Retirement plan

WCM INDUSTRIES, INC. EMPLOYEE SAVINGS AND INVESTMENT PLAN

Name: WCM INDUSTRIES, INC. - WCM INDUSTRIES, INC. EMPLOYEE SAVINGS AND INVESTMENT PLAN (2023) Form 5500
Creator: WCM INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WCM INDUSTRIES, INC. EMPLOYEE SAVINGS AND INVESTMENT PLAN, WCM INDUSTRIES, INC.

WCM INDUSTRIES, INC.EIN 84-1008970Plan #001PY 2023

2121 WAYNOKA RD. - COLORADO SPRINGS, CO 809151602719-572-2650

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$95.2M

+21.6% from 2022

Total participants

279

+6.1% from 2022

Average account balance

$351,335

+13.1% from 2022

Annual return

16.57%

+28.46 pp from 2022

Benchmarks

See 4,139 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,139 peers

Snapshot2023

See peer percentile detail with Solo.

Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.

Start Solo for $4.99 Compare plans

Analytics

Total assets (EOY)

Plan-year ending balance

$123.69M

Not enough data

1 years with asset history on file

Average account balance

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

$458K

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.

270

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.

95.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$35K

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

+13.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$130

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

See the 10-year trajectory with Solo.

Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.

Start Solo for $4.99 Compare plans

Service providers

Top 3 by compensation

Provider	Service type	Compensation
NFP RETIREMENT INC4 years Service code 27 · EIN 33-0905143	Advisory (Plan)	$56,710
LINCOLN NATIONAL CORPORATION3 years Service code 13 · EIN 35-1140070	Contract Administrator	$27,256
LEWIS ROCA ROTHGERBER CHRISTIE2 years Filed as: ROTHGERBER CHRISTIE LLP Service code 27 · EIN 86-0095078	Advisory (Plan)	$13,823

Plan features & details

Pension benefit codes2E2F2G2J2T3D2R3H2A

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$98K

$499 / participant

Investment mgmt$71K72.1%
Contract admin$27K27.9%

% of EOY assets

0.103%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BIGGSKOFFORD, P.C.
Auditor EIN: 840884124
Audit fees: (not subdivided)
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$351,335

$76,050+362.0%

$96,544+263.9%

$71,457+391.7%

Participation rate

95.9%

74.4%+21.5pp

76.0%+20.0pp

67.9%+28.0pp

Annual return

16.57%

22.81%-6.2pp

25.84%-9.3pp

28.85%-12.3pp

Employer contribution / active EE

$27,987

$2,244+1147.1%

$2,965+843.9%

$2,588+981.6%

Participant deferral / active EE

$5,226

$4,215+24.0%

$4,851+7.7%

$4,289+21.8%

Admin fee / account holder

$361

$2,707-86.7%

$8,252-95.6%

$1,587-77.3%

Provider

Service type

Compensation

NFP RETIREMENT INC4 years

Service code 27 · EIN 33-0905143

Advisory (Plan)

$56,710

LINCOLN NATIONAL CORPORATION3 years

Service code 13 · EIN 35-1140070

Contract Administrator

$27,256

LEWIS ROCA ROTHGERBER CHRISTIE2 years

Filed as: ROTHGERBER CHRISTIE LLP

Service code 27 · EIN 86-0095078

Advisory (Plan)

$13,823

WCM INDUSTRIES, INC. EMPLOYEE SAVINGS AND INVESTMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WCM INDUSTRIES, INC. EMPLOYEE SAVINGS AND INVESTMENT 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