Retirement plan

WASHINGTON GAS LIGHT COMPANY CAP APPR PLAN/UNION

Name: WASHINGTON GAS LIGHT COMPANY - WASHINGTON GAS LIGHT COMPANY CAP APPR PLAN/UNION (2021) Form 5500
Creator: WASHINGTON GAS LIGHT COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WASHINGTON GAS LIGHT COMPANY CAP APPR PLAN/UNION, WASHINGTON GAS LIGHT COMPANY

WASHINGTON GAS LIGHT COMPANYEIN 53-0162882Plan #004PY 2021

1000 MAINE AVE., SW - WASHINGTON, DC 20024703-750-4582sitel.orgLinkedIn5001-10000 employeeseducation management

Other plans on this EIN

2 filings

#001Retirement-$1.08B assets #003Retirement-$334.9M assets

Prospect flagsLow returnsHigh feesLow participant contributionCorrective distributions

Top hat statement on fileNQDC

Filed June 29, 2010 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$132.9M

+9.8% from 2020

Total participants

1,130

-2.3% from 2020

Average account balance

$121,957

+12.2% from 2020

Annual return

13.05%

+2.34 pp from 2020

Benchmarks

See 119 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants250-999

Cohort119 peers

Snapshot2021

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Analytics

Total assets (EOY)

Plan-year ending balance

$148.00M

Not enough data

1 years with asset history on file

Average account balance

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

$138K

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.

1,074

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.

96.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.35M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+12.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$405

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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE7+ years Filed as: ADVISED ASSETS GROUP, LLC Service code 27 · EIN 84-1532243	Advisory (Plan)	$142,081
GROOM LAW GROUP1 year Filed as: GROOM LAW GROUP CHARTERED Service code 29 1701 PENNSYLVANIA AVE NW SUITE 1200 · WASHINGTON, DC 20006	Legal	$83,304
GREAT-WEST LIFE & ANNUITY INSURANCE7+ years Service code 15 · EIN 84-0467907	Recordkeeping	$71,718
WILLIS TOWERS WATSON US LLC3 years Filed as: TOWERS WATSON INVESTMENT SERVICES I Service code 27 875 THIRD AVE · NEW YORK, NY 10022	Advisory (Plan)	$47,000
GRANT THORNTON LLP7+ years Service code 10 33562 TREASURY CENTER · CHICAGO, IL 606943500	Accounting	$44,100

Plan features & details

Pension benefit codes2E2F2G2J2K2S3H

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

4 tripped

OpportunityLow participant contribution
Participant 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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$388K

$421 / participant

Investment mgmt$189K48.7%
Other / not subdivided$199K51.3%

% of EOY assets

0.292%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: GRANT THORNTON LLP
Auditor EIN: 366055558
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$121,957

$172,932-29.5%

$119,258+2.3%

$86,799+40.5%

Participation rate

95.7%

89.4%+6.2pp

82.7%+12.9pp

72.3%+23.4pp

Annual return

13.05%

20.96%-7.9pp

30.69%-17.6pp

97.91%-84.9pp

Employer contribution / active EE

$3,916

$5,487-28.6%

$4,384-10.7%

$2,405+62.8%

Participant deferral / active EE

$4,434

$8,466-47.6%

$6,111-27.4%

$4,131+7.3%

Admin fee / account holder

$356

$150+137.0%

$7,226-95.1%

$170+110.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE7+ years

Filed as: ADVISED ASSETS GROUP, LLC

Service code 27 · EIN 84-1532243

Advisory (Plan)

$142,081

GROOM LAW GROUP1 year

Filed as: GROOM LAW GROUP CHARTERED

Service code 29

1701 PENNSYLVANIA AVE NW SUITE 1200 · WASHINGTON, DC 20006

Legal

$83,304

GREAT-WEST LIFE & ANNUITY INSURANCE7+ years

Service code 15 · EIN 84-0467907

Recordkeeping

$71,718

WILLIS TOWERS WATSON US LLC3 years

Filed as: TOWERS WATSON INVESTMENT SERVICES I

Service code 27

875 THIRD AVE · NEW YORK, NY 10022

Advisory (Plan)

$47,000

GRANT THORNTON LLP7+ years

Service code 10

33562 TREASURY CENTER · CHICAGO, IL 606943500

Accounting

$44,100

WASHINGTON GAS LIGHT COMPANY CAP APPR PLAN/UNION

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WASHINGTON GAS LIGHT COMPANY CAP APPR PLAN/UNION

Top hat statement on fileNQDC

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