Retirement plan

WRIGHT MANUFACTURING, INC. 401(K) RETIREMENT SAVINGS PLAN

Name: WRIGHT MANUFACTURING, INC. - WRIGHT MANUFACTURING, INC. 401(K) RETIREMENT SAVINGS PLAN (2020) Form 5500
Creator: WRIGHT MANUFACTURING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WRIGHT MANUFACTURING, INC. 401(K) RETIREMENT SAVINGS PLAN, WRIGHT MANUFACTURING, INC.

WRIGHT MANUFACTURING, INC.EIN 52-1369930Plan #002PY 2020

4600X WEDGEWOOD BLVD - FREDERICK, MD 21703301-360-9810LinkedIn51-200 employeesmachinery

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$4.7M

+17.7% from 2019

Total participants

153

+4.1% from 2019

Average account balance

$59,730

+10.2% from 2019

Annual return

14.26%

-17.36 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.57M

Not enough data

1 years with asset history on file

Average account balance

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

$64K

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.

119

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.

54.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$761K

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

+21.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9435

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

Top 1 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850	Recordkeeping	$11,798

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

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

$12K

$91 / participant

Investment mgmt$12K100.0%

% of EOY assets

0.250%

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: MCLEAN, KOEHLER, SPARKS & HAMMOND
Auditor EIN: 520547375
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,730

$73,638-18.9%

$95,964-37.8%

$73,497-18.7%

Participation rate

42.6%

76.2%-33.5pp

77.1%-34.4pp

70.7%-28.0pp

Annual return

14.26%

16.78%-2.5pp

91.64%-77.4pp

28.51%-14.3pp

Employer contribution / active EE

$1,179

$1,863-36.7%

$2,541-53.6%

$2,270-48.1%

Participant deferral / active EE

$2,471

$3,617-31.7%

$4,167-40.7%

$3,740-33.9%

Admin fee / account holder

$149

$482-69.0%

$6,797-97.8%

$513-70.9%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Filed as: MASSMUTUAL LIFE INSURANCE CO.

Service code 15 · EIN 04-1590850

Recordkeeping

$11,798

WRIGHT MANUFACTURING, INC. 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WRIGHT MANUFACTURING, INC. 401(K) RETIREMENT SAVINGS 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