Retirement plan

THE WITMER GROUP RETIREMENT PLAN

Name: THE WITMER GROUP, LLC - THE WITMER GROUP RETIREMENT PLAN (2019) Form 5500
Creator: THE WITMER GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE WITMER GROUP RETIREMENT PLAN, THE WITMER GROUP, LLC

THE WITMER GROUP, LLCEIN 47-4148551Plan #001PY 2019

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

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$13.4M

+25.5% from 2018

Total participants

168

-18.0% from 2018

Average account balance

$91,671

+74.4% from 2018

Annual return

21.84%

+28.29 pp from 2018

Benchmarks

See 2,830 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,830 peers

Snapshot2019

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 5 by compensation

Provider	Service type	Compensation
FIRST NATIONAL TRUST COMPANY2 years Service code 25 4140 E STATE ST · HERMITAGE, PA 16148	Directed Trustee	$36,195
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Service code 64 8515 E ORCHARD RD. · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$16,175
THE RETIREMENT ADVANTAGE INC2 years Service code 13 47 PARK PL STE 850 · APPLETON, WI 54914	Contract Administrator	$12,033
RKL LLP2 years Service code 10 1800 FRUITVILLE PIKE · LANCASTER, PA 176048408	Accounting	$11,500
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$505

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$76K

$587 / participant

Contract admin$76K100.0%

% of EOY assets

0.565%

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

$91,671

$63,114+45.2%

$92,909-1.3%

$65,185+40.6%

Participation rate

82.9%

68.8%+14.2pp

76.0%+6.9pp

70.2%+12.7pp

Annual return

21.84%

28.75%-6.9pp

109.44%-87.6pp

29.38%-7.5pp

Employer contribution / active EE

$6,936

$2,571+169.8%

$3,653+89.8%

$2,177+218.6%

Participant deferral / active EE

$4,746

$3,108+52.7%

$4,238+12.0%

$3,514+35.1%

Admin fee / account holder

$518

$624-16.9%

$5,795-91.1%

$847-38.8%

Provider

Service type

Compensation

FIRST NATIONAL TRUST COMPANY2 years

Service code 25

4140 E STATE ST · HERMITAGE, PA 16148

Directed Trustee

$36,195

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Service code 64

8515 E ORCHARD RD. · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$16,175

THE RETIREMENT ADVANTAGE INC2 years

Service code 13

47 PARK PL STE 850 · APPLETON, WI 54914

Contract Administrator

$12,033

RKL LLP2 years

Service code 10

1800 FRUITVILLE PIKE · LANCASTER, PA 176048408

Accounting

$11,500

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$505

THE WITMER GROUP RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE WITMER GROUP RETIREMENT 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