Retirement plan

WHEELER ELECTRIC, INC. CASH DEFERRED PROFIT SHARING PLAN

Name: WHEELER ELECTRIC, INC. - WHEELER ELECTRIC, INC. CASH DEFERRED PROFIT SHARING PLAN (2017) Form 5500
Creator: WHEELER ELECTRIC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WHEELER ELECTRIC, INC. CASH DEFERRED PROFIT SHARING PLAN, WHEELER ELECTRIC, INC.

WHEELER ELECTRIC, INC.EIN 82-0310713Plan #001PY 2017

P.O. BOX 2173 - IDAHO FALLS, ID 83403208-522-1906wheelerelectric.comLinkedIn51-200 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement-$839K assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$5.1M

+13.7% from 2016

Total participants

+3.2% from 2016

Average account balance

$52,654

+11.3% from 2016

Annual return

7.67%

+11.93 pp from 2016

Benchmarks

See 14,318 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort14,318 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.82M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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

1 years with headcount on file

Eligible Participants and Participation

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

149.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$461K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+4.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17260

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 codes2E2F2G2J2R2T3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$44K

$604 / participant

Other / not subdivided$44K100.0%

% of EOY assets

0.873%

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

$52,654

$63,346-16.9%

$92,239-42.9%

$70,124-24.9%

Participation rate

97.3%

68.7%+28.6pp

76.5%+20.8pp

69.5%+27.7pp

Annual return

7.67%

530.19%-522.5pp

176.29%-168.6pp

73.14%-65.5pp

Employer contribution / active EE

$1,036

$2,471-58.1%

$3,680-71.9%

$2,342-55.8%

Participant deferral / active EE

$2,967

$2,854+4.0%

$3,897-23.9%

$3,332-11.0%

Admin fee / account holder

$460

$3,841-88.0%

$5,194-91.2%

$4,645-90.1%

WHEELER ELECTRIC, INC. CASH DEFERRED PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WHEELER ELECTRIC, INC. CASH DEFERRED PROFIT SHARING 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