Retirement plan

WAHL CLIPPER CORP 401(K) PROFIT SHARING PLAN

Name: WAHL CLIPPER CORP - WAHL CLIPPER CORP 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: WAHL CLIPPER CORP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WAHL CLIPPER CORP 401(K) PROFIT SHARING PLAN, WAHL CLIPPER CORP

WAHL CLIPPER CORPEIN 36-1922730Plan #003PY 2022

2900 NORTH LOCUST STREET - STERLING, IL 61081815-625-6525wahl.comLinkedIn1001-5000 employeesconsumer goods

Prospect flagsHigh cashFailed to transmit contributions

Top hat statement on fileNQDC

Filed April 30, 2025

Plan administrator

Plan administrator name— Sign in and upgrade to view

2900 N Locust Street

Sterling, IL 61081

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (1)

Wahl Clipper Corporation Nonqualified Deferred Compensation Plan3 emp

Open the filing PDF

How to read this page

Total assets (EOY)

$116.8M

-19.1% from 2021

Total participants

1,129

-55.5% from 2021

Average account balance

$104,265

-13.8% from 2021

Annual return

-12.42%

-24.40 pp from 2021

Benchmarks

See 811 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort811 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$139.09M

Not enough data

1 years with asset history on file

Average account balance

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

$128K

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.

1,090

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.

99.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+12.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$119

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 2 by compensation

Provider	Service type	Compensation
MIDLAND STATES BANK8+ years Service code 13 · EIN 37-0259550	Contract Administrator	$0
RETIREMENT DIRECT8+ years Service code 11 · EIN 91-2076699	Actuarial	$0

Plan features & details

Pension benefit codes2E2F2H2J2K3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

2 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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

$317K

$281 / participant

Investment mgmt$317K100.0%

% of EOY assets

0.271%

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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$104,265

$130,052-19.8%

$86,698+20.3%

$77,906+33.8%

Participation rate

99.2%

85.9%+13.3pp

76.6%+22.6pp

73.7%+25.5pp

Annual return

-12.42%

-12.73%+0.3pp

35.96%-48.4pp

12.16%-24.6pp

Employer contribution / active EE

$2,908

$3,214-9.5%

$2,837+2.5%

$2,846+2.2%

Participant deferral / active EE

$4,148

$5,741-27.7%

$4,656-10.9%

$4,805-13.7%

Admin fee / account holder

$283

$132+114.4%

$7,492-96.2%

$133+113.3%

Provider

Service type

Compensation

MIDLAND STATES BANK8+ years

Service code 13 · EIN 37-0259550

Contract Administrator

RETIREMENT DIRECT8+ years

Service code 11 · EIN 91-2076699

Actuarial

WAHL CLIPPER CORP 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WAHL CLIPPER CORP 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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