Retirement plan

WPS BARGAINING UNIT EMPLOYEES 401(K) PLAN

Name: WISCONSIN PHYSICIANS SERVICE INSURANCE CORPORATION - WPS BARGAINING UNIT EMPLOYEES 401(K) PLAN (2017) Form 5500
Creator: WISCONSIN PHYSICIANS SERVICE INSURANCE CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WPS BARGAINING UNIT EMPLOYEES 401(K) PLAN, WISCONSIN PHYSICIANS SERVICE INSURANCE CORPORATION

WISCONSIN PHYSICIANS SERVICE INSURANCE CORPORATIONEIN 39-1268299Plan #012PY 2017

1751 WEST BROADWAY - MADISON, WI 53713608-977-6801LinkedIn1-10 employeesinsurance

Other plans on this EIN

2 filings

#003Retirement-$375.3M assets #002Retirement-$237.2M assets

Prospect flagsLow assets / participantLow 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)

$16.3M

-12.0% from 2016

Total participants

792

+9.5% from 2016

Average account balance

$27,106

-19.5% from 2016

Annual return

14.94%

-9.50 pp from 2016

Benchmarks

See 1,453 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,453 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.43M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

427

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.

79.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.24M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$151

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
NEWPORT GROUP, INC.2 years Service code 12 · EIN 27-2037969	Claims processing; Direct payment fro...	$69,298
MORGAN STANLEY SMITH BARNEY3+ years Service code 27 411 E. WISCONSIN AVENUE · MILWAUKEE, WI 53202	Advisory (Plan)	$26,662
GRANT THORNTON LLP1 year Filed as: GRANT THORNTON, LLP Service code 10 · EIN 36-6055558	Accounting	$17,380
NEWPORT GROUP, INC.2 years Filed as: NEWPORT TRUST COMPANY Service code 12 · EIN 27-4411131	Trustee (bank, trust company, or simi...	$9,737

Plan features & details

Pension benefit codes2E2G2J2K3H2T2F

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.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$115K

$179 / participant

Investment mgmt$28K24.5%
Contract admin$69K60.1%
Other / not subdivided$18K15.4%

% of EOY assets

0.706%

all-in expense ratio

Categories reported

2 / 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: GRANT THORNTON, LLP
Auditor EIN: 366055558
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,106

$81,537-66.8%

$149,721-81.9%

$69,634-61.1%

Participation rate

70.5%

86.1%-15.7pp

87.1%-16.6pp

70.7%-0.2pp

Annual return

14.94%

22.79%-7.8pp

1501.67%-1486.7pp

27572.26%-27557.3pp

Employer contribution / active EE

$1,292

$3,239-60.1%

$5,444-76.3%

$2,032-36.4%

Participant deferral / active EE

$1,358

$4,994-72.8%

$6,568-79.3%

$3,224-57.9%

Admin fee / account holder

$191

$107+79.1%

$11,282-98.3%

$110+73.3%

Provider

Service type

Compensation

NEWPORT GROUP, INC.2 years

Service code 12 · EIN 27-2037969

Claims processing; Direct payment fro...

$69,298

MORGAN STANLEY SMITH BARNEY3+ years

Service code 27

411 E. WISCONSIN AVENUE · MILWAUKEE, WI 53202

Advisory (Plan)

$26,662

GRANT THORNTON LLP1 year

Filed as: GRANT THORNTON, LLP

Service code 10 · EIN 36-6055558

Accounting

$17,380

NEWPORT GROUP, INC.2 years

Filed as: NEWPORT TRUST COMPANY

Service code 12 · EIN 27-4411131

Trustee (bank, trust company, or simi...

$9,737

WPS BARGAINING UNIT EMPLOYEES 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WPS BARGAINING UNIT EMPLOYEES 401(K) 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