Retirement plan

WARD MANUFACTURING, LLC 401(K) PLAN

Name: WARD MANUFACTURING, LLC - WARD MANUFACTURING, LLC 401(K) PLAN (2021) 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 2021

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

Other plans on this EIN

2 filings

#002Retirement-$13.2M assets #001Retirement-$3.4M assets

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$13.5M

+13.5% from 2020

Total participants

402

+1.5% from 2020

Average account balance

$33,580

+11.2% from 2020

Annual return

13.09%

+3.49 pp from 2020

Benchmarks

See 2,347 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,347 peers

Snapshot2021

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 BANK7+ years Service code 15 · EIN 24-0756925 90-92 MAIN STREET · WELLSBORO, PA 16901	Recordkeeping	$36,593

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

$51K

$165 / participant

Other / not subdivided$51K100.0%

% of EOY assets

0.376%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,580

$185,342-81.9%

$111,306-69.8%

$86,821-61.3%

Participation rate

100.0%

81.0%+19.0pp

77.3%+22.7pp

72.3%+27.7pp

Annual return

13.09%

500.80%-487.7pp

54.67%-41.6pp

97.94%-84.8pp

Employer contribution / active EE

$1,571

$2,246-30.0%

$2,732-42.5%

$2,406-34.7%

Participant deferral / active EE

$1,205

$4,458-73.0%

$4,488-73.1%

$4,132-70.8%

Admin fee / account holder

$126

$255-50.6%

$7,966-98.4%

$170-25.6%

Provider

Service type

Compensation

CITIZENS & NORTHERN BANK7+ years

Service code 15 · EIN 24-0756925

90-92 MAIN STREET · WELLSBORO, PA 16901

Recordkeeping

$36,593

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