Retirement plan

WOODFORM, INC. D/B/A REFORM 401(K) PROFIT SHARING PLAN & TRUST

Name: WOODFORM, INC. D/B/A REFORM - WOODFORM, INC. D/B/A REFORM 401(K) PROFIT SHARING PLAN & TRUST (2018) Form 5500
Creator: WOODFORM, INC. D/B/A REFORM
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WOODFORM, INC. D/B/A REFORM 401(K) PROFIT SHARING PLAN & TRUST, WOODFORM, INC. D/B/A REFORM

WOODFORM, INC. D/B/A REFORMEIN 52-1440723Plan #001PY 2018

2500 C. BROENING HWY - BALTIMORE, MD 21224410-633-6700

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.8M

-7.8% from 2017

Total participants

-10.0% from 2017

Average account balance

$87,966

-7.8% from 2017

Annual return

-7.64%

-22.71 pp from 2017

Benchmarks

See 8,254 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,254 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$67K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+9.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 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

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

$120K

$5005 / participant

Other / not subdivided$120K100.0%

% of EOY assets

6.502%

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

$87,966

$99,032-11.2%

$80,022+9.9%

$135,379-35.0%

Participation rate

75.0%

78.4%-3.4pp

75.8%-0.8pp

82.6%-7.6pp

Annual return

-7.64%

15.39%-23.0pp

11.22%-18.9pp

519.79%-527.4pp

Employer contribution / active EE

$1,374

$3,043-54.9%

$2,468-44.3%

$4,779-71.3%

Participant deferral / active EE

$3,498

$4,282-18.3%

$3,686-5.1%

$5,609-37.6%

Admin fee / account holder

$5,720

$10,436-45.2%

$6,521-12.3%

$10,828-47.2%

WOODFORM, INC. D/B/A REFORM 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WOODFORM, INC. D/B/A REFORM 401(K) PROFIT SHARING PLAN & TRUST

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