Retirement plan

W.M. JORDAN COMPANY, INC. PROFIT SHARING/401(K) PLAN

Name: W. M. JORDAN COMPANY, INC. - W.M. JORDAN COMPANY, INC. PROFIT SHARING/401(K) PLAN (2021) Form 5500
Creator: W. M. JORDAN COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, W.M. JORDAN COMPANY, INC. PROFIT SHARING/401(K) PLAN, W. M. JORDAN COMPANY, INC.

W. M. JORDAN COMPANY, INC.EIN 54-0637212Plan #002PY 2021

11010 JEFFERSON AVE - NEWPORT NEWS, VA 236012717757-596-6341wmjordan.comLinkedIn201-500 employeesconstruction

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$59.4M

+8.4% from 2020

Total participants

361

+3.4% from 2020

Average account balance

$167,665

+5.0% from 2020

Annual return

14.63%

-1.16 pp from 2020

Benchmarks

See 1,300 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,300 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$63.99M

Not enough data

1 years with asset history on file

Average account balance

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

$177K

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.

361

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.

95.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.84M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+13.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$295

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
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290	Contract Administrator	$158,565
GARGULA, JOHN A.1 year Service code 49 2423 EARLY SETTLERS RD · NORTH CHESTERFIELD, VA 232353811	Other Services	$10,162
DAVISWALKER LLC7+ years Service code 49 · EIN 54-1655574	Other Services	$10,101
GLOBAL RETIREMENT PARTNERS LLC1 year Filed as: GLOBAL RETIREMENT PARTNE Service code 27 · EIN 47-1411118	Advisory (Plan)	$6,195
WILSHIRE ASSOCIATES INCORPORATED7+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
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

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

$165K

$562 / participant

Investment mgmt$6K3.8%
Contract admin$159K96.2%

% of EOY assets

0.278%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BROWN, EDWARDS, & COMPANY
Auditor EIN: 540504608
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$167,665

$78,275+114.2%

$109,163+53.6%

$86,813+93.1%

Participation rate

97.6%

73.8%+23.8pp

75.9%+21.7pp

72.3%+25.3pp

Annual return

14.63%

19.14%-4.5pp

25.75%-11.1pp

97.93%-83.3pp

Employer contribution / active EE

$341

$3,105-89.0%

$3,723-90.8%

$2,406-85.8%

Participant deferral / active EE

$10,075

$3,641+176.7%

$4,654+116.5%

$4,131+143.9%

Admin fee / account holder

$465

$198+134.5%

$6,754-93.1%

$170+174.5%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY7+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$158,565

GARGULA, JOHN A.1 year

Service code 49

2423 EARLY SETTLERS RD · NORTH CHESTERFIELD, VA 232353811

Other Services

$10,162

DAVISWALKER LLC7+ years

Service code 49 · EIN 54-1655574

Other Services

$10,101

GLOBAL RETIREMENT PARTNERS LLC1 year

Filed as: GLOBAL RETIREMENT PARTNE

Service code 27 · EIN 47-1411118

Advisory (Plan)

$6,195

WILSHIRE ASSOCIATES INCORPORATED7+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

W.M. JORDAN COMPANY, INC. PROFIT SHARING/401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

W.M. JORDAN COMPANY, INC. PROFIT SHARING/401(K) 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