Retirement plan

WIRE MESH TEXAS 401(K) PLAN

Name: WIRE MESH TEXAS LLC - WIRE MESH TEXAS 401(K) PLAN (2021) Form 5500
Creator: WIRE MESH TEXAS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WIRE MESH TEXAS 401(K) PLAN, WIRE MESH TEXAS LLC

WIRE MESH TEXAS LLCEIN 82-4433499Plan #003PY 2021

25219 KUYKENDAHL ROAD, SUITE 290 - THE WOODLANDS, TX 77375904-751-4301

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$10M

+18.3% from 2020

Total participants

201

+9.2% from 2020

Average account balance

$64,383

+0.8% from 2020

Annual return

12.17%

-5.07 pp from 2020

Benchmarks

See 4,053 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,053 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.62M

Not enough data

1 years with asset history on file

Average account balance

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

$75K

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.

142

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.

73.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.20M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+11.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$232

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 4 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.3 years Filed as: WELLS FARGO ADVISORS, LLC Service code 27 · EIN 34-1542819	Advisory (Plan)	$41,879
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Filed as: MASS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$436
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Service code 26 · EIN 61-1732930	Advisory (Participants)	$85
MY BENEFITS, LLC3 years Service code 13 · EIN 45-2098380	Contract Administrator	$0

Plan features & details

Pension benefit codes2F2G2J2K2T3D3H

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.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$42K

$296 / participant

Investment mgmt$96K228.0%

% of EOY assets

0.424%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PANNELL KERR FORSTER OF TEXAS, P.C.
Auditor EIN: 760356844
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,383

$84,940-24.2%

$111,306-42.2%

$79,389-18.9%

Participation rate

67.8%

75.9%-8.0pp

77.3%-9.5pp

70.7%-2.9pp

Annual return

12.17%

17.45%-5.3pp

54.67%-42.5pp

116.89%-104.7pp

Employer contribution / active EE

$3,706

$1,979+87.2%

$2,732+35.6%

$2,428+52.6%

Participant deferral / active EE

$5,592

$3,889+43.8%

$4,488+24.6%

$4,046+38.2%

Admin fee / account holder

$273

$537-49.2%

$7,966-96.6%

$626-56.4%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.3 years

Filed as: WELLS FARGO ADVISORS, LLC

Service code 27 · EIN 34-1542819

Advisory (Plan)

$41,879

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Filed as: MASS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$436

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Service code 26 · EIN 61-1732930

Advisory (Participants)

$85

MY BENEFITS, LLC3 years

Service code 13 · EIN 45-2098380

Contract Administrator

WIRE MESH TEXAS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WIRE MESH TEXAS 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