Retirement plan

PROFIT SHARING PLAN & EMPLOYEES TRUST OF WEITZ INVESTMENT MANAGEMENT, INC.

Name: WEITZ INVESTMENT MANAGEMENT, INC. - PROFIT SHARING PLAN & EMPLOYEES TRUST OF WEITZ INVESTMENT MANAGEMENT, INC. (2021) Form 5500
Creator: WEITZ INVESTMENT MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROFIT SHARING PLAN & EMPLOYEES TRUST OF WEITZ INVESTMENT MANAGEMENT, INC., WEITZ INVESTMENT MANAGEMENT, INC.

WEITZ INVESTMENT MANAGEMENT, INC.EIN 47-0654095Plan #001PY 2021

1125 S 103RD STREET SUITE 200 - OMAHA, NE 68124402-391-1980weitzinvestments.comLinkedIn11-50 employeesfinancial services

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$50.6M

+19.2% from 2020

Total participants

+17.6% from 2020

Average account balance

$1,265,334

+1.3% from 2020

Annual return

21.48%

+8.24 pp from 2020

Benchmarks

See 7,182 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,182 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$48.67M

Not enough data

1 years with asset history on file

Average account balance

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

$1.1M

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.

136.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.64M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$50K

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

+10.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14351

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 codes2E2F2G2R3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$2.4M

$76588 / participant

Other / not subdivided$2M100.0%

% of EOY assets

4.691%

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

$1,265,334

$137,414+820.8%

$189,537+567.6%

$85,847+1373.9%

Participation rate

100.0%

84.6%+15.4pp

87.8%+12.2pp

69.3%+30.7pp

Annual return

21.48%

38.14%-16.7pp

555.34%-533.9pp

318.61%-297.1pp

Employer contribution / active EE

$44,991

$4,344+935.6%

$6,161+630.3%

$2,565+1653.8%

Participant deferral / active EE

$6,260-100.0%

$8,220-100.0%

$3,952-100.0%

Admin fee / account holder

$59,356

$8,630+587.8%

$12,048+392.6%

$6,261+848.1%

PROFIT SHARING PLAN & EMPLOYEES TRUST OF WEITZ INVESTMENT MANAGEMENT, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROFIT SHARING PLAN & EMPLOYEES TRUST OF WEITZ INVESTMENT MANAGEMENT, INC.

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