Retirement plan

WPS BARGAINING UNIT EMPLOYEES 401K PLAN

Name: WISCONSIN PHYSICIANS SERVICE INSURANCE CORPORATION - WPS BARGAINING UNIT EMPLOYEES 401K PLAN (2021) 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 401K PLAN, WISCONSIN PHYSICIANS SERVICE INSURANCE CORPORATION

WISCONSIN PHYSICIANS SERVICE INSURANCE CORPORATIONEIN 39-1268299Plan #012PY 2021

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

Other plans on this EIN

2 filings

#003Retirement-$437.9M assets #002Retirement-$326.6M 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)

$23.4M

-12.0% from 2016

Total participants

559

+9.5% from 2016

Average account balance

$45,009

-19.5% from 2016

Annual return

14.12%

-9.50 pp from 2016

Benchmarks

See 1,509 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,509 peers

Snapshot2021

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 3 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.6 years Service code 13 · EIN 27-2037969	Contract Administrator	$72,135
MORGAN STANLEY SMITH BARNEY7+ years Service code 27 411 E. WISCONSIN AVENUE · MILWAUKEE, WI 53202	Advisory (Plan)	$35,286
NEWPORT GROUP, INC.6 years Filed as: NEWPORT TRUST COMPANY Service code 12 · EIN 27-4411131	Custodial (securities); Trustee (dire...	$11,892

Plan features & details

Pension benefit codes2E2F2G2J3H

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.
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

$119K

$317 / participant

Investment mgmt$35K29.6%
Contract admin$72K60.5%
Other / not subdivided$12K10.0%

% of EOY assets

0.509%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,009

$111,491-59.6%

$189,534-76.3%

$86,828-48.2%

Participation rate

89.9%

87.3%+2.6pp

87.8%+2.1pp

72.3%+17.6pp

Annual return

14.12%

83.50%-69.4pp

555.39%-541.3pp

97.95%-83.8pp

Employer contribution / active EE

$1,662

$3,951-57.9%

$6,162-73.0%

$2,406-30.9%

Participant deferral / active EE

$2,187

$6,437-66.0%

$8,220-73.4%

$4,132-47.1%

Admin fee / account holder

$229

$189+21.4%

$12,049-98.1%

$170+35.0%

Provider

Service type

Compensation

NEWPORT GROUP, INC.6 years

Service code 13 · EIN 27-2037969

Contract Administrator

$72,135

MORGAN STANLEY SMITH BARNEY7+ years

Service code 27

411 E. WISCONSIN AVENUE · MILWAUKEE, WI 53202

Advisory (Plan)

$35,286

NEWPORT GROUP, INC.6 years

Filed as: NEWPORT TRUST COMPANY

Service code 12 · EIN 27-4411131

Custodial (securities); Trustee (dire...

$11,892

WPS BARGAINING UNIT EMPLOYEES 401K 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 401K 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