Retirement plan

WING VENTURE MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN

Name: WING VENTURE MANAGEMENT, LLC - WING VENTURE MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: WING VENTURE MANAGEMENT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WING VENTURE MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN, WING VENTURE MANAGEMENT, LLC

WING VENTURE MANAGEMENT, LLCEIN 46-3017222Plan #001PY 2023

480 LYTTON AVENUE - PALO ALTO, CA 94301650-316-8300

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.1M

+48.5% from 2022

Total participants

+7.4% from 2022

Average account balance

$77,310

+26.5% from 2022

Annual return

24.26%

+24.57 pp from 2022

Benchmarks

See 36,180 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort36,180 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.59M

Not enough data

1 years with asset history on file

Average account balance

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

$138K

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.

123.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$458K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+18.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7896

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 codes2E2G2J2T3D

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$105K

$5260 / participant

Other / not subdivided$105K100.0%

% of EOY assets

5.040%

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

$77,310

$185,856-58.4%

$170,028-54.5%

$139,456-44.6%

Participation rate

90.0%

87.8%+2.2pp

87.0%+3.0pp

80.3%+9.7pp

Annual return

24.26%

60.52%-36.3pp

53.39%-29.1pp

373.45%-349.2pp

Employer contribution / active EE

$6,193

$7,593-18.4%

$6,788-8.8%

$4,753+30.3%

Participant deferral / active EE

$16,082

$11,623+38.4%

$10,409+54.5%

$6,711+139.6%

Admin fee / account holder

$3,896

$15,387-74.7%

$12,820-69.6%

$11,407-65.8%

WING VENTURE MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WING VENTURE MANAGEMENT, LLC 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