Retirement plan

WARD MANUFACTURING, LLC 401(K) PLAN

Name: WARD MANUFACTURING LLC - WARD MANUFACTURING, LLC 401(K) PLAN (2018) Form 5500
Creator: WARD MANUFACTURING LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WARD MANUFACTURING, LLC 401(K) PLAN, WARD MANUFACTURING LLC

WARD MANUFACTURING LLCEIN 71-1042639Plan #003PY 2018

117 GULICK STREET - BLOSSBURG, PA 16912570-638-2131ward-mfg.comLinkedIn1-10 employeesmachinery

Other plans on this EIN

2 filings

#002Retirement-$12.6M assets #001Retirement-$2.7M assets

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$10.1M

-8.2% from 2017

Total participants

406

+4.1% from 2017

Average account balance

$25,144

-11.2% from 2017

Annual return

-5.73%

-19.50 pp from 2017

Benchmarks

See 2,409 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,409 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.45M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

403

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.

96.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$955K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+8.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$149

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
CITIZENS & NORTHERN BANK4+ years Service code 15 · EIN 24-0756925	Recordkeeping	$48,680

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$49K

$146 / participant

Other / not subdivided$49K100.0%

% of EOY assets

0.484%

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: BAKER TILLY VIRCHOW KRAUSE LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,144

$65,118-61.4%

$76,767-67.2%

$55,725-54.9%

Participation rate

98.2%

79.6%+18.6pp

77.0%+21.2pp

70.9%+27.3pp

Annual return

-5.73%

-1.27%-4.5pp

2.43%-8.2pp

244.93%-250.7pp

Employer contribution / active EE

$1,260

$1,941-35.1%

$2,485-49.3%

$2,078-39.4%

Participant deferral / active EE

$1,203

$3,688-67.4%

$3,852-68.8%

$3,356-64.1%

Admin fee / account holder

$122

$116+5.0%

$6,675-98.2%

$115+5.7%

Provider

Service type

Compensation

CITIZENS & NORTHERN BANK4+ years

Service code 15 · EIN 24-0756925

Recordkeeping

$48,680

WARD MANUFACTURING, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WARD MANUFACTURING, LLC 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