Retirement plan

R. W. WARNER, INC. PROFIT SHARING AND 401(K) PLAN

Name: R. W. WARNER, INC. - R. W. WARNER, INC. PROFIT SHARING AND 401(K) PLAN (2024) Form 5500
Creator: R. W. WARNER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, R. W. WARNER, INC. PROFIT SHARING AND 401(K) PLAN, R. W. WARNER, INC.

R. W. WARNER, INC.EIN 52-0846460Plan #001PY 2024

217 MONROE AVE - FREDERICK, MD 21701301-662-5387rwwarner.comLinkedIn201-500 employeesconstruction

Prospect flagsHigh feesLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$10.1M

+15.7% from 2023

Total participants

326

-3.3% from 2023

Average account balance

$36,083

+11.6% from 2023

Annual return

13.46%

-0.79 pp from 2023

Benchmarks

See 3,444 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,444 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.14M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

281

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.

81.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$786K

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

+13.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$321

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 3 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY10+ years Filed as: MORGAN STANLEY Service code 26 · EIN 26-4310632 650 S. EXETER STREET · BALTIMORE, MD 21202	Advisory (Participants)	$44,925
NWPS5 years Service code 37 · EIN 91-2090931 300 EAST JOPPA ROAD · TOWSON, MD 21286	Loan Processing	$27,327
ELLIN & TUCKER, CHARTERED10+ years Filed as: ELLIN AND TUCKER Service code 10 · EIN 52-0959934 30 WEST PATRICK STREET · FREDERICK, MD 21701	Accounting	$17,500

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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.
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

4 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$90K

$378 / participant

Recordkeeping$27K30.3%
Trustee / custodial$5000.6%
Investment mgmt$45K49.8%
Other / not subdivided$18K19.4%

% of EOY assets

0.890%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ELLIN & TUCKER, CHARTERED
Auditor EIN: 520959934
Audit fees: $17,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,083

$80,781-55.3%

$102,437-64.8%

$74,478-51.6%

Participation rate

81.2%

65.7%+15.5pp

74.5%+6.7pp

67.2%+14.0pp

Annual return

13.46%

27.58%-14.1pp

24.95%-11.5pp

1370.56%-1357.1pp

Employer contribution / active EE

$209

$3,160-93.4%

$3,871-94.6%

$2,626-92.0%

Participant deferral / active EE

$3,081

$3,862-20.2%

$5,060-39.1%

$4,350-29.2%

Admin fee / account holder

$321

$2,372-86.5%

$8,388-96.2%

$1,946-83.5%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY10+ years

Filed as: MORGAN STANLEY

Service code 26 · EIN 26-4310632

650 S. EXETER STREET · BALTIMORE, MD 21202

Advisory (Participants)

$44,925

NWPS5 years

Service code 37 · EIN 91-2090931

300 EAST JOPPA ROAD · TOWSON, MD 21286

Loan Processing

$27,327

ELLIN & TUCKER, CHARTERED10+ years

Filed as: ELLIN AND TUCKER

Service code 10 · EIN 52-0959934

30 WEST PATRICK STREET · FREDERICK, MD 21701

Accounting

$17,500

R. W. WARNER, INC. PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

R. W. WARNER, INC. PROFIT SHARING AND 401(K) 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