Retirement plan

WALTERS & WOLF RETIREMENT PLAN

Name: WALTERS & WOLF GLASS COMPANY - WALTERS & WOLF RETIREMENT PLAN (2024) Form 5500
Creator: WALTERS & WOLF GLASS COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WALTERS & WOLF RETIREMENT PLAN, WALTERS & WOLF GLASS COMPANY

WALTERS & WOLF GLASS COMPANYEIN 94-2507766Plan #001PY 2024

41450 BOSCELL ROAD - FREMONT, CA 945383103510-490-1115waltersandwolf.comLinkedIn1001-5000 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$123.4M

-2.8% from 2023

Total participants

571

-6.5% from 2023

Average account balance

$223,212

-1.2% from 2023

Annual return

14.06%

-2.91 pp from 2023

Benchmarks

See 1,563 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,563 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$123.44M

Not enough data

1 years with asset history on file

Average account balance

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

$223K

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.

553

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.

94.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.59M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+14.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$825

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 3 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY9+ years Filed as: MORGAN STANLEY SMITH BARNEY, LLC Service code 27 · EIN 26-4310632	Advisory (Plan)	$190,305
PLAN DESIGN CONSULTANTS, INC.6 years Filed as: PLAN DESIGN CONSULTANTS INC Service code 13	Contract Administrator	$18,612
AMERICAN FUNDS2 years Filed as: CAPITAL GROUP RETIREMENT PLAN Service code 64	Recordkeeping Fees	$6,062

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$456K

$1443 / participant

Contract admin$456K100.0%

% of EOY assets

0.369%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: TYS, LLP
Auditor EIN: 260618284
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$223,212

$82,980+169.0%

$103,378+115.9%

$77,692+187.3%

Participation rate

94.3%

71.5%+22.8pp

74.5%+19.8pp

70.6%+23.7pp

Annual return

14.06%

19.11%-5.1pp

24.91%-10.9pp

31.25%-17.2pp

Employer contribution / active EE

$8,259

$3,554+132.4%

$3,870+113.4%

$2,726+202.9%

Participant deferral / active EE

$9,440

$4,109+129.7%

$5,058+86.6%

$4,648+103.1%

Admin fee / account holder

$825

$639+29.1%

$8,401-90.2%

$431+91.6%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY9+ years

Filed as: MORGAN STANLEY SMITH BARNEY, LLC

Service code 27 · EIN 26-4310632

Advisory (Plan)

$190,305

PLAN DESIGN CONSULTANTS, INC.6 years

Filed as: PLAN DESIGN CONSULTANTS INC

Service code 13

Contract Administrator

$18,612

AMERICAN FUNDS2 years

Filed as: CAPITAL GROUP RETIREMENT PLAN

Service code 64

Recordkeeping Fees

$6,062

WALTERS & WOLF RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WALTERS & WOLF 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