Retirement plan

WESTERN RIVER EXPEDITIONS, INC. PROFIT SHARING PLAN

Name: WESTERN RIVER EXPEDITIONS, INC. - WESTERN RIVER EXPEDITIONS, INC. PROFIT SHARING PLAN (2022) Form 5500
Creator: WESTERN RIVER EXPEDITIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTERN RIVER EXPEDITIONS, INC. PROFIT SHARING PLAN, WESTERN RIVER EXPEDITIONS, INC.

WESTERN RIVER EXPEDITIONS, INC.EIN 87-0335664Plan #002PY 2022

7258 RACQUET CLUB DRIVE - SALT LAKE CITY, UT 84121801-942-6669westernriver.comLinkedIn51-200 employeesrecreational facilities and services

Other plans on this EIN

1 filing

#004Retirement-$1.3M assets

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$4.3M

-22.5% from 2021

Total participants

-7.0% from 2021

Average account balance

$120,824

-9.6% from 2021

Annual return

-15.90%

-31.87 pp from 2021

Benchmarks

See 2,895 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants25-99

Cohort2,895 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.64M

Not enough data

1 years with asset history on file

Average account balance

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

$154K

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.

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.

65.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$353K

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

+21.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2651

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2R2T3D

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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$657K

$24340 / participant

Other / not subdivided$657K100.0%

% of EOY assets

15.109%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$120,824

$46,689+158.8%

$117,498+2.8%

$68,495+76.4%

Participation rate

85.2%

56.8%+28.4pp

70.6%+14.6pp

67.9%+17.3pp

Annual return

-15.90%

-14.52%-1.4pp

29.75%-45.7pp

-7.84%-8.1pp

Employer contribution / active EE

$3,840

$1,505+155.1%

$4,178-8.1%

$2,596+47.9%

Participant deferral / active EE

$6,729

$2,637+155.2%

$4,071+65.3%

$4,028+67.1%

Admin fee / account holder

$18,255

$4,021+354.0%

$5,646+223.3%

$5,403+237.8%

WESTERN RIVER EXPEDITIONS, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTERN RIVER EXPEDITIONS, INC. 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