Retirement plan

WEG ELECTRIC CORP. 401(K) RETIREMENT PLAN

Name: WEG ELECTRIC CORP. - WEG ELECTRIC CORP. 401(K) RETIREMENT PLAN (2017) Form 5500
Creator: WEG ELECTRIC CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WEG ELECTRIC CORP. 401(K) RETIREMENT PLAN, WEG ELECTRIC CORP.

WEG ELECTRIC CORP.EIN 65-0280210Plan #002PY 2017

6655 SUGARLOAF PARKWAY, SUITE 490 - DULUTH, GA 300974907678-249-2055

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$25.9M

+22.1% from 2016

Total participants

423

+3.4% from 2016

Average account balance

$64,290

+6.0% from 2016

Annual return

21.66%

+10.96 pp from 2016

Benchmarks

See 1,232 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,232 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$109.65M

Not enough data

1 years with asset history on file

Average account balance

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

$83K

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.

1,323

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.

94.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.31M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+59.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$140

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
SECURITIES AMERICA INC1 year Filed as: BB&T SECURITIES LLC Service code 27 · EIN 20-5817590	Advisory (Plan)	$26,576
INDEPENDENT FINANCIAL GROUP LLC1 year Service code 27 · EIN 71-0927304	Advisory (Plan)	$15,738
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290	Contract Administrator	$7,421
WILSHIRE ASSOCIATES INCORPORATED3+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3F3H

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.
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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$7K

$22 / participant

Contract admin$7K100.0%

% of EOY assets

0.029%

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: MOORE COLSON
Auditor EIN: 581653941
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,290

$71,666-10.3%

$117,861-45.5%

$69,631-7.7%

Participation rate

94.2%

77.5%+16.7pp

79.7%+14.5pp

70.7%+23.5pp

Annual return

21.66%

18.86%+2.8pp

335.11%-313.4pp

27571.02%-27549.4pp

Employer contribution / active EE

$1,942

$1,889+2.8%

$3,786-48.7%

$2,032-4.5%

Participant deferral / active EE

$5,674

$3,340+69.9%

$4,482+26.6%

$3,224+76.0%

Admin fee / account holder

$18

$120-84.7%

$8,021-99.8%

$110-83.3%

Provider

Service type

Compensation

SECURITIES AMERICA INC1 year

Filed as: BB&T SECURITIES LLC

Service code 27 · EIN 20-5817590

Advisory (Plan)

$26,576

INDEPENDENT FINANCIAL GROUP LLC1 year

Service code 27 · EIN 71-0927304

Advisory (Plan)

$15,738

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$7,421

WILSHIRE ASSOCIATES INCORPORATED3+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

WEG ELECTRIC CORP. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WEG ELECTRIC CORP. 401(K) 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