Retirement plan

H & M WAGNER & SONS, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: H & M WAGNER & SONS, INC. - H & M WAGNER & SONS, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2021) Form 5500
Creator: H & M WAGNER & SONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, H & M WAGNER & SONS, INC. 401(K) PROFIT SHARING PLAN AND TRUST, H & M WAGNER & SONS, INC.

H & M WAGNER & SONS, INC.EIN 52-0981891Plan #001PY 2021

7204 MAY WAGNER LANE - GLEN BURNIE, MD 21061410-766-1150

Prospect flagsHigh cashLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$9M

+13.8% from 2020

Total participants

138

-2.8% from 2020

Average account balance

$74,043

+9.1% from 2020

Annual return

24.30%

+15.62 pp from 2020

Benchmarks

See 2,249 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,249 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.30M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

139

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.

91.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.03M

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

+11.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$384

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 3 by compensation

Provider	Service type	Compensation
WBH ADVISORY INC4 years Filed as: WBH ADVISORY, INC. Service code 21 · EIN 52-1470972	Bank Trustee	$35,539
BENEFIT AUDIT GROUP, LLC5 years Service code 10 · EIN 26-2404897	Accounting	$10,300
THE RETIREMENT ADVANTAGE INC2 years Filed as: THE RETIREMENT ADVANTAGE, INC. Service code 13 · EIN 39-1816008	Contract Administrator	$7,013

Plan features & details

Pension benefit codes2E2F2H2J2K3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BENEFIT AUDIT GROUP, LLC
Auditor EIN: 262404897
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,043

$93,182-20.5%

$146,643-49.5%

$79,391-6.7%

Participation rate

85.1%

76.4%+8.7pp

80.1%+5.0pp

70.7%+14.4pp

Annual return

24.30%

21.61%+2.7pp

22.75%+1.6pp

116.88%-92.6pp

Employer contribution / active EE

$338

$2,420-86.1%

$4,137-91.8%

$2,428-86.1%

Participant deferral / active EE

$3,482

$4,169-16.5%

$5,506-36.8%

$4,046-13.9%

Admin fee / account holder

$585-100.0%

$10,280-100.0%

$627-100.0%

Provider

Service type

Compensation

WBH ADVISORY INC4 years

Filed as: WBH ADVISORY, INC.

Service code 21 · EIN 52-1470972

Bank Trustee

$35,539

BENEFIT AUDIT GROUP, LLC5 years

Service code 10 · EIN 26-2404897

Accounting

$10,300

THE RETIREMENT ADVANTAGE INC2 years

Filed as: THE RETIREMENT ADVANTAGE, INC.

Service code 13 · EIN 39-1816008

Contract Administrator

$7,013

H & M WAGNER & SONS, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

H & M WAGNER & SONS, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion