Retirement plan

WRIST NORTH AMERICA INC 401K PROFIT SHARING PLAN & TRUST

Name: WRIST NORTH AMERICA INC - WRIST NORTH AMERICA INC 401K PROFIT SHARING PLAN & TRUST (2017) Form 5500
Creator: WRIST NORTH AMERICA INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WRIST NORTH AMERICA INC 401K PROFIT SHARING PLAN & TRUST, WRIST NORTH AMERICA INC

WRIST NORTH AMERICA INCEIN 46-0524360Plan #001PY 2017

1485 E SAM HOUSTON PARKWAY S, SUITE 100 - PASADENA, TX 77503281-817-2060

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$9.3M

+14.1% from 2016

Total participants

358

-25.7% from 2016

Average account balance

$40,836

+70.9% from 2016

Annual return

15.77%

+7.04 pp from 2016

Benchmarks

See 200 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants250-999

Cohort200 peers

Snapshot2017

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 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Filed as: GREAT-WEST LIFE & ANNUITY INS. CO. Service code 64 · EIN 84-0467907	Recordkeeping Fees	$43,231
RAYMOND JAMES FINANCIAL SERVICES3+ years Filed as: RAYMOND JAMES FINANCIAL SERV. ADV Service code 27	Advisory (Plan)	$29,734
MALCOLM THOMPSON & ASSOCIATES3+ years Service code 13 · EIN 26-4203770	Contract Administrator	$4,056

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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$45K

$149 / participant

Contract admin$43K94.9%
Other / not subdivided$2K5.1%

% of EOY assets

0.484%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PANNELL KERR FORSTER OF TEXAS PC
Auditor EIN: 760356844
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,836

$72,448-43.6%

$118,746-65.6%

$69,631-41.4%

Participation rate

56.5%

79.7%-23.2pp

78.3%-21.8pp

70.7%-14.2pp

Annual return

15.77%

19.06%-3.3pp

24.54%-8.8pp

27571.02%-27555.3pp

Employer contribution / active EE

$701

$3,771-81.4%

$4,193-83.3%

$2,032-65.5%

Participant deferral / active EE

$2,309

$4,943-53.3%

$5,332-56.7%

$3,224-28.4%

Admin fee / account holder

$198

$99+100.1%

$10,720-98.2%

$110+79.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Filed as: GREAT-WEST LIFE & ANNUITY INS. CO.

Service code 64 · EIN 84-0467907

Recordkeeping Fees

$43,231

RAYMOND JAMES FINANCIAL SERVICES3+ years

Filed as: RAYMOND JAMES FINANCIAL SERV. ADV

Service code 27

Advisory (Plan)

$29,734

MALCOLM THOMPSON & ASSOCIATES3+ years

Service code 13 · EIN 26-4203770

Contract Administrator

$4,056

WRIST NORTH AMERICA INC 401K PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WRIST NORTH AMERICA INC 401K 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