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THE WATKINS INSTITUTE RETIREMENT PLAN 401k Plan overview

Plan NameTHE WATKINS INSTITUTE RETIREMENT PLAN
Plan identification number 001

THE WATKINS INSTITUTE RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 403(b)(1) arrangement - See Limited Pension Plan Reporting instructions for Code section 403(b)(1) arrangements for certain exempt organizations.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

WATKINS INSTITUTE has sponsored the creation of one or more 401k plans.

Company Name:WATKINS INSTITUTE
Employer identification number (EIN):620475751
NAIC Classification:611000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE WATKINS INSTITUTE RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-01-01KRISTA MINEWEASER2022-01-24
0012020-01-01
0012019-01-01
0012018-01-01CATELYNN HUDGIN2019-07-03
0012017-01-01DWAYNE BREEDING2018-07-27 DWAYNE BREEDING2018-07-27
0012016-01-01MARY ELLEN LOTHAMER2017-07-28 WATKINS INSTITUTE2017-07-28
0012015-01-01MARY ELLEN LOTHAMER2016-10-06
0012014-01-01MARY ELLEN LOTHAMER2015-07-29 MARY ELLEN LOTHAMER2015-07-29
0012014-01-01MARY ELLEN LOTHAMER2015-12-03
0012013-01-01MARY ELLEN LOTHAMER2014-07-14 MARY ELLEN LOTHAMER2014-07-14
0012012-01-01MARY ELLEN LOTHAMER2013-07-29
0012011-01-01MARY ELLEN LOTHAMER2012-07-18
0012010-01-01MARY ELLEN LOTHAMER2011-07-28

Plan Statistics for THE WATKINS INSTITUTE RETIREMENT PLAN

401k plan membership statisitcs for THE WATKINS INSTITUTE RETIREMENT PLAN

Measure Date Value
2020: THE WATKINS INSTITUTE RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01154
Total number of active participants reported on line 7a of the Form 55002020-01-010
Number of retired or separated participants receiving benefits2020-01-0140
Number of other retired or separated participants entitled to future benefits2020-01-0128
Total of all active and inactive participants2020-01-0168
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0168
Number of participants with account balances2020-01-0168
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: THE WATKINS INSTITUTE RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01143
Total number of active participants reported on line 7a of the Form 55002019-01-0184
Number of retired or separated participants receiving benefits2019-01-0125
Number of other retired or separated participants entitled to future benefits2019-01-0145
Total of all active and inactive participants2019-01-01154
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01154
Number of participants with account balances2019-01-0199
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010

Financial Data on THE WATKINS INSTITUTE RETIREMENT PLAN

Measure Date Value
2020 : THE WATKINS INSTITUTE RETIREMENT PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$30
Total income from all sources (including contributions)2020-12-31$666,354
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$2,395,488
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$2,378,244
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$131,858
Value of total assets at end of year2020-12-31$2,690,119
Value of total assets at beginning of year2020-12-31$4,419,283
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$17,244
Total interest from all sources2020-12-31$32,782
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$25,683
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$25,683
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$75,925
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2020-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2020-12-31$30
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$-1,729,134
Value of net assets at end of year (total assets less liabilities)2020-12-31$2,690,119
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$4,419,253
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$4,242
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$1,775,792
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$3,461,958
Value of interest in pooled separate accounts at end of year2020-12-31$80,318
Value of interest in pooled separate accounts at beginning of year2020-12-31$104,010
Interest earned on other investments2020-12-31$32,782
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$834,009
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$853,285
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$476,975
Net investment gain/loss from pooled separate accounts2020-12-31$-944
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$55,933
Employer contributions (assets) at end of year2020-12-31$0
Employer contributions (assets) at beginning of year2020-12-31$30
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$2,378,244
Contract administrator fees2020-12-31$13,002
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31PHILIP C. MAY, PC
Accountancy firm EIN2020-12-31800794417
2019 : THE WATKINS INSTITUTE RETIREMENT PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$30
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$30
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$30
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$30
Total income from all sources (including contributions)2019-12-31$952,240
Total income from all sources (including contributions)2019-12-31$952,240
Total loss/gain on sale of assets2019-12-31$0
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$400,736
Total of all expenses incurred2019-12-31$400,736
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$377,085
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$377,085
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$222,737
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$222,737
Value of total assets at end of year2019-12-31$4,419,283
Value of total assets at end of year2019-12-31$4,419,283
Value of total assets at beginning of year2019-12-31$3,867,779
Value of total assets at beginning of year2019-12-31$3,867,779
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$23,651
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$23,651
Total interest from all sources2019-12-31$28,078
Total interest from all sources2019-12-31$28,078
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$44,026
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$44,026
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$44,026
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$44,026
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$126,565
Contributions received from participants2019-12-31$126,565
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2019-12-31$30
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2019-12-31$30
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$30
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$30
Other income not declared elsewhere2019-12-31$9
Other income not declared elsewhere2019-12-31$9
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$551,504
Value of net income/loss2019-12-31$551,504
Value of net assets at end of year (total assets less liabilities)2019-12-31$4,419,253
Value of net assets at end of year (total assets less liabilities)2019-12-31$4,419,253
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$3,867,749
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$3,867,749
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$5,054
Investment advisory and management fees2019-12-31$5,054
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$3,461,958
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$3,461,958
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$3,159,630
Value of interest in pooled separate accounts at end of year2019-12-31$104,010
Value of interest in pooled separate accounts at end of year2019-12-31$104,010
Value of interest in pooled separate accounts at beginning of year2019-12-31$139,294
Interest on participant loans2019-12-31$0
Interest on participant loans2019-12-31$0
Interest earned on other investments2019-12-31$28,078
Interest earned on other investments2019-12-31$28,078
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$853,285
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$853,285
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$568,804
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$650,443
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$650,443
Net investment gain/loss from pooled separate accounts2019-12-31$6,947
Net investment gain/loss from pooled separate accounts2019-12-31$6,947
Net investment gain or loss from common/collective trusts2019-12-31$0
Net investment gain or loss from common/collective trusts2019-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$96,172
Contributions received in cash from employer2019-12-31$96,172
Employer contributions (assets) at end of year2019-12-31$30
Employer contributions (assets) at end of year2019-12-31$30
Employer contributions (assets) at beginning of year2019-12-31$51
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$377,085
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$377,085
Contract administrator fees2019-12-31$18,597
Contract administrator fees2019-12-31$18,597
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31PHILIP C. MAY, PC
Accountancy firm name2019-12-31PHILIP C. MAY, PC
Accountancy firm EIN2019-12-31800794417
Accountancy firm EIN2019-12-31800794417

Form 5500 Responses for THE WATKINS INSTITUTE RETIREMENT PLAN

2020: THE WATKINS INSTITUTE RETIREMENT PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: THE WATKINS INSTITUTE RETIREMENT PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

TIAA-CREF (National Association of Insurance Commissioners NAIC id number: 69345 )
Policy contract number500462
Policy instance 1
Insurance contract or identification number500462
Number of Individuals Covered52
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
TIAA-CREF (National Association of Insurance Commissioners NAIC id number: 69345 )
Policy contract number500462
Policy instance 1
Insurance contract or identification number500462
Number of Individuals Covered73
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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