Retirement plan

WFRA, INC. MULTIPLE EMPLOYER RETIREMENT PLAN

Name: WISCONSIN FUEL & RETAIL ASSOCIATION, INC. - WFRA, INC. MULTIPLE EMPLOYER RETIREMENT PLAN (2024) Form 5500
Creator: WISCONSIN FUEL & RETAIL ASSOCIATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WFRA, INC. MULTIPLE EMPLOYER RETIREMENT PLAN, WISCONSIN FUEL & RETAIL ASSOCIATION, INC.

WISCONSIN FUEL & RETAIL ASSOCIATION, INC.EIN 39-0714470Plan #001PY 2024

2 E MIFFLIN STREET, SUITE 801 - MADISON, WI 53703608-256-7555wpmca.orgLinkedIn1-10 employeesretail

Prospect flagsLow returnsLow participationLow participant contributionRecently reached 100 employeesFailed to transmit contributions

How to read this page

Total assets (EOY)

$51.3M

+10.8% from 2023

Total participants

1,131

-2.3% from 2023

Average account balance

$68,268

-97.1% from 2023

Annual return

11.83%

-3.15 pp from 2023

Benchmarks

See 195 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants250-999

Cohort195 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$51.34M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

752

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.

56.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.75M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$167

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 3 by compensation

Provider	Service type	Compensation
THE RETIREMENT ADVANTAGE INC3 years Filed as: THE RETIREMENT ADVANTAGE, INC Service code 15 · EIN 39-1816008	Recordkeeping	$1,950
TAG RESOURCES, LLC3 years Filed as: TAG RESOURCES LLC Service code 15 · EIN 62-1874769	Recordkeeping	$1,693
LINCOLN NATIONAL CORPORATION6 years Service code 13 · EIN 35-1140070	Contract Administrator	$908

Plan features & details

Pension benefit codes2E2J2K2F2G3D2T2U

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.

Opportunity flags

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$125K

$144 / participant

Contract admin$125K100.0%

% of EOY assets

0.244%

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: TEMPLETON & COMPANY, LLP
Auditor EIN: 141918990
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,268

$96,486-29.2%

$153,643-55.6%

$77,736-12.2%

Participation rate

56.5%

81.6%-25.2pp

77.1%-20.6pp

70.6%-14.1pp

Annual return

11.83%

14.44%-2.6pp

15.71%-3.9pp

31.26%-19.4pp

Employer contribution / active EE

$1,642

$5,224-68.6%

$5,039-67.4%

$2,728-39.8%

Participant deferral / active EE

$2,668

$6,609-59.6%

$6,754-60.5%

$4,651-42.6%

Admin fee / account holder

$167

$182-8.7%

$12,739-98.7%

$433-61.5%

Provider

Service type

Compensation

THE RETIREMENT ADVANTAGE INC3 years

Filed as: THE RETIREMENT ADVANTAGE, INC

Service code 15 · EIN 39-1816008

Recordkeeping

$1,950

TAG RESOURCES, LLC3 years

Filed as: TAG RESOURCES LLC

Service code 15 · EIN 62-1874769

Recordkeeping

$1,693

LINCOLN NATIONAL CORPORATION6 years

Service code 13 · EIN 35-1140070

Contract Administrator

$908

WFRA, INC. MULTIPLE EMPLOYER RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WFRA, INC. MULTIPLE EMPLOYER RETIREMENT 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