Retirement plan

WAKE STONE CORPORATION PROFIT SHARING AND 401(K) PLAN

Name: WAKE STONE CORPORATION - WAKE STONE CORPORATION PROFIT SHARING AND 401(K) PLAN (2022) Form 5500
Creator: WAKE STONE CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WAKE STONE CORPORATION PROFIT SHARING AND 401(K) PLAN, WAKE STONE CORPORATION

WAKE STONE CORPORATIONEIN 56-0946494Plan #001PY 2022

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$28.3M

-10.3% from 2021

Total participants

151

0.0% from 2021

Average account balance

$187,535

-10.3% from 2021

Annual return

-14.91%

-28.60 pp from 2021

Benchmarks

See 274 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants100-249

Cohort274 peers

Snapshot2022

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 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL4 years Service code 64 · EIN 04-2647786	Recordkeeping Fees	$30,185
MORGAN STANLEY SMITH BARNEY7+ years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 26 · EIN 20-8764829	Advisory (Participants)	$27,012
CAPFINANCIAL PARTNERS LLC1 year Filed as: CAPTRUST FINANCIAL ADVISORS Service code 27 · EIN 26-0058143	Advisory (Plan)	$19,511

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

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

$77K

$522 / participant

Other / not subdivided$77K100.0%

% of EOY assets

0.271%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BATCHELOR, TILLERY & ROBERTS, LLP
Auditor EIN: 561750124
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$187,535

$64,871+189.1%

$129,110+45.3%

$66,930+180.2%

Participation rate

100.0%

74.0%+26.0pp

77.3%+22.7pp

69.8%+30.2pp

Annual return

-14.91%

-12.21%-2.7pp

-10.94%-4.0pp

1.57%-16.5pp

Employer contribution / active EE

$13,605

$3,741+263.7%

$5,052+169.3%

$2,545+434.6%

Participant deferral / active EE

$6,239

$5,090+22.6%

$6,542-4.6%

$4,238+47.2%

Admin fee / account holder

$508

$629-19.2%

$14,302-96.4%

$593-14.4%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Service code 64 · EIN 04-2647786

Recordkeeping Fees

$30,185

MORGAN STANLEY SMITH BARNEY7+ years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 26 · EIN 20-8764829

Advisory (Participants)

$27,012

CAPFINANCIAL PARTNERS LLC1 year

Filed as: CAPTRUST FINANCIAL ADVISORS

Service code 27 · EIN 26-0058143

Advisory (Plan)

$19,511

WAKE STONE CORPORATION PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WAKE STONE CORPORATION 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