Retirement plan

M. R. WILLIAMS, INC. 401(K) PROFIT SHARING PLAN

Name: M. R. WILLIAMS, INC. - M. R. WILLIAMS, INC. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: M. R. WILLIAMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, M. R. WILLIAMS, INC. 401(K) PROFIT SHARING PLAN, M. R. WILLIAMS, INC.

M. R. WILLIAMS, INC.EIN 56-1130993Plan #001PY 2022

235 RALEIGH ROAD - HENDERSON, NC 27536252-438-8104mrwilliams.comLinkedIn201-500 employeeslogistics and supply chain

Prospect flagsLow participationLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$9.2M

-13.8% from 2021

Total participants

314

+9.8% from 2021

Average account balance

$48,135

-16.9% from 2021

Annual return

-13.35%

-26.03 pp from 2021

Benchmarks

See 1,338 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,338 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.76M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

194

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.

26.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$811K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+11.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$195

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
CAROLINA WEALTH MANAGEMENT, INC.3 years Filed as: CAROLINA WEALTH MANAGEMENT INC Service code 27 · EIN 86-1092482 1706-A E ARLINGTON BLVD · GREENVILLE, NC 27858	Advisory (Plan)	$27,938
NATIONWIDE8+ years Filed as: NATIONWIDE FINANCIAL SERVICES Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$26,569
TRINITY PENSION GROUP, LLC8+ years Filed as: TRINITY PENSION GROUP Service code 13 · EIN 20-0235252 P.O. BOX 2159 · JAMESTOWN, NC 27282	Contract Administrator	$17,212
NATIONWIDE7 years Service code 13	Contract Administrator	$2,285

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$54K

$185 / participant

Contract admin$54K100.0%

% of EOY assets

0.581%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WILLIAM L. STARK AND COMPANY
Auditor EIN: 561342467
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,135

$71,142-32.3%

$119,622-59.8%

$64,819-25.7%

Participation rate

57.9%

78.6%-20.7pp

79.3%-21.3pp

71.5%-13.5pp

Annual return

-13.35%

-10.01%-3.3pp

-14.98%+1.6pp

32.84%-46.2pp

Employer contribution / active EE

$738

$2,497-70.4%

$4,232-82.6%

$2,507-70.5%

Participant deferral / active EE

$2,087

$4,490-53.5%

$5,601-62.7%

$4,311-51.6%

Admin fee / account holder

$280

$162+72.6%

$10,328-97.3%

$188+49.0%

Provider

Service type

Compensation

CAROLINA WEALTH MANAGEMENT, INC.3 years

Filed as: CAROLINA WEALTH MANAGEMENT INC

Service code 27 · EIN 86-1092482

1706-A E ARLINGTON BLVD · GREENVILLE, NC 27858

Advisory (Plan)

$27,938

NATIONWIDE8+ years

Filed as: NATIONWIDE FINANCIAL SERVICES

Service code 15 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$26,569

TRINITY PENSION GROUP, LLC8+ years

Filed as: TRINITY PENSION GROUP

Service code 13 · EIN 20-0235252

P.O. BOX 2159 · JAMESTOWN, NC 27282

Contract Administrator

$17,212

NATIONWIDE7 years

Service code 13

Contract Administrator

$2,285

M. R. WILLIAMS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

M. R. WILLIAMS, INC. 401(K) PROFIT SHARING 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