Retirement plan

WONDERLAND TIRE COMPANY INC. PROFIT SHARING 401(K) PLAN

Name: WONDERLAND TIRE, INC. - WONDERLAND TIRE COMPANY INC. PROFIT SHARING 401(K) PLAN (2020) Form 5500
Creator: WONDERLAND TIRE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WONDERLAND TIRE COMPANY INC. PROFIT SHARING 401(K) PLAN, WONDERLAND TIRE, INC.

WONDERLAND TIRE, INC.EIN 38-2264378Plan #002PY 2020

325 84TH STREET SW, SUITE 101 - BYRON CENTER, MI 49315616-878-0518wonderlandtire.comLinkedIn51-200 employeestransportation/trucking/railroad

Prospect flagsLow employer contributionRecently reached 100 employeesLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.1M

+24.1% from 2019

Total participants

138

-7.4% from 2019

Average account balance

$36,040

+4.5% from 2019

Annual return

16.79%

-6.23 pp from 2019

Benchmarks

See 1,894 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,894 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.10M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

208

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.

85.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$569K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+19.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$197

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 4 by compensation

Provider	Service type	Compensation
HUNTINGTON NATIONAL BANK1 year Service code 27 · EIN 31-0966785	Advisory (Plan)	$9,136
MESIROW FINANCIAL INVESTMENT MANAGE1 year Filed as: MESIROW FINANCIAL, INC. Service code 27 · EIN 36-3194849	Advisory (Plan)	$675
NEWPORT GROUP, INC.1 year Filed as: NEWPORT GROUP - CALIFORNIA Service code 15 · EIN 68-0071806	Recordkeeping	$410
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781	Recordkeeping	$356

Plan features & details

Pension benefit codes2E2G2J2K2F3D3H2T

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).
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.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$5K

$48 / participant

Contract admin$5K100.0%

% of EOY assets

0.122%

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: MONROE, SWEERIS & TROMP, P.L.C.
Auditor EIN: 382621598
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,040

$70,917-49.2%

$98,920-63.6%

$73,497-51.0%

Participation rate

76.9%

73.8%+3.1pp

76.0%+0.9pp

70.7%+6.2pp

Annual return

16.79%

34.18%-17.4pp

196.47%-179.7pp

28.51%-11.7pp

Employer contribution / active EE

$427

$2,037-79.1%

$2,689-84.1%

$2,270-81.2%

Participant deferral / active EE

$2,365

$3,501-32.4%

$4,245-44.3%

$3,740-36.8%

Admin fee / account holder

$44

$535-91.8%

$6,643-99.3%

$513-91.4%

Provider

Service type

Compensation

HUNTINGTON NATIONAL BANK1 year

Service code 27 · EIN 31-0966785

Advisory (Plan)

$9,136

MESIROW FINANCIAL INVESTMENT MANAGE1 year

Filed as: MESIROW FINANCIAL, INC.

Service code 27 · EIN 36-3194849

Advisory (Plan)

$675

NEWPORT GROUP, INC.1 year

Filed as: NEWPORT GROUP - CALIFORNIA

Service code 15 · EIN 68-0071806

Recordkeeping

$410

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA LIFE INSURANCE COMPANY

Service code 15 · EIN 39-0989781

Recordkeeping

$356

WONDERLAND TIRE COMPANY INC. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WONDERLAND TIRE COMPANY INC. PROFIT SHARING 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