FINANCIAL1 year Service code 27 PO BOX 502533 · SAN DIEGO, CA 92150	Advisory (Plan)	$5,868
ECONOMIC GROUP PENSION SERVICES2 years Filed as: ECONOMIC GROUP PENSION SERVICES,INC Service code 13 917 WESTERN AMERICA CIRCLE · MOBILE, AL 36609	Contract Administrator	$3,499

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$58K

$173 / participant

Contract admin$58K100.0%

% of EOY assets

0.384%

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: WITHUMSMITH+BROWN PC
Auditor EIN: 222027092
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$77,785

$89,435-13.0%

$164,975-52.9%

$77,714+0.1%

Participation rate

45.8%

78.6%-32.8pp

70.6%-24.7pp

Annual return

13.28%

28.82%-15.5pp

70.12%-56.8pp

31.26%-18.0pp

Employer contribution / active EE

$1,320

$2,563-48.5%

$4,343-69.6%

$2,727-51.6%

Participant deferral / active EE

$2,656

$4,901-45.8%

$6,033-56.0%

$4,649-42.9%

Admin fee / account holder

$299

$340-12.0%

$12,688-97.6%

$433-31.0%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES4 years

Filed as: RAYMOND JAMES

Service code 27

880 CARILLON PARKWAY · ST. PETERSBURG, FL 33716

Advisory (Plan)

$31,315

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64 · EIN 84-0467907

Recordkeeping Fees

$14,106

NFP RETIREMENT INC1 year

Filed as: NFP RETIREMENT INC.

Service code 13

120 VANTIS, SUITE 400 · ALISO VIEJO, CA 926562689

Contract Administrator

$5,881

LPL FINANCIAL1 year

Service code 27

PO BOX 502533 · SAN DIEGO, CA 92150

Advisory (Plan)

$5,868

ECONOMIC GROUP PENSION SERVICES2 years

Filed as: ECONOMIC GROUP PENSION SERVICES,INC

Service code 13

917 WESTERN AMERICA CIRCLE · MOBILE, AL 36609

Contract Administrator

$3,499

WRIST NORTH AMERICA INC. 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WRIST NORTH AMERICA INC. 401(K) PROFIT SHARING PLAN & TRUST

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