Retirement plan

WILLITTS EQUIPMENT CO., INC. CASH BALANCE PENSION PLAN AND TRUST

Name: WILLITTS EQUIPMENT CO., INC. - WILLITTS EQUIPMENT CO., INC. CASH BALANCE PENSION PLAN AND TRUST (2022) Form 5500
Creator: WILLITTS EQUIPMENT CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WILLITTS EQUIPMENT CO., INC. CASH BALANCE PENSION PLAN AND TRUST, WILLITTS EQUIPMENT CO., INC.

WILLITTS EQUIPMENT CO., INC.EIN 77-0313221Plan #002PY 2022

30548 ROAD 196 - EXETER, CA 93221559-594-5020LinkedIn11-50 employees

Other plans on this EIN

1 filing

#001Retirement-$3.0M assets

Prospect flagsLow employer contributionLow fidelity bond

How to read this page

Total assets (EOY)

$3.8M

-6.1% from 2021

Total participants

-2.6% from 2021

Average account balance

No prior year

Annual return

-8.52%

-23.82 pp from 2021

Benchmarks

See 258 peers

Peer group

Industry23 - Construction

Plan typeDefined benefit

Participants25-99

Cohort258 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.84M

Not enough data

1 years with asset history on file

Average account balance

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

$82K

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.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$500K

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

+1.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes1A1C3D

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$6K

$154 / participant

Other / not subdivided$6K100.0%

% of EOY assets

0.146%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,148-100.0%

$164,721-100.0%

$107,032-100.0%

Participation rate

0.0%

16.7%-16.7pp

21.0%-21.0pp

9.9%-9.9pp

Annual return

-8.52%

-4.92%-3.6pp

-5.85%-2.7pp

-5.25%-3.3pp

Employer contribution / active EE

$2,889

$10,994-73.7%

$31,839-90.9%

$15,161-80.9%

Participant deferral / active EE

$2-100.0%

$120-100.0%

Admin fee / account holder

$436-100.0%

$1,000-100.0%

$3,859-100.0%

WILLITTS EQUIPMENT CO., INC. CASH BALANCE PENSION PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WILLITTS EQUIPMENT CO., INC. CASH BALANCE PENSION PLAN AND TRUST

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