Retirement plan

THE 401(K) PROFIT SHARING PLAN AND TRUST OF WORLD WIDE MOVERS, INC.

Name: WORLD WIDE MOVERS, INC. - THE 401(K) PROFIT SHARING PLAN AND TRUST OF WORLD WIDE MOVERS, INC. (2019) Form 5500
Creator: WORLD WIDE MOVERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE 401(K) PROFIT SHARING PLAN AND TRUST OF WORLD WIDE MOVERS, INC., WORLD WIDE MOVERS, INC.

WORLD WIDE MOVERS, INC.EIN 92-0031485Plan #001PY 2019

P.O. BOX 1899 - LYNNWOOD, WA 980461899425-775-4736LinkedIn1-10 employeesfinancial services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$14.2M

+15.8% from 2018

Total participants

170

-9.6% from 2018

Average account balance

$84,692

+22.1% from 2018

Annual return

18.52%

+26.87 pp from 2018

Benchmarks

See 1,095 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,095 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.52M

Not enough data

1 years with asset history on file

Average account balance

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

$62K

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.

171

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

$251K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+8.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$608

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
CORNERSTONE ADVISORS ASSET MGMT5+ years Filed as: CORNERSTONE ADVISORS INC. Service code 26 · EIN 91-2109677	Advisory (Participants)	$44,840
TRAUTMANN MAHER & ASSOCIATES5+ years Filed as: TRAUTMANN, MAHER & ASSOC. Service code 15 · EIN 91-1526584	Recordkeeping	$32,574
PETERSON SULLIVAN LLP2 years Service code 10 · EIN 91-0605875	Accounting	$13,500
CHARLES SCHWAB & CO., INC.5+ years Filed as: CHARLES SCHWAB TRUST CO Service code 18 · EIN 42-1558009	Custodial (other than securities)	$5,413

Plan features & details

Pension benefit codes2E2F2G2J2K

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.

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

$96K

$790 / participant

Investment mgmt$50K52.2%
Other / not subdivided$46K47.8%

% of EOY assets

0.677%

all-in expense ratio

Categories reported

1 / 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: SABEY CPA, PLLC
Auditor EIN: 832111556
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$84,692

$47,922+76.7%

$75,900+11.6%

$65,186+29.9%

Participation rate

98.4%

63.0%+35.4pp

69.3%+29.1pp

70.2%+28.2pp

Annual return

18.52%

24.12%-5.6pp

30.73%-12.2pp

29.39%-10.9pp

Employer contribution / active EE

$984

$1,557-36.8%

$2,501-60.7%

$2,177-54.8%

Participant deferral / active EE

$1,158

$2,550-54.6%

$3,604-67.9%

$3,514-67.1%

Admin fee / account holder

$573

$532+7.9%

$5,421-89.4%

$847-32.3%

Provider

Service type

Compensation

CORNERSTONE ADVISORS ASSET MGMT5+ years

Filed as: CORNERSTONE ADVISORS INC.

Service code 26 · EIN 91-2109677

Advisory (Participants)

$44,840

TRAUTMANN MAHER & ASSOCIATES5+ years

Filed as: TRAUTMANN, MAHER & ASSOC.

Service code 15 · EIN 91-1526584

Recordkeeping

$32,574

PETERSON SULLIVAN LLP2 years

Service code 10 · EIN 91-0605875

Accounting

$13,500

CHARLES SCHWAB & CO., INC.5+ years

Filed as: CHARLES SCHWAB TRUST CO

Service code 18 · EIN 42-1558009

Custodial (other than securities)

$5,413

THE 401(K) PROFIT SHARING PLAN AND TRUST OF WORLD WIDE MOVERS, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE 401(K) PROFIT SHARING PLAN AND TRUST OF WORLD WIDE MOVERS, INC.

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