Retirement plan

WATSCO, INC. PROFIT SHARING RETIREMENT PLAN AND TRUST

Name: WATSCO, INC. - WATSCO, INC. PROFIT SHARING RETIREMENT PLAN AND TRUST (2018) Form 5500
Creator: WATSCO, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WATSCO, INC. PROFIT SHARING RETIREMENT PLAN AND TRUST, WATSCO, INC.

WATSCO, INC.EIN 59-0778222Plan #001PY 2018

2665 S. BAYSHORE DRIVE, SUITE 901 - MIAMI, FL 33133305-714-4100watsco.comLinkedIn5001-10000 employeeswholesale

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$124.8M

-5.0% from 2016

Total participants

3,300

-24.1% from 2016

Average account balance

$43,604

+15.5% from 2016

Annual return

-5.16%

-4.58 pp from 2016

Benchmarks

See 277 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort277 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$562.08M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

7,751

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.

94.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$46.65M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+15.57%

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

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
REGIONS BANK1 year Service code 16 1900 FIFTH AVENUE NORTH · BIRMINGHAM, AL 35203	Consulting	$50,000
TEMPLETON & COMPANY LLP1 year Filed as: TEMPLETON & COMPANY Service code 10 222 LAKEVIEW AVE · WEST PALM BEACH, FL 33401	Accounting	$17,536
T ROWE PRICE RPS INC4+ years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$6,184
CHARLES SCHWAB & CO., INC.1 year Service code 33 211 MAIN STREET · SAN FRANCISCO, CA 94105	Direct payment from the plan; Shareho...	$195

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$76K

$27 / participant

Other / not subdivided$76K100.0%

% of EOY assets

0.061%

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: TEMPLETON & COMPANY, LLP
Auditor EIN: 141918990
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,604

$64,311-32.2%

$110,243-60.4%

$75,289-42.1%

Participation rate

84.2%

79.3%+4.9pp

79.8%+4.4pp

72.4%+11.8pp

Annual return

-5.16%

-1.74%-3.4pp

314.76%-319.9pp

-0.04%-5.1pp

Employer contribution / active EE

$825

$2,404-65.7%

$3,827-78.4%

$2,405-65.7%

Participant deferral / active EE

$2,835

$3,892-27.1%

$4,672-39.3%

$3,739-24.2%

Admin fee / account holder

$26

$88-69.8%

$8,548-99.7%

$102-74.1%

Provider

Service type

Compensation

REGIONS BANK1 year

Service code 16

1900 FIFTH AVENUE NORTH · BIRMINGHAM, AL 35203

Consulting

$50,000

TEMPLETON & COMPANY LLP1 year

Filed as: TEMPLETON & COMPANY

Service code 10

222 LAKEVIEW AVE · WEST PALM BEACH, FL 33401

Accounting

$17,536

T ROWE PRICE RPS INC4+ years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$6,184

CHARLES SCHWAB & CO., INC.1 year

Service code 33

211 MAIN STREET · SAN FRANCISCO, CA 94105

Direct payment from the plan; Shareho...

$195

WATSCO, INC. PROFIT SHARING RETIREMENT PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WATSCO, INC. PROFIT SHARING RETIREMENT 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