Retirement plan

WORKFORCE BUSINESS SERVICES, INC.'S 401(K) PROFIT SHARING PLAN

Name: WORKFORCE BUSINESS SERVICES, INC.'S - WORKFORCE BUSINESS SERVICES, INC.'S 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: WORKFORCE BUSINESS SERVICES, INC.'S
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WORKFORCE BUSINESS SERVICES, INC.'S 401(K) PROFIT SHARING PLAN, WORKFORCE BUSINESS SERVICES, INC.'S

WORKFORCE BUSINESS SERVICES, INC.'SEIN 65-0847999Plan #333PY 2015

1401 MANATEE AVE W STE 600 - BRADENTON, FL 34205941-746-6567gowbs.comLinkedIn1-10 employeesinsurance

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.8M

No prior year

Total participants

211

No prior year

Average account balance

$27,307

No prior year

Annual return

4.16%

No prior year

Benchmarks

See 4,662 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort4,662 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$37.36M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

789

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.

54.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.54M

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

+20.82%

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 1 by compensation

Provider	Service type	Compensation
MUTUAL OF AMERICA INVESTMENT CORP1+ years Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO Service code 12 320 PARK AVENUE · NEW YORK, NY 10022	Participant loan processing; Recordke...	$3,022

Plan features & details

Pension benefit codes2E2F2G2J2T

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.

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$932

$6 / participant

Other / not subdivided$932100.0%

% of EOY assets

0.016%

all-in expense ratio

Categories reported

0 / 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: GREGORY, SHARER & STUART, P.A.
Auditor EIN: 591850025
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,307

$70,002-61.0%

$115,038-76.3%

$52,331-47.8%

Participation rate

100.0%

72.1%+27.9pp

81.4%+18.6pp

68.1%+31.9pp

Annual return

4.16%

4.04%+0.1pp

26.14%-22.0pp

4.54%-0.4pp

Employer contribution / active EE

$809

$2,715-70.2%

$4,608-82.4%

$1,882-57.0%

Participant deferral / active EE

$3,573

$4,920-27.4%

$6,026-40.7%

$3,022+18.2%

Admin fee / account holder

$566-99.2%

$8,175-99.9%

$592-99.3%

Provider

Service type

Compensation

MUTUAL OF AMERICA INVESTMENT CORP1+ years

Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO

Service code 12

320 PARK AVENUE · NEW YORK, NY 10022

Participant loan processing; Recordke...

$3,022

WORKFORCE BUSINESS SERVICES, INC.'S 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WORKFORCE BUSINESS SERVICES, INC.'S 401(K) PROFIT SHARING 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