Retirement plan

WESTERN INDUSTRIAL RESOURCES CORP RETIREMENT SAVINGS PLAN

Name: WESTERN INDUSTRIAL RESOURCES CORP - WESTERN INDUSTRIAL RESOURCES CORP RETIREMENT SAVINGS PLAN (2019) Form 5500
Creator: WESTERN INDUSTRIAL RESOURCES CORP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTERN INDUSTRIAL RESOURCES CORP RETIREMENT SAVINGS PLAN, WESTERN INDUSTRIAL RESOURCES CORP

WESTERN INDUSTRIAL RESOURCES CORPEIN 86-1007205Plan #001PY 2019

3640 SOUTH CACTUS ROAD - APACHE JUNCTION, AZ 851199200480-396-7404wiranch.comLinkedIn1-10 employeesconstruction

Prospect flagsLow returnsLow participationLow assets / participant

How to read this page

Total assets (EOY)

$4.5M

+21.4% from 2018

Total participants

320

-0.9% from 2018

Average account balance

$22,389

+46.4% from 2018

Annual return

14.63%

+19.55 pp from 2018

Benchmarks

See 1,257 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,257 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.99M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

203

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.

37.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+8.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$272

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
LATITUDE SERVICE COMPANY INC1 year Filed as: LATITUDE SERVICE COMPANY, INC. Service code 15 · EIN 82-1371994	Recordkeeping	$13,646
NORTH AMERICAN KTRADE ALLIANCE, LLC4 years Service code 59 · EIN 32-0169227	Shareholder Servicing	$13,039
NORTHPOINT FINANCIAL, LLC5+ years Service code 28 9240 W UNION HILLS, SUITE 100-B · PERORIA, AZ 85382	Investment Management	$11,693
EVERS ROBINSON LTD2 years Filed as: EVERS ROBINSON, LTD. Service code 10 5333 N. 7TH STREET, SUITE C-121 · PHOENIX, AZ 85014	Accounting	$8,300

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

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.
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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$51K

$194 / participant

Investment mgmt$12K23.1%
Contract admin$30K59.1%
Other / not subdivided$9K17.8%

% of EOY assets

1.135%

all-in expense ratio

Categories reported

2 / 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: EVERS ROBINSON LTD
Auditor EIN: 860715183
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,389

$66,650-66.4%

$92,915-75.9%

$67,582-66.9%

Participation rate

53.6%

72.5%-18.9pp

76.0%-22.4pp

71.3%-17.6pp

Annual return

14.63%

92.64%-78.0pp

109.45%-94.8pp

378.57%-363.9pp

Employer contribution / active EE

$1,083

$2,777-61.0%

$3,653-70.4%

$2,148-49.6%

Participant deferral / active EE

$2,089

$3,160-33.9%

$4,238-50.7%

$3,539-41.0%

Admin fee / account holder

$254

$199+27.6%

$5,796-95.6%

$142+78.5%

Provider

Service type

Compensation

LATITUDE SERVICE COMPANY INC1 year

Filed as: LATITUDE SERVICE COMPANY, INC.

Service code 15 · EIN 82-1371994

Recordkeeping

$13,646

NORTH AMERICAN KTRADE ALLIANCE, LLC4 years

Service code 59 · EIN 32-0169227

Shareholder Servicing

$13,039

NORTHPOINT FINANCIAL, LLC5+ years

Service code 28

9240 W UNION HILLS, SUITE 100-B · PERORIA, AZ 85382

Investment Management

$11,693

EVERS ROBINSON LTD2 years

Filed as: EVERS ROBINSON, LTD.

Service code 10

5333 N. 7TH STREET, SUITE C-121 · PHOENIX, AZ 85014

Accounting

$8,300

WESTERN INDUSTRIAL RESOURCES CORP RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTERN INDUSTRIAL RESOURCES CORP RETIREMENT 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