Retirement plan

W.E. BOWERS AND ASSOCIATES UNION RETIREMENT PLAN

Name: W.E. BOWERS AND ASSOCIATES, INC. - W.E. BOWERS AND ASSOCIATES UNION RETIREMENT PLAN (2016) Form 5500
Creator: W.E. BOWERS AND ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, W.E. BOWERS AND ASSOCIATES UNION RETIREMENT PLAN, W.E. BOWERS AND ASSOCIATES, INC.

W.E. BOWERS AND ASSOCIATES, INC.EIN 52-1339598Plan #001PY 2016

12401 KILN CT SUITE A - BELTSVILLE, MD 207051323301-419-2488

Other plans on this EIN

1 filing

#002Retirement-$8.9M assets

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$8.7M

+7.6% from 2015

Total participants

531

+0.4% from 2015

Average account balance

$52,837

-2.2% from 2015

Annual return

5.16%

+6.83 pp from 2015

Benchmarks

See 1,079 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,079 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.78M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

394

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.

34.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.32M

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

+11.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$250

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
NATIONWIDE2+ years Service code 37 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Loan Processing	$89,383
UNITED RETIREMENT INC2+ years Filed as: UNITED RETIREMENT, INC. Service code 14 · EIN 25-1759623 545 METRO PLACE S. · DUBLIN, OH 43017	Plan Administrator	$3,075
SUNTRUST BANKS, INC.2+ years Filed as: SUNTRUST INVESTMENT SERVICES Service code 52 303 PEACHTREE CENTER AVE, STE 140 · ATLANTA, GA 30303	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2G2J2K3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$40K

$78 / participant

Contract admin$40K100.0%

% of EOY assets

0.456%

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: MICHAEL RINALDI & CO, LLP
Auditor EIN: 481267223
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,837

$57,921-8.8%

$84,753-37.7%

$57,658-8.4%

Participation rate

27.8%

72.9%-45.2pp

76.6%-48.8pp

70.2%-42.5pp

Annual return

5.16%

10.24%-5.1pp

22.78%-17.6pp

5.13%0pp

Employer contribution / active EE

$2,598-100.0%

$3,574-100.0%

$1,974-100.0%

Participant deferral / active EE

$1,543

$2,742-43.7%

$3,712-58.4%

$3,061-49.6%

Admin fee / account holder

$241

$130+85.8%

$5,333-95.5%

$95+154.9%

Provider

Service type

Compensation

NATIONWIDE2+ years

Service code 37 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Loan Processing

$89,383

UNITED RETIREMENT INC2+ years

Filed as: UNITED RETIREMENT, INC.

Service code 14 · EIN 25-1759623

545 METRO PLACE S. · DUBLIN, OH 43017

Plan Administrator

$3,075

SUNTRUST BANKS, INC.2+ years

Filed as: SUNTRUST INVESTMENT SERVICES

Service code 52

303 PEACHTREE CENTER AVE, STE 140 · ATLANTA, GA 30303

Indirect Investment Fees

W.E. BOWERS AND ASSOCIATES UNION RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

W.E. BOWERS AND ASSOCIATES UNION 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