Retirement plan

ARIZONA WATER COMPANY RETIREMENT AND SAVINGS PLAN

Name: ARIZONA WATER COMPANY - ARIZONA WATER COMPANY RETIREMENT AND SAVINGS PLAN (2019) Form 5500
Creator: ARIZONA WATER COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ARIZONA WATER COMPANY RETIREMENT AND SAVINGS PLAN, ARIZONA WATER COMPANY

ARIZONA WATER COMPANYEIN 86-0119837Plan #002PY 2019

PO BOX 29006 - PHOENIX, AZ 850389006602-240-6860azwater.comLinkedIn11-50 employeesutilities

Prospect flagsLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$37.1M

+14.8% from 2018

Total participants

248

-0.4% from 2018

Average account balance

$149,540

+8.3% from 2018

Annual return

22.68%

+25.23 pp from 2018

Benchmarks

See 167 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants100-249

Cohort167 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$49.90M

Not enough data

1 years with asset history on file

Average account balance

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

$152K

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.

329

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.

95.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.23M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+21.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$84

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 1 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL4 years Filed as: FIDELITY INVESTMENTS INST. OPER. CO Service code 37 · EIN 04-2647786 PO BOX 73307 · CHICAGO, IL 606737307	Loan Processing	$5,544

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$4K

$23 / participant

Other / not subdivided$4K100.0%

% of EOY assets

0.012%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: VASQUEZ & COMPANY LLP
Auditor EIN: 330700332
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$149,540

$103,685+44.2%

$105,387+41.9%

$65,186+129.4%

Participation rate

100.0%

83.2%+16.8pp

82.6%+17.4pp

70.2%+29.8pp

Annual return

22.68%

23.88%-1.2pp

26.82%-4.1pp

29.39%-6.7pp

Employer contribution / active EE

$5,577

$3,842+45.2%

$4,213+32.4%

$2,177+156.2%

Participant deferral / active EE

$4,953

$5,634-12.1%

$5,502-10.0%

$3,514+40.9%

Admin fee / account holder

$18

$399-95.5%

$6,559-99.7%

$847-97.9%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Filed as: FIDELITY INVESTMENTS INST. OPER. CO

Service code 37 · EIN 04-2647786

PO BOX 73307 · CHICAGO, IL 606737307

Loan Processing

$5,544

ARIZONA WATER COMPANY RETIREMENT AND SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ARIZONA WATER COMPANY RETIREMENT AND SAVINGS 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