Retirement plan

WILLSON SHIPPING INDIVIDUAL 401K

Name: WILLSON SHIPPING INC. - WILLSON SHIPPING INDIVIDUAL 401K (2024) Form 5500
Creator: WILLSON SHIPPING INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WILLSON SHIPPING INDIVIDUAL 401K, WILLSON SHIPPING INC.

WILLSON SHIPPING INC.EIN 46-3637078Plan #001PY 2024

3960 WEST POINT LOMA BLVD., SUITE H - SAN DIEGO, CA 92110619-417-8769

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$427K

+28.8% from 2023

Total participants

-7.7% from 2023

Average account balance

$18,570

+34.4% from 2023

Annual return

21.95%

-6.93 pp from 2023

Benchmarks

See 143,561 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort143,561 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$427K

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

209.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$29K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+21.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$290

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 codes2E2J2F2G3D

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

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$7K

$607 / participant

Other / not subdivided$7K100.0%

% of EOY assets

1.564%

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

$18,570

$160,028-88.4%

$147,080-87.4%

$145,884-87.3%

Participation rate

90.9%

84.0%+6.9pp

82.2%+8.7pp

80.3%+10.6pp

Annual return

21.95%

98.60%-76.6pp

420.17%-398.2pp

551.85%-529.9pp

Employer contribution / active EE

$1,298

$5,286-75.4%

$4,933-73.7%

$4,662-72.2%

Participant deferral / active EE

$1,333

$8,422-84.2%

$8,066-83.5%

$6,690-80.1%

Admin fee / account holder

$290

$15,030-98.1%

$12,989-97.8%

$13,392-97.8%

WILLSON SHIPPING INDIVIDUAL 401K

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WILLSON SHIPPING INDIVIDUAL 401K

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