Retirement plan

THE WITMER GROUP, LLC

Name: THE WITMER GROUP, LLC - THE WITMER GROUP, LLC (2017) Form 5500
Creator: THE WITMER GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE WITMER GROUP, LLC, THE WITMER GROUP, LLC

THE WITMER GROUP, LLCEIN 47-4148551Plan #001PY 2017

1003 CORNERSTONE DRIVE - MT JOY, PA 17552717-653-1428thewitmergroup.comLinkedIn51-200 employeesconstruction

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$11.2M

No prior year

Total participants

240

No prior year

Average account balance

$55,113

No prior year

Annual return

17.93%

No prior year

Benchmarks

See 2,582 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,582 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.76M

Not enough data

1 years with asset history on file

Average account balance

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

$95K

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.

260

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.

98.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.83M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+12.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$533

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 2 by compensation

Provider	Service type	Compensation
FULTON FINANCIAL ADVISORS1+ years Service code 15 · EIN 23-1928421	Recordkeeping	$56,855
RKL LLP1+ years Filed as: REINSEL KUNTZ LESHER LLP Service code 16 · EIN 23-2108173	Consulting	$11,500

Plan features & details

Pension benefit codes2E2G2J2K3D2F2T

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

2 tripped

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

$68K

$347 / participant

Investment mgmt$57K83.2%
Other / not subdivided$12K16.8%

% of EOY assets

0.611%

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: RKL LLP
Auditor EIN: 232108173
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,113

$58,726-6.2%

$92,240-40.3%

$62,293-11.5%

Participation rate

81.2%

68.3%+12.9pp

76.5%+4.7pp

69.5%+11.7pp

Annual return

17.93%

43.62%-25.7pp

176.29%-158.4pp

28.90%-11.0pp

Employer contribution / active EE

$1,881

$2,392-21.4%

$3,680-48.9%

$2,042-7.9%

Participant deferral / active EE

$1,999

$2,766-27.7%

$3,897-48.7%

$3,169-36.9%

Admin fee / account holder

$337

$556-39.4%

$5,194-93.5%

$479-29.7%

Provider

Service type

Compensation

FULTON FINANCIAL ADVISORS1+ years

Service code 15 · EIN 23-1928421

Recordkeeping

$56,855

RKL LLP1+ years

Filed as: REINSEL KUNTZ LESHER LLP

Service code 16 · EIN 23-2108173

Consulting

$11,500

THE WITMER GROUP, LLC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE WITMER GROUP, LLC

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