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. (2020) 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 2020

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$15M

+5.3% from 2019

Total participants

161

-5.3% from 2019

Average account balance

$95,999

+13.4% from 2019

Annual return

10.31%

-8.20 pp from 2019

Benchmarks

See 1,062 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,062 peers

Snapshot2020

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
PATHSTONE ADVISORS INC.1 year Service code 26 · EIN 27-1957427	Advisory (Participants)	$34,330
TRAUTMANN MAHER & ASSOCIATES6+ years Filed as: TRAUTMANN, MAHER & ASSOC. Service code 15 · EIN 91-1526584	Recordkeeping	$26,505
SABEY CPA, PLLC1 year Service code 10 · EIN 83-2111556	Accounting	$13,500
CHARLES SCHWAB & CO., INC.6+ years Filed as: CHARLES SCHWAB TRUST CO Service code 18 · EIN 42-1558009	Custodial (other than securities)	$5,954

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$80K

$698 / participant

Investment mgmt$40K50.2%
Other / not subdivided$40K49.8%

% of EOY assets

0.536%

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

$95,999

$55,636+72.5%

$81,982+17.1%

$73,497+30.6%

Participation rate

95.7%

62.3%+33.4pp

69.3%+26.4pp

70.7%+25.0pp

Annual return

10.31%

19.07%-8.8pp

41.31%-31.0pp

28.51%-18.2pp

Employer contribution / active EE

$2,174

$1,625+33.8%

$2,498-13.0%

$2,270-4.2%

Participant deferral / active EE

$1,199

$2,762-56.6%

$3,722-67.8%

$3,740-67.9%

Admin fee / account holder

$515

$493+4.4%

$5,665-90.9%

$513+0.3%

Provider

Service type

Compensation

PATHSTONE ADVISORS INC.1 year

Service code 26 · EIN 27-1957427

Advisory (Participants)

$34,330

TRAUTMANN MAHER & ASSOCIATES6+ years

Filed as: TRAUTMANN, MAHER & ASSOC.

Service code 15 · EIN 91-1526584

Recordkeeping

$26,505

SABEY CPA, PLLC1 year

Service code 10 · EIN 83-2111556

Accounting

$13,500

CHARLES SCHWAB & CO., INC.6+ years

Filed as: CHARLES SCHWAB TRUST CO

Service code 18 · EIN 42-1558009

Custodial (other than securities)

$5,954

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