Retirement plan

WOOD GROUP 401(K) PLAN

Name: WOOD GROUP U.S. HOLDINGS, INC. - WOOD GROUP 401(K) PLAN (2018) Form 5500
Creator: WOOD GROUP U.S. HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WOOD GROUP 401(K) PLAN, WOOD GROUP U.S. HOLDINGS, INC.

WOOD GROUP U.S. HOLDINGS, INC.EIN 76-0688757Plan #001PY 2018

17325 PARK ROW, SUITE 500 - HOUSTON, TX 77084713-350-7689

Prospect flagsLow participationHigh assets / participantLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$2067.4M

-11.5% from 2017

Total participants

16,758

-9.7% from 2017

Average account balance

$257,270

-13.0% from 2017

Annual return

117.43%

-11.97 pp from 2017

Benchmarks

See 87 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants>=10,000

Cohort87 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.11B

Not enough data

1 years with asset history on file

Average account balance

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

$184K

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.

11,450

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.

57.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$69.20M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+11.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$103

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 7 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT-WEST LIFE & ANNUITY INS CO Service code 15 · EIN 84-0467907	Recordkeeping	$548,501
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: PUTNAM INVESTOR SERVICES, INC. Service code 64 ONE POST OFFICE SQUARE · BOSTON, MA 02109	Recordkeeping Fees	$548,501
NFP RETIREMENT INC3+ years Filed as: NFP RETIREMENT INC DBA 401K ADVISOR Service code 27 120 VANTIS STE 400 · ALISO VIEJO, CA 926562689	Advisory (Plan)	$100,000
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO ., INC Service code 59 · EIN 94-1737782	Shareholder Servicing	$39,210
WILLIS TOWERS WATSON US LLC1 year Filed as: TOWERS WATSON DELAWARE INC Service code 99 LOCKBOX 28025 28025 NETWORK PL · CHICAGO, IL 606731280	Other Fees	$30,000
WHITTLESEY PC2 years Filed as: WHITTLESEY & HADLEY PC Service code 10 2800 TRUMBULL STREET · HARTFORD, CT 06103	Accounting	$29,500
CHARLES SCHWAB & CO., INC.3+ years Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D3H2S

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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$713K

$52 / participant

Investment mgmt$130K18.2%
Other / not subdivided$583K81.8%

% of EOY assets

0.034%

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: WHITTLESEY PC
Auditor EIN: 060903326
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$257,270

$127,796+101.3%

$76,768+235.1%

$73,367+250.7%

Participation rate

36.0%

88.2%-52.1pp

77.0%-40.9pp

69.5%-33.4pp

Annual return

117.43%

-2.31%+119.7pp

2.43%+115.0pp

173.45%-56.0pp

Employer contribution / active EE

$1,875

$3,931-52.3%

$2,485-24.5%

$2,499-24.9%

Participant deferral / active EE

$3,230

$6,924-53.3%

$3,852-16.1%

$4,033-19.9%

Admin fee / account holder

$89

$66+33.6%

$6,676-98.7%

$68+29.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT-WEST LIFE & ANNUITY INS CO

Service code 15 · EIN 84-0467907

Recordkeeping

$548,501

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: PUTNAM INVESTOR SERVICES, INC.

Service code 64

ONE POST OFFICE SQUARE · BOSTON, MA 02109

Recordkeeping Fees

$548,501

NFP RETIREMENT INC3+ years

Filed as: NFP RETIREMENT INC DBA 401K ADVISOR

Service code 27

120 VANTIS STE 400 · ALISO VIEJO, CA 926562689

Advisory (Plan)

$100,000

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO ., INC

Service code 59 · EIN 94-1737782

Shareholder Servicing

$39,210

WILLIS TOWERS WATSON US LLC1 year

Filed as: TOWERS WATSON DELAWARE INC

Service code 99

LOCKBOX 28025 28025 NETWORK PL · CHICAGO, IL 606731280

Other Fees

$30,000

WHITTLESEY PC2 years

Filed as: WHITTLESEY & HADLEY PC

Service code 10

2800 TRUMBULL STREET · HARTFORD, CT 06103

Accounting

$29,500

CHARLES SCHWAB & CO., INC.3+ years

Service code 59

Shareholder Servicing

WOOD GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WOOD GROUP 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