Retirement plan

WOOD 401(K) PLAN

Name: WOOD GROUP U.S. HOLDINGS, INC. - WOOD 401(K) PLAN (2024) Form 5500
Creator: WOOD GROUP U.S. HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WOOD 401(K) PLAN, WOOD GROUP U.S. HOLDINGS, INC.

WOOD GROUP U.S. HOLDINGS, INC.EIN 76-0688757Plan #001PY 2024

17325 PARK ROW SUITE 500 - HOUSTON, TX 77084281-828-3540

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$2112M

-11.5% from 2017

Total participants

14,256

-9.7% from 2017

Average account balance

$184,455

-13.0% from 2017

Annual return

11.37%

-11.97 pp from 2017

Benchmarks

See 128 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants5,000-9,999

Cohort128 peers

Snapshot2024

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

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

Service providers

Top 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 26 · EIN 84-1532243	Advisory (Participants)	$521,137
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 15 · EIN 84-0467907	Recordkeeping	$517,803
NFP RETIREMENT INC4 years Service code 27 120 VANTIS STE 400 · ALISO VIEJO, CA 926562689	Advisory (Plan)	$74,990
WHITTLESEY PC8 years Filed as: WHITTLESEY & HADLEY PC Service code 10 2800 TRUMBULL STREET · HARTFORD, CT 06103	Accounting	$45,000
HAYNES AND BOONE, LLP9+ years Service code 29 P.O. BOX 841399 · DALLAS, TX 75284	Legal	$20,733
CHARLES SCHWAB & CO., INC.9+ years Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D3H

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.2M

$181 / participant

Recordkeeping$518K43.8%
Investment mgmt$596K50.4%
Legal$21K1.8%
Other / not subdivided$48K4.1%

% of EOY assets

0.056%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WHITTLESEY
Auditor EIN: 060903326
Audit fees: $45,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$184,455

$159,391+15.7%

$102,460+80.0%

$99,313+85.7%

Participation rate

57.1%

88.6%-31.5pp

76.5%-19.4pp

71.7%-14.6pp

Annual return

11.37%

19.03%-7.7pp

29.47%-18.1pp

17.67%-6.3pp

Employer contribution / active EE

$3,739

$4,207-11.1%

$3,025+23.6%

$3,264+14.5%

Participant deferral / active EE

$6,840

$7,498-8.8%

$5,056+35.3%

$5,346+28.0%

Admin fee / account holder

$103

$159-35.1%

$9,460-98.9%

$109-5.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 26 · EIN 84-1532243

Advisory (Participants)

$521,137

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 15 · EIN 84-0467907

Recordkeeping

$517,803

NFP RETIREMENT INC4 years

Service code 27

120 VANTIS STE 400 · ALISO VIEJO, CA 926562689

Advisory (Plan)

$74,990

WHITTLESEY PC8 years

Filed as: WHITTLESEY & HADLEY PC

Service code 10

2800 TRUMBULL STREET · HARTFORD, CT 06103

Accounting

$45,000

HAYNES AND BOONE, LLP9+ years

Service code 29

P.O. BOX 841399 · DALLAS, TX 75284

Legal

$20,733

CHARLES SCHWAB & CO., INC.9+ years

Service code 59

Shareholder Servicing

WOOD 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WOOD 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