Retirement plan

WILLOWWOOD GLOBAL, LLC PROFIT SHARING PLAN

Name: WILLOWWOOD GLOBAL, LLC - WILLOWWOOD GLOBAL, LLC PROFIT SHARING PLAN (2023) Form 5500
Creator: WILLOWWOOD GLOBAL, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WILLOWWOOD GLOBAL, LLC PROFIT SHARING PLAN, WILLOWWOOD GLOBAL, LLC

WILLOWWOOD GLOBAL, LLCEIN 83-4525073Plan #002PY 2023

15441 SCIOTO DARBY ROAD - MT. STERLING, OH 43143740-869-3377

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$19.5M

+16.9% from 2022

Total participants

248

-5.0% from 2022

Average account balance

$78,889

+20.7% from 2022

Annual return

18.47%

+34.10 pp from 2022

Benchmarks

See 4,137 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,137 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.16M

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

240

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.

99.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.68M

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

+14.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$267

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
LPL FINANCIAL1 year Service code 27 · EIN 95-2834236	Advisory (Plan)	$34,333
JOHN HANCOCK LIFE INSURANCE COMPANY3+ years Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346	Recordkeeping	$21,913
GLOBAL RETIREMENT PARTNERS LLC3+ years Filed as: GLOBAL RETIREMENT PARTNERS, LLC Service code 27 · EIN 47-1411118	Advisory (Plan)	$5,384

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

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

$56K

$325 / participant

Investment mgmt$34K61.0%
Contract admin$22K39.0%

% of EOY assets

0.289%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$78,889

$76,112+3.6%

$96,544-18.3%

$71,529+10.3%

Participation rate

99.4%

74.4%+25.0pp

76.0%+23.4pp

67.9%+31.5pp

Annual return

18.47%

22.80%-4.3pp

25.88%-7.4pp

28.97%-10.5pp

Employer contribution / active EE

$2,514

$2,248+11.8%

$2,966-15.2%

$2,590-2.9%

Participant deferral / active EE

$5,680

$4,217+34.7%

$4,851+17.1%

$4,291+32.4%

Admin fee / account holder

$228

$2,708-91.6%

$8,254-97.2%

$1,588-85.7%

Provider

Service type

Compensation

LPL FINANCIAL1 year

Service code 27 · EIN 95-2834236

Advisory (Plan)

$34,333

JOHN HANCOCK LIFE INSURANCE COMPANY3+ years

Filed as: JOHN HANCOCK

Service code 15 · EIN 01-0233346

Recordkeeping

$21,913

GLOBAL RETIREMENT PARTNERS LLC3+ years

Filed as: GLOBAL RETIREMENT PARTNERS, LLC

Service code 27 · EIN 47-1411118

Advisory (Plan)

$5,384

WILLOWWOOD GLOBAL, LLC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WILLOWWOOD GLOBAL, LLC 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