Retirement plan

WSFS FINANCIAL CORPORATION SECTION 401K SAVINGS & RETIREMENT PLAN

Name: WILMINGTON SAVINGS FUND SOCIETY, FSB - WSFS FINANCIAL CORPORATION SECTION 401K SAVINGS & RETIREMENT PLAN (2020) Form 5500
Creator: WILMINGTON SAVINGS FUND SOCIETY, FSB
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WSFS FINANCIAL CORPORATION SECTION 401K SAVINGS & RETIREMENT PLAN, WILMINGTON SAVINGS FUND SOCIETY, FSB

WILMINGTON SAVINGS FUND SOCIETY, FSBEIN 51-0054940Plan #002PY 2020

500 DELAWARE AVENUE - WILMINGTON, DE 19899302-571-7000LinkedIn1001-5000 employeesbanking

Other plans on this EIN

4 filings

#004Retirement-$110.3M assets #005Retirement-$746K assets #001Retirement--#003Retirement--

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed November 10, 2014

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$156.4M

+18.5% from 2019

Total participants

2,089

+5.0% from 2019

Average account balance

$76,493

+13.2% from 2019

Annual return

15.18%

-9.75 pp from 2019

Benchmarks

See 526 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort526 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$260.11M

Not enough data

1 years with asset history on file

Average account balance

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

$92K

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.

2,816

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.

70.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$26.87M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+15.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$97

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

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Service providers

Top 10 of 19 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.4 years Filed as: MASSACHUSETTES MUTUAL LIFE INS. CO. Service code 52 · EIN 04-1590850	Indirect Investment Fees	$260,079
PENN INVESTMENT ADVISORS4 years Filed as: PENN INVESTMENT ADVISORS, INC. Service code 27 · EIN 38-3802854	Advisory (Plan)	$200,000
WEB401K.COM, INC.1 year Filed as: WEB401K Service code 14	Plan Administrator	$13,312
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
CALVERT1 year Service code 52 · EIN 52-1233223	Indirect Investment Fees	$0
DIMENSIONAL FUND ADVISORS1 year Service code 52	Indirect Investment Fees	$0
DIMENSIONAL FUND ADVISORS1 year Filed as: DIMENSIONAL FUNDS ADVISORS Service code 52 · EIN 36-3129984	Indirect Investment Fees	$0
DODGE & COX1 year Service code 52 · EIN 94-6067274	Indirect Investment Fees	$0
EMERALD FUNDS1 year Service code 52 · EIN 23-2664857	Indirect Investment Fees	$0
FRANKLIN TEMPLETON1 year Service code 52 · EIN 13-3151768	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$260K

$148 / participant

Investment mgmt$236K90.7%
Contract admin$24K9.3%
Other / not subdivided$150.0%

% of EOY assets

0.166%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KPMG
Auditor EIN: 135565207
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,493

$110,699-30.9%

$177,848-57.0%

$90,274-15.3%

Participation rate

97.5%

88.3%+9.1pp

87.7%+9.8pp

73.4%+24.1pp

Annual return

15.18%

22.79%-7.6pp

48.33%-33.1pp

53.97%-38.8pp

Employer contribution / active EE

$3,616

$4,118-12.2%

$5,919-38.9%

$2,523+43.3%

Participant deferral / active EE

$5,532

$6,731-17.8%

$7,714-28.3%

$4,231+30.8%

Admin fee / account holder

$127

$90+41.3%

$12,431-99.0%

$114+11.5%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.4 years

Filed as: MASSACHUSETTES MUTUAL LIFE INS. CO.

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$260,079

PENN INVESTMENT ADVISORS4 years

Filed as: PENN INVESTMENT ADVISORS, INC.

Service code 27 · EIN 38-3802854

Advisory (Plan)

$200,000

WEB401K.COM, INC.1 year

Filed as: WEB401K

Service code 14

Plan Administrator

$13,312

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

CALVERT1 year

Service code 52 · EIN 52-1233223

Indirect Investment Fees

DIMENSIONAL FUND ADVISORS1 year

Service code 52

Indirect Investment Fees

DIMENSIONAL FUND ADVISORS1 year

Filed as: DIMENSIONAL FUNDS ADVISORS

Service code 52 · EIN 36-3129984

Indirect Investment Fees

DODGE & COX1 year

Service code 52 · EIN 94-6067274

Indirect Investment Fees

EMERALD FUNDS1 year

Service code 52 · EIN 23-2664857

Indirect Investment Fees

FRANKLIN TEMPLETON1 year

Service code 52 · EIN 13-3151768

Indirect Investment Fees

WSFS FINANCIAL CORPORATION SECTION 401K SAVINGS & RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WSFS FINANCIAL CORPORATION SECTION 401K SAVINGS & RETIREMENT PLAN

Top hat statement on fileNQDC

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