Retirement plan

MUSSON BROS., INC. 401(K) RETIREMENT PLAN

Name: MUSSON BROS., INC. - MUSSON BROS., INC. 401(K) RETIREMENT PLAN (2021) Form 5500
Creator: MUSSON BROS., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MUSSON BROS., INC. 401(K) RETIREMENT PLAN, MUSSON BROS., INC.

MUSSON BROS., INC.EIN 39-0880737Plan #001PY 2021

PO BOX 818 - RHINELANDER, WI 54501715-365-8700

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$9.6M

+42.6% from 2020

Total participants

180

-5.3% from 2020

Average account balance

$77,415

+47.2% from 2020

Annual return

50.87%

+63.32 pp from 2020

Benchmarks

See 2,980 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,980 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.06M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

150

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.

65.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$868K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+6.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$430

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
WIPFLI LLP3 years Filed as: WIPFLI FINANCIAL ADVISORS, LLC Service code 26 · EIN 39-1947134	Advisory (Participants)	$31,001
WIPFLI LLP5 years Service code 15 · EIN 39-0758449	Recordkeeping	$6,326
GASSNER COMPANY, S.C.2 years Service code 10 · EIN 39-1336018	Accounting	$5,599

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$43K

$268 / participant

Investment mgmt$31K72.2%
Contract admin$6K14.7%
Other / not subdivided$6K13.0%

% of EOY assets

0.447%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GASSNER COMPANY, S.C.
Auditor EIN: 391336018
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$77,415

$77,677-0.3%

$109,173-29.1%

$79,391-2.5%

Participation rate

65.0%

67.8%-2.8pp

75.9%-10.9pp

70.7%-5.7pp

Annual return

50.87%

23.44%+27.4pp

25.75%+25.1pp

116.88%-66.0pp

Employer contribution / active EE

$1,554

$2,798-44.5%

$3,723-58.3%

$2,428-36.0%

Participant deferral / active EE

$2,653

$3,517-24.6%

$4,654-43.0%

$4,046-34.4%

Admin fee / account holder

$346

$732-52.7%

$6,755-94.9%

$627-44.7%

Provider

Service type

Compensation

WIPFLI LLP3 years

Filed as: WIPFLI FINANCIAL ADVISORS, LLC

Service code 26 · EIN 39-1947134

Advisory (Participants)

$31,001

WIPFLI LLP5 years

Service code 15 · EIN 39-0758449

Recordkeeping

$6,326

GASSNER COMPANY, S.C.2 years

Service code 10 · EIN 39-1336018

Accounting

$5,599

MUSSON BROS., INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MUSSON BROS., INC. 401(K) 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