Retirement plan

WAVESTREAM CORPORATION 401(K) PLAN

Name: WAVESTREAM CORPORATION - WAVESTREAM CORPORATION 401(K) PLAN (2024) Form 5500
Creator: WAVESTREAM CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WAVESTREAM CORPORATION 401(K) PLAN, WAVESTREAM CORPORATION

WAVESTREAM CORPORATIONEIN 94-3369894Plan #001PY 2024

545 WEST TERRACE DRIVE - SAN DIMAS, CA 91773909-509-9080

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$19.4M

-3.5% from 2023

Total participants

228

+2.2% from 2023

Average account balance

$85,448

-5.2% from 2023

Annual return

13.38%

-2.86 pp from 2023

Benchmarks

See 4,104 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,104 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.40M

Not enough data

1 years with asset history on file

Average account balance

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

$85K

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.

227

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.

99.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.76M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+13.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15

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 1 by compensation

Provider	Service type	Compensation
RETIREMENT SERVICE GROUP INC2 years Service code 13 · EIN 37-1909306	Contract Administrator	$2,475

Plan features & details

Pension benefit codes2F2G2J2T3D

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.
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.

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$3K

$25 / participant

Contract admin$3K100.0%

% of EOY assets

0.018%

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: BAKER TILLY US LLP
Auditor EIN: 301413443
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$85,448

$79,184+7.9%

$102,438-16.6%

$74,546+14.6%

Participation rate

99.3%

74.8%+24.5pp

76.5%+22.8pp

67.2%+32.1pp

Annual return

13.38%

54.95%-41.6pp

29.37%-16.0pp

1366.03%-1352.7pp

Employer contribution / active EE

$3,712

$2,362+57.2%

$3,024+22.8%

$2,624+41.4%

Participant deferral / active EE

$8,981

$4,414+103.4%

$5,054+77.7%

$4,347+106.6%

Admin fee / account holder

$15

$2,001-99.2%

$9,448-99.8%

$1,944-99.2%

Provider

Service type

Compensation

RETIREMENT SERVICE GROUP INC2 years

Service code 13 · EIN 37-1909306

Contract Administrator

$2,475

WAVESTREAM CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WAVESTREAM CORPORATION 401(K) 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