Retirement plan

WIESER CONCRETE PRODUCTS, INC. 401(K) PLAN

Name: WIESER CONCRETE PRODUCTS, INC. - WIESER CONCRETE PRODUCTS, INC. 401(K) PLAN (2023) Form 5500
Creator: WIESER CONCRETE PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WIESER CONCRETE PRODUCTS, INC. 401(K) PLAN, WIESER CONCRETE PRODUCTS, INC.

WIESER CONCRETE PRODUCTS, INC.EIN 39-1093327Plan #001PY 2023

W3716 US HIGHWAY 10 - MAIDEN ROCK, WI 54750715-647-2311wieserconcrete.comLinkedIn201-500 employeescivil engineering

Prospect flagsLow returnsHigh feesLow participation

How to read this page

Total assets (EOY)

$12.3M

+6.9% from 2022

Total participants

178

+9.2% from 2022

Average account balance

$96,436

+2.7% from 2022

Annual return

6.57%

+18.04 pp from 2022

Benchmarks

See 1,942 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,942 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$17.23M

Not enough data

1 years with asset history on file

Average account balance

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

$139K

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.

124

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.

61.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+17.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$73

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
BLUM SHAPIRO7 years Filed as: CLIFTONLARSON ALLEN WEALTH ADVISORS Service code 27 · EIN 41-0746749 1301 W 22ND ST STE 1100 · OAK BROOK, IL 60523	Advisory (Plan)	$28,012
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$15,745
LEAFHOUSE FINANCIAL ADVISORS, LLC2 years Service code 99 6504 BRIDGE POINT PKWY · AUSTIN, TX 787305097	Other Fees	$5,657
ASCENSUS LLC3 years Filed as: MAP RETIREMENT USA LLC Service code 13 W6180 AEROTECH DR · APPLETON, WI 54914	Contract Administrator	$3,150

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H3F2T

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

3 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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$53K

$370 / participant

Contract admin$53K100.0%

% of EOY assets

0.429%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BOYUM BARENSCHEER PLLP
Auditor EIN: 416192096
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$96,436

$71,516+34.8%

$98,439-2.0%

$71,457+35.0%

Participation rate

65.0%

72.7%-7.7pp

75.2%-10.1pp

67.9%-2.9pp

Annual return

6.57%

32.41%-25.8pp

21.16%-14.6pp

28.85%-22.3pp

Employer contribution / active EE

$2,345

$2,399-2.2%

$3,048-23.1%

$2,588-9.4%

Participant deferral / active EE

$3,845

$4,109-6.4%

$4,738-18.8%

$4,289-10.3%

Admin fee / account holder

$413

$1,675-75.3%

$8,948-95.4%

$1,587-74.0%

Provider

Service type

Compensation

BLUM SHAPIRO7 years

Filed as: CLIFTONLARSON ALLEN WEALTH ADVISORS

Service code 27 · EIN 41-0746749

1301 W 22ND ST STE 1100 · OAK BROOK, IL 60523

Advisory (Plan)

$28,012

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$15,745

LEAFHOUSE FINANCIAL ADVISORS, LLC2 years

Service code 99

6504 BRIDGE POINT PKWY · AUSTIN, TX 787305097

Other Fees

$5,657

ASCENSUS LLC3 years

Filed as: MAP RETIREMENT USA LLC

Service code 13

W6180 AEROTECH DR · APPLETON, WI 54914

Contract Administrator

$3,150

WIESER CONCRETE PRODUCTS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WIESER CONCRETE PRODUCTS, INC. 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