Retirement plan

WALTERS & WOLF GLASS COMPANY PROFIT SHARING 401(K) PLAN AND TRUST

Name: WALTERS & WOLF GLASS COMPANY - WALTERS & WOLF GLASS COMPANY PROFIT SHARING 401(K) PLAN AND TRUST (2016) Form 5500
Creator: WALTERS & WOLF GLASS COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WALTERS & WOLF GLASS COMPANY PROFIT SHARING 401(K) PLAN AND TRUST, WALTERS & WOLF GLASS COMPANY

WALTERS & WOLF GLASS COMPANYEIN 94-2507766Plan #001PY 2016

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

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$44.1M

No prior year

Total participants

174

No prior year

Average account balance

$256,457

No prior year

Annual return

9.90%

No prior year

Benchmarks

See 2,382 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,382 peers

Snapshot2016

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY1+ years Filed as: MORGAN STANLEY SMITH BARNEY, LLC Service code 27 · EIN 26-4310632 555 CALIFORNIA ST, 35TH FLOOR · SAN FRANCISCO, CA 94104	Advisory (Plan)	$57,358
AMERICAN FUNDS1+ years Filed as: AMERICAN FUNDS DISTRIBUTORS, INC. Service code 26 · EIN 95-2769620 6455 IRVINE CENTER DR. · IRVINE, CA 92618	Advisory (Participants)	$39,413

Reportable transactions (Schedule G)

2 rows

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

Category	Counterparty	Relationship / Terms	Address	Amount
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX

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Plan features & details

Pension benefit codes2E2F2H2J2T3D3H

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$150K

$1009 / participant

Other / not subdivided$150K100.0%

% of EOY assets

0.341%

all-in expense ratio

Categories reported

0 / 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

$256,457

$52,884+384.9%

$84,753+202.6%

$55,167+364.9%

Participation rate

98.7%

67.5%+31.1pp

76.6%+22.1pp

69.0%+29.7pp

Annual return

9.90%

18.03%-8.1pp

22.78%-12.9pp

169.23%-159.3pp

Employer contribution / active EE

$15,399

$2,233+589.4%

$3,574+330.8%

$1,963+684.6%

Participant deferral / active EE

$7,220

$2,644+173.1%

$3,712+94.5%

$3,054+136.4%

Admin fee / account holder

$874

$581+50.5%

$5,333-83.6%

$504+73.5%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY1+ years

Filed as: MORGAN STANLEY SMITH BARNEY, LLC

Service code 27 · EIN 26-4310632

555 CALIFORNIA ST, 35TH FLOOR · SAN FRANCISCO, CA 94104

Advisory (Plan)

$57,358

AMERICAN FUNDS1+ years

Filed as: AMERICAN FUNDS DISTRIBUTORS, INC.

Service code 26 · EIN 95-2769620

6455 IRVINE CENTER DR. · IRVINE, CA 92618

Advisory (Participants)

$39,413

WALTERS & WOLF GLASS COMPANY PROFIT SHARING 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WALTERS & WOLF GLASS COMPANY PROFIT SHARING 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

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