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Original filing (PDF)20251013140358NAL0000687859001
WATERLINE INDUSTRIES CORPORATION
Form 5500
FILING_RECEIVED
WATERLINE INDUSTRIES CORP. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN
401(k) retirement plan
Signals · 3
55% in single holding55% employer stockNo recordkeeper disclosed
Active participants
106
Accounts w/ balance
136
Plan assets (EOY)
$43.9M
Net assets (EOY)
$43.8M
How this plan invests
This plan
1 pooled trust
Schedule D
35 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
82
/ 100
Grade B
Above-average plan
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
50
Total plan cost
75
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "Waterline Industries Corporation Common Stock Common stock" is 55% of plan.
- 55% of plan in employer / sponsor stock.
- No recordkeeper disclosed on Schedule C.
Helping the score
- No Schedule C compensation disclosed — likely a small plan or unbundled.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for WATERLINE INDUSTRIES CORPORATION.
Plan sponsor
Name
WATERLINE INDUSTRIES CORPORATION
EIN
02-0417129
Address
7 LONDON LANE · SEABROOK, NH · 03874
Phone
(603) 474-7477
Industry
Constructionsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
003
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-13
Pension benefit codes
2E · Profit-sharing
2F · ERISA section 404(c)
2H · Partial participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
2P · Leveraged ESOP
2Q · S-corporation ESOP
Audit & trust (Schedule H)
Auditor
BDNP ASSURANCE, LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
1 rowsTPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| ANGELL PENSION GROUP | — | EAST PROVIDENDCE, RI | TPA | $0 | — |
Investments
35 direct securities · 1 pooled fund· $62.7M(100% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Their holdings are itemized on each fund’s own Form 5500.
Uncategorized
$43.4M
35 holdings
Pooled Separate Account
$19.4M
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Waterline Industries Corporation Common Stock Common stock | — | — | — | $23.8M | 54.3% | |
| SEPARATE ACCOUNT D VOYA RETIREMENT INSURANCE AND ANNUITY CO · EIN 71-0294708 / PN 000 | Pooled Separate Account | — | — | $19.4M | 44.2% | |
| BlackRock LifePath Index 2035 Fund Pooled separate account (1) | — | — | — | $4.0M | 9.2% | |
| BlackRock LifePath Index Retirement Fund Pooled separate account (1) | — | — | — | $3.0M | 6.8% | |
| BlackRock LifePath Index 2050 Fund Pooled separate account (1) | — | — | — | $2.3M | 5.2% | |
| BlackRock LifePath Index 2055 Fund Pooled separate account (1) | — | — | — | $2.0M | 4.5% | |
| BlackRock LifePath Index 2045 Fund Pooled separate account (1) | — | — | — | $1.9M | 4.4% | |
| BlackRock LifePath Index 2030 Fund Pooled separate account (1) | — | — | — | $1.9M | 4.3% | |
| American Funds Growth Fund Pooled separate account (1) | — | — | — | $688K | 1.6% | |
| JPMorgan Equity Income Fund Pooled separate account (1) | — | — | — | $574K | 1.3% | |
| Vanguard 500 Index Fund Pooled separate account (1) | — | — | — | $503K | 1.1% | |
| BlackRock LifePath Index 2040 Fund Pooled separate account (1) | — | — | — | $493K | 1.1% | |
| BlackRock LifePath Index 2060 Fund Pooled separate account (1) | — | — | — | $430K | 1.0% | |
| Voya Fixed Account Group annuity contract (1) | — | — | — | $178K | 0.4% | |
| American Funds EuroPacific Growth Pooled separate account (1) | — | — | — | $173K | 0.4% | |
| BlackRock LifePath Index 2065 Fund Pooled separate account (1) | — | — | — | $169K | 0.4% | |
| AllianceBernstein Discovery Value Fund Pooled separate account (1) | — | — | — | $150K | 0.3% | |
| Vanguard Total Stock Market Index Fund Pooled separate account (1) | — | — | — | $142K | 0.3% | |
| MFS International Intrinsic Value Fund Pooled separate account (1) | — | — | — | $126K | 0.3% | |
| Vanguard LifeStrategy Moderate Growth Fund Pooled separate account (1) | — | — | — | $106K | 0.2% | |
| ClearBridge Small Cap Growth Fund Pooled separate account (1) | — | — | — | $98K | 0.2% | |
| PIMCO Commodity Real Return Strategy Fund Pooled separate account (1) | — | — | — | $81K | 0.2% | |
| Eaton Vance Atlanta Capital SMID-Cap Pooled separate account (1) | — | — | — | $79K | 0.2% | |
| American Funds Capital World G&I Pooled separate account (1) | — | — | — | $68K | 0.2% | |
| PIMCO Income Fund Pooled separate account (1) | — | — | — | $65K | 0.1% | |
| DFA U.S. Small Cap Portfolio Pooled separate account (1) | — | — | — | $61K | 0.1% | |
| American Funds New World Pooled separate account (1) | — | — | — | $55K | 0.1% | |
| AllianceBernstein Global Bond Fund Pooled separate account (1) | — | — | — | $52K | 0.1% | |
| DFA Inflation-Protected Securities Portfolio Pooled separate account (1) | — | — | — | $49K | 0.1% | |
| BlackRock High Yield Bond Portfolio Pooled separate account (1) | — | — | — | $46K | 0.1% | |
| DFA U.S. Targeted Value Portfolio Pooled separate account (1) | — | — | — | $37K | <0.1% | |
| Vanguard Total Bond Market Index Fund Pooled separate account (1) | — | — | — | $33K | <0.1% | |
| Vanguard Mid-Cap Index Fund Pooled separate account (1) | — | — | — | $20K | <0.1% | |
| PGIM Global Real Estate Fund Pooled separate account (1) | — | — | — | $11K | <0.1% | |
| American Funds Capital Income Builder Pooled separate account (1) | — | — | — | $9K | <0.1% | |
| Voya Government Money Market Fund Pooled separate account (1) | — | — | — | $3K | <0.1% |