Retirement plan

THE CHILES GROUP PROFIT SHARING AND RETIREMENT PLAN

Name: WELD, INC - THE CHILES GROUP PROFIT SHARING AND RETIREMENT PLAN (2020) Form 5500
Creator: WELD, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE CHILES GROUP PROFIT SHARING AND RETIREMENT PLAN, WELD, INC

WELD, INCEIN 59-1920814Plan #001PY 2020

101 PINE AVENUE, P.O. BOX 1478 - ANNA MARIA, FL 34216941-757-3476

Prospect flagsLow participationLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$2.8M

+4.6% from 2019

Total participants

275

+11.8% from 2019

Average account balance

$17,855

-18.3% from 2019

Annual return

16.23%

-0.94 pp from 2019

Benchmarks

See 881 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort881 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

Not enough data

0 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

+1.78%

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 8 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$12,382
CHRISTOPHER BROUSAIDES1 year Filed as: CHRISTOPHER GACOM DBA GREENLINE WEA Service code 27 2255 GLADES RD · BOCA RATON, FL 33431	Advisory (Plan)	$4,058
DORSA CONSULTING SERVICES3 years Filed as: DORSA CONSULTING SERVICES INC Service code 13 PO BOX 720159 · SANDY SPRINGS, GA 30358	Contract Administrator	$2,903
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$968
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 55 1 NEW YORK PLZ 12TH FL · NEW YORK, NY 10004	Other Commissions	$936
THE VANGUARD GROUP, INC.1 year Service code 15 · EIN 23-1945930	Recordkeeping	$690
LEAFHOUSE FINANCIAL ADVISORS, LLC2 years Service code 27 6504 BRIDGE POINT PKWY · AUSTIN, TX 78730	Advisory (Plan)	$509
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN STANLEY INSURANCE SERVICES I Service code 55 1 NEW YORK PLZ 12TH FL · NEW YORK, NY 10004	Other Commissions	$66

Plan features & details

Pension benefit codes2E3D2G2J2K2F2T3H

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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$16K

$66 / participant

Investment mgmt$2K11.4%
Contract admin$6904.4%
Other / not subdivided$13K84.2%

% of EOY assets

0.573%

all-in expense ratio

Categories reported

2 / 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: BRAXTON & HOLWAY, PA
Auditor EIN: 650761778
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,855

$35,986-50.4%

$77,513-77.0%

$73,493-75.7%

Participation rate

49.8%

40.8%+9.0pp

54.2%-4.4pp

70.7%-20.9pp

Annual return

16.23%

19.26%-3.0pp

54.81%-38.6pp

28.51%-12.3pp

Employer contribution / active EE

$644

$557+15.6%

$987-34.7%

$2,270-71.6%

Participant deferral / active EE

$1,130

$1,198-5.6%

$1,861-39.3%

$3,740-69.8%

Admin fee / account holder

$102

$466-78.0%

$2,859-96.4%

$513-80.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$12,382

CHRISTOPHER BROUSAIDES1 year

Filed as: CHRISTOPHER GACOM DBA GREENLINE WEA

Service code 27

2255 GLADES RD · BOCA RATON, FL 33431

Advisory (Plan)

$4,058

DORSA CONSULTING SERVICES3 years

Filed as: DORSA CONSULTING SERVICES INC

Service code 13

PO BOX 720159 · SANDY SPRINGS, GA 30358

Contract Administrator

$2,903

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$968

MORGAN STANLEY SMITH BARNEY3 years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 55

1 NEW YORK PLZ 12TH FL · NEW YORK, NY 10004

Other Commissions

$936

THE VANGUARD GROUP, INC.1 year

Service code 15 · EIN 23-1945930

Recordkeeping

$690

LEAFHOUSE FINANCIAL ADVISORS, LLC2 years

Service code 27

6504 BRIDGE POINT PKWY · AUSTIN, TX 78730

Advisory (Plan)

$509

MORGAN STANLEY SMITH BARNEY3 years

Filed as: MORGAN STANLEY INSURANCE SERVICES I

Service code 55

1 NEW YORK PLZ 12TH FL · NEW YORK, NY 10004

Other Commissions

$66

THE CHILES GROUP PROFIT SHARING AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE CHILES GROUP PROFIT SHARING AND RETIREMENT 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