Retirement plan

WESTERN BUILDING PRODUCTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND 401(K) SAVINGS PLAN

Name: WESTERN BUILDING PRODUCTS, INC. - WESTERN BUILDING PRODUCTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND 401(K) SAVINGS PLAN (2023) Form 5500
Creator: WESTERN BUILDING PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTERN BUILDING PRODUCTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND 401(K) SAVINGS PLAN, WESTERN BUILDING PRODUCTS, INC.

WESTERN BUILDING PRODUCTS, INC.EIN 39-0926328Plan #003PY 2023

7007 N. 115TH STREET - MILWAUKEE, WI 53224414-258-3266western1.comLinkedIn51-200 employeesbuilding materials

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$58.6M

+17.9% from 2022

Total participants

281

+17.6% from 2022

Average account balance

$225,523

+8.4% from 2022

Annual return

16.78%

+12.20 pp from 2022

Benchmarks

See 1,939 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,939 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$63.43M

Not enough data

1 years with asset history on file

Average account balance

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

$264K

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.

240

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.

74.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+14.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

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
AMERICAN UNITED LIFE INSURANCE CO8 years Filed as: ONEAMERICA RETIREMENT SERVICES LLC Service code 15 · EIN 46-5378846	Recordkeeping	$400
MATRIX TRUST COMPANY3 years Service code 19 · EIN 75-3182674	Securities Custodian	$0
AMERICAN UNITED LIFE INSURANCE CO8 years Filed as: ONEAMERICA RETIREMENT SERVICES, LLC Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2H2J2I2O2Q2T3H

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.
2I
Stock bonus
Stock bonus plan.
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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
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.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$400

$2 / participant

Recordkeeping$400100.0%

% of EOY assets

0.001%

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: WIPFLI LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$225,523

$71,534+215.3%

$98,462+129.0%

$71,529+215.3%

Participation rate

87.2%

72.7%+14.5pp

75.2%+12.0pp

67.9%+19.3pp

Annual return

16.78%

32.44%-15.7pp

21.17%-4.4pp

28.97%-12.2pp

Employer contribution / active EE

$15,571

$2,399+548.9%

$3,049+410.7%

$2,590+501.2%

Participant deferral / active EE

$1,942

$4,109-52.7%

$4,738-59.0%

$4,291-54.7%

Admin fee / account holder

$1,677-99.9%

$8,875-100.0%

$1,588-99.9%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO8 years

Filed as: ONEAMERICA RETIREMENT SERVICES LLC

Service code 15 · EIN 46-5378846

Recordkeeping

$400

MATRIX TRUST COMPANY3 years

Service code 19 · EIN 75-3182674

Securities Custodian

AMERICAN UNITED LIFE INSURANCE CO8 years

Filed as: ONEAMERICA RETIREMENT SERVICES, LLC

Service code 15

Recordkeeping

WESTERN BUILDING PRODUCTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTERN BUILDING PRODUCTS, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND 401(K) SAVINGS 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