Retirement plan

WPS 401(K) SAVINGS PLAN

Name: WISCONSIN PHYSICIANS SERVICE INSURANCE CORPORATION - WPS 401(K) SAVINGS PLAN (2020) Form 5500
Creator: WISCONSIN PHYSICIANS SERVICE INSURANCE CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WPS 401(K) SAVINGS PLAN, WISCONSIN PHYSICIANS SERVICE INSURANCE CORPORATION

WISCONSIN PHYSICIANS SERVICE INSURANCE CORPORATIONEIN 39-1268299Plan #002PY 2020

WPS CORPORATE CENTER, 1717 WEST BROADWAY - MADISON, WI 53713608-977-7018LinkedIn1-10 employeesinsurance

Other plans on this EIN

2 filings

#003Retirement-$428.3M assets #012Retirement-$21.4M assets

Prospect flagsLow participant contribution

Top hat statement on fileNQDC

Filed May 10, 2018 (most recent of 4 filings on file)

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Total assets (EOY)

$301.4M

-5.9% from 2016

Total participants

3,481

-29.6% from 2016

Average account balance

$99,771

+33.0% from 2016

Annual return

16.95%

+12.97 pp from 2016

Benchmarks

See 526 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort526 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$317.14M

Not enough data

1 years with asset history on file

Average account balance

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

$117K

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.

2,721

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.

89.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$18.23M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+13.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$146

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 3 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.5 years Service code 12 · EIN 27-2037969	Direct payment from the plan; Partici...	$423,969
MORGAN STANLEY SMITH BARNEY5 years Filed as: MORGAN STANLEY Service code 27 · EIN 13-2655998	Advisory (Plan)	$171,034
NEWPORT GROUP, INC.5 years Filed as: NEWPORT TRUST COMPANY Service code 12 · EIN 75-3182674	Account maintenance fees; Trustee (di...	$98,882

Plan features & details

Pension benefit codes2E2G2J3F3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$498K

$184 / participant

Contract admin$498K100.0%

% of EOY assets

0.165%

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: BAKER TILLY US, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$99,771

$110,699-9.9%

$177,839-43.9%

$90,274+10.5%

Participation rate

83.0%

88.3%-5.3pp

87.7%-4.7pp

73.4%+9.7pp

Annual return

16.95%

22.79%-5.8pp

48.33%-31.4pp

53.97%-37.0pp

Employer contribution / active EE

$3,309

$4,118-19.7%

$5,919-44.1%

$2,523+31.1%

Participant deferral / active EE

$3,822

$6,731-43.2%

$7,714-50.4%

$4,231-9.6%

Admin fee / account holder

$165

$90+83.2%

$12,432-98.7%

$114+44.6%

Provider

Service type

Compensation

NEWPORT GROUP, INC.5 years

Service code 12 · EIN 27-2037969

Direct payment from the plan; Partici...

$423,969

MORGAN STANLEY SMITH BARNEY5 years

Filed as: MORGAN STANLEY

Service code 27 · EIN 13-2655998

Advisory (Plan)

$171,034

NEWPORT GROUP, INC.5 years

Filed as: NEWPORT TRUST COMPANY

Service code 12 · EIN 75-3182674

Account maintenance fees; Trustee (di...

$98,882

WPS 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WPS 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

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