Retirement plan

WELDON, WILLIAMS & LICK, INC. 401(K) PLAN

Name: WELDON, WILLIAMS & LICK, INC. - WELDON, WILLIAMS & LICK, INC. 401(K) PLAN (2018) Form 5500
Creator: WELDON, WILLIAMS & LICK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WELDON, WILLIAMS & LICK, INC. 401(K) PLAN, WELDON, WILLIAMS & LICK, INC.

WELDON, WILLIAMS & LICK, INC.EIN 71-0188290Plan #002PY 2018

711 NORTH A STREET - FORT SMITH, AR 729012121479-784-2109wwlinc.comLinkedIn51-200 employeesprinting

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$46.8M

-7.8% from 2017

Total participants

279

+3.0% from 2017

Average account balance

$167,596

-10.5% from 2017

Annual return

-4.80%

-20.32 pp from 2017

Benchmarks

See 1,154 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,154 peers

Snapshot2018

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Analytics

Total assets (EOY)

Plan-year ending balance

$27.24M

Not enough data

1 years with asset history on file

Average account balance

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

$183K

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.

149

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.

83.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$470

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH2 years Filed as: MERRILL LYNCH CONSULTING SERVICE Service code 27 · EIN 13-2740599	Advisory (Plan)	$56,250
ADP BROKER-DEALER1 year Filed as: PENSION CONSULTANTS, INC. Service code 27 300 SOUTH CAMPBELL AVENUE · SPRINGFIELD, MO 65806	Advisory (Plan)	$26,875
CPI QUALIFIED PLAN CONSULTANTS, INC4+ years Service code 12 · EIN 48-1205033	Float revenue; Claims processing; Sub...	$21,045
LAWRENCE, SCHLUTERMAN & SCHWARTZ4+ years Service code 10 · EIN 71-0669792	Accounting	$7,565

Plan features & details

Pension benefit codes2A2E2F2G2J2K3D2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

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

$112K

$428 / participant

Investment mgmt$56K50.3%
Contract admin$21K18.8%
Other / not subdivided$34K30.8%

% of EOY assets

0.239%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: LAWRENCE, SCHLUTERMAN & SCHWARTZ
Auditor EIN: 710669792
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$167,596

$65,223+157.0%

$80,019+109.4%

$55,725+200.8%

Participation rate

100.0%

80.6%+19.4pp

75.8%+24.2pp

70.9%+29.1pp

Annual return

-4.80%

7.59%-12.4pp

11.22%-16.0pp

244.93%-249.7pp

Employer contribution / active EE

$4,503

$2,544+77.0%

$2,468+82.5%

$2,078+116.7%

Participant deferral / active EE

$4,246

$3,881+9.4%

$3,686+15.2%

$3,356+26.5%

Admin fee / account holder

$400

$114+250.7%

$6,521-93.9%

$115+247.7%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH2 years

Filed as: MERRILL LYNCH CONSULTING SERVICE

Service code 27 · EIN 13-2740599

Advisory (Plan)

$56,250

ADP BROKER-DEALER1 year

Filed as: PENSION CONSULTANTS, INC.

Service code 27

300 SOUTH CAMPBELL AVENUE · SPRINGFIELD, MO 65806

Advisory (Plan)

$26,875

CPI QUALIFIED PLAN CONSULTANTS, INC4+ years

Service code 12 · EIN 48-1205033

Float revenue; Claims processing; Sub...

$21,045

LAWRENCE, SCHLUTERMAN & SCHWARTZ4+ years

Service code 10 · EIN 71-0669792

Accounting

$7,565

WELDON, WILLIAMS & LICK, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WELDON, WILLIAMS & LICK, INC. 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