Retirement plan

WAKE STONE CORP PROFIT SHARING AND 401(K) PLAN

Name: WAKE STONE CORPORATION - WAKE STONE CORP PROFIT SHARING AND 401(K) PLAN (2020) Form 5500
Creator: WAKE STONE CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WAKE STONE CORP PROFIT SHARING AND 401(K) PLAN, WAKE STONE CORPORATION

WAKE STONE CORPORATIONEIN 56-0946494Plan #001PY 2020

PO BOX 190 - KNIGHTDALE, NC 275450190919-266-1100wakestonecorp.comLinkedIn51-200 employeesmining & metals

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$26.3M

+23.4% from 2019

Total participants

151

+0.7% from 2019

Average account balance

$174,020

+22.6% from 2019

Annual return

16.81%

-3.17 pp from 2019

Benchmarks

See 270 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants100-249

Cohort270 peers

Snapshot2020

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

$2.55M

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

-82.76%

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

Top 2 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY5+ years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 26 · EIN 26-4310632	Advisory (Participants)	$31,672
FIDELITY INVESTMENTS INSTITUTIONAL2 years Service code 64 · EIN 04-2647786	Recordkeeping Fees	$26,641

Plan features & details

Pension benefit codes2E2F2J2T3D

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).
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$58K

$386 / participant

Other / not subdivided$58K100.0%

% of EOY assets

0.222%

all-in expense ratio

Categories reported

0 / 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: BATCHELOR TILLERY & ROBERTS, LLP
Auditor EIN: 561750124
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$174,020

$72,554+139.8%

$138,135+26.0%

$73,493+136.8%

Participation rate

100.0%

74.8%+25.2pp

78.7%+21.3pp

70.7%+29.3pp

Annual return

16.81%

17.50%-0.7pp

20.51%-3.7pp

28.51%-11.7pp

Employer contribution / active EE

$10,927

$3,511+211.2%

$5,587+95.6%

$2,270+381.4%

Participant deferral / active EE

$4,419

$4,908-10.0%

$6,431-31.3%

$3,740+18.2%

Admin fee / account holder

$386

$464-16.8%

$11,856-96.7%

$513-24.7%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY5+ years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 26 · EIN 26-4310632

Advisory (Participants)

$31,672

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Service code 64 · EIN 04-2647786

Recordkeeping Fees

$26,641

WAKE STONE CORP PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WAKE STONE CORP PROFIT SHARING AND 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