Retirement plan

WASHINGTON MANUFACTURING SERVICES 403(B) RETIREMENT PLAN

Name: WASHINGTON MANUFACTURING SERVICES DBA IMPACT WASHINGTON - WASHINGTON MANUFACTURING SERVICES 403(B) RETIREMENT PLAN (2024) Form 5500
Creator: WASHINGTON MANUFACTURING SERVICES DBA IMPACT WASHINGTON
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WASHINGTON MANUFACTURING SERVICES 403(B) RETIREMENT PLAN, WASHINGTON MANUFACTURING SERVICES DBA IMPACT WASHINGTON

WASHINGTON MANUFACTURING SERVICES DBA IMPACT WASHINGTONEIN 91-1735367Plan #001PY 2024

11812 NORTH CREEK PARKWAY, ST 205 - BOTHELL, WA 980118202425-344-7501

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.5M

+3.1% from 2023

Total participants

0.0% from 2023

Average account balance

$183,186

+3.1% from 2023

Annual return

10.82%

-3.06 pp from 2023

Benchmarks

See 49,870 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort49,870 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.48M

Not enough data

1 years with asset history on file

Average account balance

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

$183K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$422K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+10.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$37196

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 codes2F2G2L2M2S2T3D

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$707K

$37196 / participant

Other / not subdivided$707K100.0%

% of EOY assets

20.305%

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

$183,186

$88,815+106.3%

$81,882+123.7%

$145,897+25.6%

Participation rate

94.7%

75.1%+19.7pp

72.4%+22.3pp

80.3%+14.4pp

Annual return

10.82%

1033.75%-1022.9pp

779.47%-768.7pp

552.29%-541.5pp

Employer contribution / active EE

$7,903

$3,086+156.1%

$2,916+171.0%

$4,663+69.5%

Participant deferral / active EE

$14,302

$4,647+207.8%

$4,323+230.8%

$6,689+113.8%

Admin fee / account holder

$37,196

$8,434+341.0%

$7,360+405.4%

$13,390+177.8%

WASHINGTON MANUFACTURING SERVICES 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WASHINGTON MANUFACTURING SERVICES 403(B) RETIREMENT 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