Retirement plan

WISCONSIN EDUCATION ASSOCIATION COUNCIL PROFESSIONAL STAFF RETIREMENT AND 401(K) PLAN

Name: WISCONSIN EDUCATION ASSOCIATION COUNCIL - WISCONSIN EDUCATION ASSOCIATION COUNCIL PROFESSIONAL STAFF RETIREMENT AND 401(K) PLAN (2017) Form 5500
Creator: WISCONSIN EDUCATION ASSOCIATION COUNCIL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WISCONSIN EDUCATION ASSOCIATION COUNCIL PROFESSIONAL STAFF RETIREMENT AND 401(K) PLAN, WISCONSIN EDUCATION ASSOCIATION COUNCIL

WISCONSIN EDUCATION ASSOCIATION COUNCILEIN 39-1169160Plan #005PY 2017

PO BOX 8003 - MADISON, WI 53708608-298-2330

Other plans on this EIN

2 filings

#004Retirement-$5.9M assets #006Retirement--

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$43.9M

+42.9% from 2016

Total participants

162

+42.1% from 2016

Average account balance

$270,931

+0.6% from 2016

Annual return

48.10%

+43.58 pp from 2016

Benchmarks

See 7,912 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort7,912 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$38.85M

Not enough data

1 years with asset history on file

Average account balance

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

$374K

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.

104

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.16M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$28K

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

+11.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$567

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 5 by compensation

Provider	Service type	Compensation
ALPHA INVESTMENT CONSULTING GROUP2+ years Service code 27 111 E KILBOURN AVE, SUITE 1600 · MILWAUKEE, WI 53202	Advisory (Plan)	$25,609
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$23,261
TD AMERITRADE, INC.2+ years Service code 33 200 S. 108TH AVENUE · OMAHA, NE 68154	Securities brokerage	$1,903
TD AMERITRADE, INC.1 year Filed as: TD AMERITRADE INC Service code 33	Securities brokerage	$0
TD AMERITRADE, INC.1 year Filed as: TD AMRITRADE INC Service code 33	Securities brokerage	$0

Plan features & details

Pension benefit codes2E2F2G2J2R2T3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$49K

$940 / participant

Contract admin$49K100.0%

% of EOY assets

0.111%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: WEGNER LLP
Auditor EIN: 390974031
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$270,931

$53,128+410.0%

$86,582+212.9%

$70,126+286.3%

Participation rate

100.0%

65.3%+34.7pp

73.5%+26.5pp

69.5%+30.5pp

Annual return

48.10%

27.66%+20.4pp

965.08%-917.0pp

73.15%-25.0pp

Employer contribution / active EE

$13,438

$2,068+549.8%

$2,839+373.2%

$2,343+473.6%

Participant deferral / active EE

$3,693

$2,695+37.0%

$3,609+2.3%

$3,332+10.8%

Admin fee / account holder

$302

$3,584-91.6%

$4,904-93.8%

$4,645-93.5%

Provider

Service type

Compensation

ALPHA INVESTMENT CONSULTING GROUP2+ years

Service code 27

111 E KILBOURN AVE, SUITE 1600 · MILWAUKEE, WI 53202

Advisory (Plan)

$25,609

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$23,261

TD AMERITRADE, INC.2+ years

Service code 33

200 S. 108TH AVENUE · OMAHA, NE 68154

Securities brokerage

$1,903

TD AMERITRADE, INC.1 year

Filed as: TD AMERITRADE INC

Service code 33

Securities brokerage

TD AMERITRADE, INC.1 year

Filed as: TD AMRITRADE INC

Service code 33

Securities brokerage

WISCONSIN EDUCATION ASSOCIATION COUNCIL PROFESSIONAL STAFF RETIREMENT AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WISCONSIN EDUCATION ASSOCIATION COUNCIL PROFESSIONAL STAFF RETIREMENT AND 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