Retirement plan

KRUEGER WHOLESALE FLORIST, INC. 401(K) PROFIT SHARING PLAN

Name: KRUEGER WHOLESALE FLORIST, INC. - KRUEGER WHOLESALE FLORIST, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: KRUEGER WHOLESALE FLORIST, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KRUEGER WHOLESALE FLORIST, INC. 401(K) PROFIT SHARING PLAN, KRUEGER WHOLESALE FLORIST, INC.

KRUEGER WHOLESALE FLORIST, INC.EIN 39-1154722Plan #001PY 2024

10706 TESCH LANE - ROTHSCHILD, WI 544747913715-359-7202kruegerwholesale.comLinkedIn51-200 employeeswholesale

Prospect flagsHigh feesFailed to transmit contributions

Top hat statement on fileNQDC

Filed November 23, 2021 (most recent of 2 filings on file)

Plan administrator

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10706 Tesch Lane

Rothschild, WI 54474

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Plans declared (1)

Supplemental Retirement Benefit Agreement for James W. Krueger1 emp

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Total assets (EOY)

$16.1M

+14.3% from 2023

Total participants

183

-2.7% from 2023

Average account balance

$91,319

+16.2% from 2023

Annual return

14.26%

-1.11 pp from 2023

Benchmarks

See 2,344 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,344 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.07M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

176

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.

95.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.10M

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

+14.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$425

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 2 by compensation

Provider	Service type	Compensation
NICOLET NATIONAL BANK8 years Service code 27 111 N WASHINGTON ST · GREEN BAY, WI 54305	Advisory (Plan)	$51,387
AMERICAN FUNDS6 years Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS. Service code 25 · EIN 82-4555287	Directed Trustee	$23,481

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3B3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$75K

$509 / participant

Recordkeeping$23K31.4%
Investment mgmt$51K68.6%

% of EOY assets

0.466%

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: WIPFLI LLP
Auditor EIN: 390758449
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$91,319

$88,203+3.5%

$165,100-44.7%

$74,478+22.6%

Participation rate

95.2%

73.1%+22.1pp

78.6%+16.6pp

67.2%+28.0pp

Annual return

14.26%

17.13%-2.9pp

70.21%-56.0pp

1370.56%-1356.3pp

Employer contribution / active EE

$1,707

$2,601-34.4%

$4,348-60.7%

$2,626-35.0%

Participant deferral / active EE

$5,802

$4,505+28.8%

$6,035-3.9%

$4,350+33.4%

Admin fee / account holder

$425

$2,235-81.0%

$12,696-96.6%

$1,946-78.1%

Provider

Service type

Compensation

NICOLET NATIONAL BANK8 years

Service code 27

111 N WASHINGTON ST · GREEN BAY, WI 54305

Advisory (Plan)

$51,387

AMERICAN FUNDS6 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS.

Service code 25 · EIN 82-4555287

Directed Trustee

$23,481

KRUEGER WHOLESALE FLORIST, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KRUEGER WHOLESALE FLORIST, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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