Retirement plan

WALTERS CORPORATION 401(K) PLAN

Name: WALTERS CORPORATION 401(K) PLAN - WALTERS CORPORATION 401(K) PLAN (2019) Form 5500
Creator: WALTERS CORPORATION 401(K) PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WALTERS CORPORATION 401(K) PLAN, WALTERS CORPORATION 401(K) PLAN

WALTERS CORPORATION 401(K) PLANEIN 61-0945677Plan #001PY 2019

302 SOUTH MAYO TRAIL - PIKEVILLE, KY 415011522606-437-9641brucewaltersford.comLinkedIn11-50 employeesautomotive

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$7M

+21.8% from 2018

Total participants

261

+1.6% from 2018

Average account balance

$45,971

+19.4% from 2018

Annual return

19.02%

+26.68 pp from 2018

Benchmarks

See 2,278 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,278 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.22M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

173

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$646K

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

+8.46%

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 2 by compensation

Provider	Service type	Compensation
NATIONWIDE4 years Filed as: NATIONWIDE INSURANCE Service code 15 · EIN 31-4156830	Recordkeeping	$37,297
JOHN HANCOCK LIFE INSURANCE COMPANY5+ years Filed as: JOHN THOMAS CLARK Service code 27 P.O. BOX 469 · BELFRY, KY 41514	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D2T

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.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$850

$4 / participant

Contract admin$850100.0%

% of EOY assets

0.012%

all-in expense ratio

Categories reported

1 / 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: DEAN DORTON
Auditor EIN: 273858252
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,971

$49,138-6.4%

$84,020-45.3%

$65,185-29.5%

Participation rate

51.6%

60.7%-9.2pp

69.0%-17.5pp

70.2%-18.6pp

Annual return

19.02%

23.00%-4.0pp

71.31%-52.3pp

29.38%-10.4pp

Employer contribution / active EE

$558

$914-38.9%

$1,984-71.9%

$2,177-74.4%

Participant deferral / active EE

$1,703

$2,397-28.9%

$3,239-47.4%

$3,514-51.5%

Admin fee / account holder

$543-99.0%

$6,101-99.9%

$847-99.3%

Provider

Service type

Compensation

NATIONWIDE4 years

Filed as: NATIONWIDE INSURANCE

Service code 15 · EIN 31-4156830

Recordkeeping

$37,297

JOHN HANCOCK LIFE INSURANCE COMPANY5+ years

Filed as: JOHN THOMAS CLARK

Service code 27

P.O. BOX 469 · BELFRY, KY 41514

Advisory (Plan)

WALTERS CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WALTERS CORPORATION 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