Retirement plan

WARDS PLUMBING & HEATING 401(K) RETIREMENT PLAN

Name: WARD'S MECHANICAL, INC. D/B/A WARDS PLUMBING & HEATING - WARDS PLUMBING & HEATING 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: WARD'S MECHANICAL, INC. D/B/A WARDS PLUMBING & HEATING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WARDS PLUMBING & HEATING 401(K) RETIREMENT PLAN, WARD'S MECHANICAL, INC. D/B/A WARDS PLUMBING & HEATING

WARD'S MECHANICAL, INC. D/B/A WARDS PLUMBING & HEATINGEIN 82-2686140Plan #001PY 2024

438-1 MAD RIVER PARK - WAITSFIELD, VT 05673802-496-6022

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$406K

+6.5% from 2023

Total participants

+44.4% from 2023

Average account balance

$31,248

-26.2% from 2023

Annual return

11.36%

-7.95 pp from 2023

Benchmarks

See 54,852 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort54,852 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$566K

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

108.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$113K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+20.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3048

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 codes2E2G2J3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$104K

$9447 / participant

Other / not subdivided$104K100.0%

% of EOY assets

25.582%

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

$31,248

$110,337-71.7%

$102,383-69.5%

$145,877-78.6%

Participation rate

100.0%

77.9%+22.1pp

74.5%+25.5pp

80.3%+19.7pp

Annual return

11.36%

24.83%-13.5pp

24.94%-13.6pp

551.28%-539.9pp

Employer contribution / active EE

$2,071

$4,216-50.9%

$3,870-46.5%

$4,663-55.6%

Participant deferral / active EE

$5,378

$5,621-4.3%

$5,060+6.3%

$6,691-19.6%

Admin fee / account holder

$7,994

$9,750-18.0%

$8,391-4.7%

$13,402-40.4%

WARDS PLUMBING & HEATING 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WARDS PLUMBING & HEATING 401(K) RETIREMENT 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