Retirement plan

PORTABLE WELDING SERVICES, INC. 401(K) PROFIT SHARING PLAN

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

PORTABLE WELDING SERVICES, INC.EIN 56-1577653Plan #004PY 2021

47 INDIAN TRAIL - MILLS RIVER, NC 28742828-891-3195LinkedIn11-50 employeesfacilities services

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$737K

-20.0% from 2020

Total participants

-15.4% from 2020

Average account balance

$81,884

-2.2% from 2020

Annual return

9.61%

-4.83 pp from 2020

Benchmarks

See 44,702 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort44,702 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$982K

Not enough data

1 years with asset history on file

Average account balance

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

$164K

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.

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.

60.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$35K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+15.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2777

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$326K

$36222 / participant

Other / not subdivided$326K100.0%

% of EOY assets

44.236%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$81,884

$124,330-34.1%

$109,173-25.0%

$167,536-51.1%

Participation rate

77.8%

79.5%-1.7pp

75.9%+1.9pp

82.1%-4.3pp

Annual return

9.61%

26.04%-16.4pp

25.75%-16.1pp

478.82%-469.2pp

Employer contribution / active EE

$3,446

$4,209-18.1%

$3,723-7.4%

$4,839-28.8%

Participant deferral / active EE

$1,559

$5,256-70.3%

$4,654-66.5%

$6,342-75.4%

Admin fee / account holder

$36,222

$7,974+354.2%

$6,755+436.2%

$12,315+194.1%

PORTABLE WELDING SERVICES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PORTABLE WELDING SERVICES, 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