Retirement plan

ACW MANAGEMENT CORPORATION PROFIT SHARING PLAN AND TRUST

Name: ACW MANAGEMENT CORPORATION - ACW MANAGEMENT CORPORATION PROFIT SHARING PLAN AND TRUST (2022) Form 5500
Creator: ACW MANAGEMENT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ACW MANAGEMENT CORPORATION PROFIT SHARING PLAN AND TRUST, ACW MANAGEMENT CORPORATION

ACW MANAGEMENT CORPORATIONEIN 56-0937612Plan #001PY 2022

2019 EASTCHESTER DR - HIGH POINT, NC 272651557336-841-4188

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$4.3M

-20.3% from 2021

Total participants

138

-7.4% from 2021

Average account balance

$50,810

-9.0% from 2021

Annual return

-13.79%

-31.82 pp from 2021

Benchmarks

See 1,742 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,742 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.53M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

115

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.

75.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$298K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+8.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6786

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 3 by compensation

Provider	Service type	Compensation
OPPENHEIMER8+ years Filed as: OPPENHEIMER & CO., INC. Service code 51 · EIN 13-5657518 85 BROAD STREET · NEW YORK, NY 10004	Investment Mgmt Fees	$47,714
MATRIX TRUST COMPANY7+ years Filed as: MATRIX TRUST CO Service code 19 · EIN 75-3182674 717 17TH STREET, SUITE 1300 · DENVER, CO 80202	Securities Custodian	$4,514
TRINITY PENSION GROUP, LLC3 years Service code 13 · EIN 20-0235252 PO BOX 2159 · JAMESTOWN, NC 27282	Contract Administrator	$4,119

Plan features & details

Pension benefit codes2E2J2K3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$56K

$482 / participant

Investment mgmt$56K100.0%

% of EOY assets

1.307%

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: CARR, RIGGS & INGRAM, LLC
Auditor EIN: 721396621
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,810

$51,226-0.8%

$82,744-38.6%

$66,938-24.1%

Participation rate

54.7%

67.9%-13.2pp

72.6%-17.9pp

69.8%-15.1pp

Annual return

-13.79%

-9.61%-4.2pp

702.22%-716.0pp

1.58%-15.4pp

Employer contribution / active EE

$2,612-100.0%

$3,008-100.0%

$2,545-100.0%

Participant deferral / active EE

$1,173

$3,460-66.1%

$4,395-73.3%

$4,238-72.3%

Admin fee / account holder

$664

$416+59.8%

$5,325-87.5%

$594+11.9%

Provider

Service type

Compensation

OPPENHEIMER8+ years

Filed as: OPPENHEIMER & CO., INC.

Service code 51 · EIN 13-5657518

85 BROAD STREET · NEW YORK, NY 10004

Investment Mgmt Fees

$47,714

MATRIX TRUST COMPANY7+ years

Filed as: MATRIX TRUST CO

Service code 19 · EIN 75-3182674

717 17TH STREET, SUITE 1300 · DENVER, CO 80202

Securities Custodian

$4,514

TRINITY PENSION GROUP, LLC3 years

Service code 13 · EIN 20-0235252

PO BOX 2159 · JAMESTOWN, NC 27282

Contract Administrator

$4,119

ACW MANAGEMENT CORPORATION PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ACW MANAGEMENT CORPORATION PROFIT SHARING PLAN AND 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