Retirement plan

WTG CORPORATE SERVICES, LLC AND AFFILIATED COMPANIES 401(K) PLAN

Name: WTG CORPORATE SERVICES, LLC - WTG CORPORATE SERVICES, LLC AND AFFILIATED COMPANIES 401(K) PLAN (2024) Form 5500
Creator: WTG CORPORATE SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WTG CORPORATE SERVICES, LLC AND AFFILIATED COMPANIES 401(K) PLAN, WTG CORPORATE SERVICES, LLC

WTG CORPORATE SERVICES, LLCEIN 85-4142506Plan #001PY 2024

PO BOX 51670 - MIDLAND, TX 79710432-682-6311

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$19.1M

-1.5% from 2023

Total participants

401

+7.8% from 2023

Average account balance

$57,108

-9.8% from 2023

Annual return

10.99%

-1.27 pp from 2023

Benchmarks

See 210 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants100-249

Cohort210 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.13M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

335

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.

71.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.61M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+10.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$211

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
GALLAGHER FIDUCIARY ADVISORS, LLC2 years Filed as: GALLAGHER BENEFITS SEERVICES Service code 27 1100 SUPERIOR AVE, STE 1700 · CLEVELAND, OH 44114	Advisory (Plan)	$34,748
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$28,702
ACTUARIES & ASSOCIATES3+ years Service code 13 701 S. TYLER · AMARILLO, TX 79101	Contract Administrator	$19,918
GALLAGHER FIDUCIARY ADVISORS, LLC3+ years Filed as: GALLAGHER BENEFIT SERVICES Service code 27 1100 SUPERIOR AVE. SUITE 1700 · CLEVELAND, OH 44114	Advisory (Plan)	$0

Plan features & details

Pension benefit codes3D2K2J2E2G

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.
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.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$71K

$301 / participant

Investment mgmt$71K100.0%

% of EOY assets

0.369%

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: WHITLEY PENN
Auditor EIN: 752393478
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,108

$113,016-49.5%

$103,447-44.8%

$74,429-23.3%

Participation rate

71.9%

80.8%-8.9pp

80.5%-8.6pp

67.2%+4.7pp

Annual return

10.99%

23.24%-12.3pp

23.92%-12.9pp

1368.38%-1357.4pp

Employer contribution / active EE

$2,769

$4,881-43.3%

$4,678-40.8%

$2,625+5.5%

Participant deferral / active EE

$4,099

$7,279-43.7%

$6,624-38.1%

$4,348-5.7%

Admin fee / account holder

$211

$1,709-87.7%

$9,415-97.8%

$1,944-89.2%

Provider

Service type

Compensation

GALLAGHER FIDUCIARY ADVISORS, LLC2 years

Filed as: GALLAGHER BENEFITS SEERVICES

Service code 27

1100 SUPERIOR AVE, STE 1700 · CLEVELAND, OH 44114

Advisory (Plan)

$34,748

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE CO

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$28,702

ACTUARIES & ASSOCIATES3+ years

Service code 13

701 S. TYLER · AMARILLO, TX 79101

Contract Administrator

$19,918

GALLAGHER FIDUCIARY ADVISORS, LLC3+ years

Filed as: GALLAGHER BENEFIT SERVICES

Service code 27

1100 SUPERIOR AVE. SUITE 1700 · CLEVELAND, OH 44114

Advisory (Plan)

WTG CORPORATE SERVICES, LLC AND AFFILIATED COMPANIES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WTG CORPORATE SERVICES, LLC AND AFFILIATED COMPANIES 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