Retirement plan

WHITAKER BROTHERS BUSINESS MACHINES, INC. & WHITAKER PARKING SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Name: WHITAKER BROTHERS BUSINESS MACHINES, INC. - WHITAKER BROTHERS BUSINESS MACHINES, INC. & WHITAKER PARKING SYSTEMS, INC. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: WHITAKER BROTHERS BUSINESS MACHINES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WHITAKER BROTHERS BUSINESS MACHINES, INC. & WHITAKER PARKING SYSTEMS, INC. 401(K) PROFIT SHARING PLAN, WHITAKER BROTHERS BUSINESS MACHINES, INC.

WHITAKER BROTHERS BUSINESS MACHINES, INC.EIN 52-1357073Plan #002PY 2016

3 TAFT COURT - ROCKVILLE, MD 20850301-354-3001

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$8.6M

+8.1% from 2015

Total participants

+1.7% from 2015

Average account balance

$158,375

+2.1% from 2015

Annual return

7.51%

+6.60 pp from 2015

Benchmarks

See 9,335 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,335 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.63M

Not enough data

1 years with asset history on file

Average account balance

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

$340K

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.

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.

122.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$206K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+19.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$13052

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3B3D3H

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

2 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.)

Expense breakdown

Schedule H Part II

Admin total

$208K

$4160 / participant

Other / not subdivided$208K100.0%

% of EOY assets

2.432%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$158,375

$69,977+126.3%

$108,582+45.9%

$62,881+151.9%

Participation rate

88.0%

72.9%+15.1pp

79.6%+8.4pp

69.3%+18.7pp

Annual return

7.51%

10.73%-3.2pp

-51.70%+59.2pp

20.14%-12.6pp

Employer contribution / active EE

$364

$2,135-83.0%

$3,758-90.3%

$2,281-84.1%

Participant deferral / active EE

$4,443

$3,165+40.4%

$4,311+3.1%

$3,203+38.7%

Admin fee / account holder

$3,852

$5,076-24.1%

$7,645-49.6%

$4,296-10.3%

WHITAKER BROTHERS BUSINESS MACHINES, INC. & WHITAKER PARKING SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WHITAKER BROTHERS BUSINESS MACHINES, INC. & WHITAKER PARKING SYSTEMS, INC. 401(K) PROFIT SHARING 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