Retirement plan

WANXIANG AMERICA CORPORATION EMPLOYEES 401K

Name: WANXIANG AMERICA CORP - WANXIANG AMERICA CORPORATION EMPLOYEES 401K (2017) Form 5500
Creator: WANXIANG AMERICA CORP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WANXIANG AMERICA CORPORATION EMPLOYEES 401K, WANXIANG AMERICA CORP

WANXIANG AMERICA CORPEIN 61-1247430Plan #001PY 2017

88 AIRPORT RD. - ELGIN, IL 60123847-622-8838wanxiang.comLinkedIn1-10 employeespublic policy

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$7.4M

+28.4% from 2016

Total participants

+5.1% from 2016

Average account balance

$148,576

+20.7% from 2016

Annual return

20.13%

+11.79 pp from 2016

Benchmarks

See 14,969 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,969 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.72M

Not enough data

1 years with asset history on file

Average account balance

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

$265K

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.

78.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$503K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+21.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6514

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 codes2F2G2J2T3D2E

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$31K

$547 / participant

Other / not subdivided$31K100.0%

% of EOY assets

0.412%

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

$148,576

$67,606+119.8%

$82,313+80.5%

$70,124+111.9%

Participation rate

78.6%

72.8%+5.8pp

76.9%+1.7pp

69.5%+9.0pp

Annual return

20.13%

21.57%-1.4pp

25.88%-5.7pp

73.14%-53.0pp

Employer contribution / active EE

$1,912

$1,755+8.9%

$2,428-21.3%

$2,342-18.4%

Participant deferral / active EE

$7,198

$2,987+141.0%

$3,706+94.2%

$3,332+116.1%

Admin fee / account holder

$612

$4,512-86.4%

$5,608-89.1%

$4,645-86.8%

WANXIANG AMERICA CORPORATION EMPLOYEES 401K

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WANXIANG AMERICA CORPORATION EMPLOYEES 401K

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