Retirement plan

TARGET CW 401(K) PLAN

Name: WMBE PAYROLLING INC. - TARGET CW 401(K) PLAN (2018) Form 5500
Creator: WMBE PAYROLLING INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TARGET CW 401(K) PLAN, WMBE PAYROLLING INC.

WMBE PAYROLLING INC.EIN 80-0424690Plan #001PY 2018

9475 CHESAPEAKE DRIVE - SAN DIEGO, CA 92123858-810-3000LinkedIn1-10 employees

Other plans on this EIN

1 filing

#002Retirement-$1.4M assets

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$6.3M

+16.0% from 2017

Total participants

3,922

+54.9% from 2017

Average account balance

$15,394

-4.1% from 2017

Annual return

-6.08%

-29.08 pp from 2017

Benchmarks

See 286 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort286 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.93M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

1,094

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.

14.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.93M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+23.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$174

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 3 by compensation

Provider	Service type	Compensation
SEASIDE ADVISORY SERVICES, INC.4+ years Service code 26 · EIN 33-0915734 209 NORTH DITMAR · OCEANSIDE, CA 92054	Advisory (Participants)	$45,915
INNOVATIVE PENSION4+ years Filed as: INNOVATIVE PENSION STRATEGY & DESIG Service code 12 · EIN 33-0166640 1412975 BROOKPRINTER PLACE, SUITE 2 · POWAY, CA 92064	Direct payment from the plan; Claims ...	$16,887
NATIONWIDE4+ years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUBMUS, OH 43215	Recordkeeping	$2,460

Plan features & details

Pension benefit codes2F2G2J2T3D2R

Plan features

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.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$56K

$15 / participant

Other / not subdivided$56K100.0%

% of EOY assets

0.885%

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: LAVINE, LOFGREN, MORRIS & ENGELBERG
Auditor EIN: 330690020
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,394

$34,242-55.0%

$76,518-79.9%

$75,289-79.6%

Participation rate

6.6%

43.9%-37.3pp

68.0%-61.4pp

72.4%-65.9pp

Annual return

-6.08%

-0.98%-5.1pp

-0.27%-5.8pp

-0.04%-6.0pp

Employer contribution / active EE

$975-100.0%

$2,647-100.0%

$2,405-100.0%

Participant deferral / active EE

$692

$1,872-63.1%

$3,836-82.0%

$3,739-81.5%

Admin fee / account holder

$136

$112+21.7%

$4,849-97.2%

$102+33.1%

Provider

Service type

Compensation

SEASIDE ADVISORY SERVICES, INC.4+ years

Service code 26 · EIN 33-0915734

209 NORTH DITMAR · OCEANSIDE, CA 92054

Advisory (Participants)

$45,915

INNOVATIVE PENSION4+ years

Filed as: INNOVATIVE PENSION STRATEGY & DESIG

Service code 12 · EIN 33-0166640

1412975 BROOKPRINTER PLACE, SUITE 2 · POWAY, CA 92064

Direct payment from the plan; Claims ...

$16,887

NATIONWIDE4+ years

Service code 15 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUBMUS, OH 43215

Recordkeeping

$2,460

TARGET CW 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TARGET CW 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