Whitmore Worsley, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Whitmore Worsley, Inc.)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Whitmore Worsley, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Whitmore Worsley, Inc. under EIN 11-1571994 and plan number 002. The latest loaded filing year is 2023. The filing reports 227 participants and $4,102,071 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$3.8MPlan net assets, end of year$3,793,107
Participants227Covered participants reported
Assets / participant$16.7KComputed: assets ÷ participants$16,710 (computed)
Provider compensation$34.9K6 Schedule C provider row(s)$34,897
- Plan sponsor
- Whitmore Worsley, Inc.
- EIN
- 11-1571994
- Plan number
- 002
- Plan type
- 2
- Location
- East Hampton, NY
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 227 | H, C | 20240617150639NAL0001641617001 |
| 2023 | 188 | H, C | 20250930113744NAL0005469139001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$3.8M total assets
Net assets$3.8MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $3,793,107
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $3,793,107
- Net assets (BOY)
- $4,038,325
Income & contributions
- Employer contributions
- $17,395
- Participant contributions
- $227,721
- Total contributions
- $245,116
- Total income / additions
- $699,598
Expenses & distributions
- Benefits paid
- $894,563
- Administrative expenses
- $16,701
- Total expenses
- $944,816
- Net increase / (decrease)
- -$245,218
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
93%
Employer 7%Participant 93%
Total expenses ÷ net assets25%Computed ratio
Benefits paid ÷ total income128%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Co | CONTRACT ADMINISTRATOR | $9,491 | $0 | 2023 |
| Merrill Lynch Pierce Fenner & Smith | CONSULTANT | $8,505 | $12 | 2023 |
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $8,105 | $0 | 2023 |
| Merrill Lynch Pierce Fenner & Smith | CONSULTANT | $6,463 | $11 | 2023 |
| Associated Pension Consultants | CONTRACT ADMINISTRATOR | $1,405 | $905 | 2023 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Whitmore Worsley, Inc.
- 2023 Form 5500 filing
- 2023 Form 5500 filing
- Form 5500 filings in NY
- 401(k) and benefit plan filings in East Hampton, NY
- Principal Life Insurance Co — Schedule C compensation
- Merrill Lynch Pierce Fenner & Smith — Schedule C compensation
- Principal Life Insurance Company — Schedule C compensation
- Associated Pension Consultants — Schedule C compensation
- Wilshire Advisors LLC — Schedule C compensation