Retirement plan

VER HALEN, INC. PROFIT SHARING & SALARY SAVINGS PLAN & TRUST

Name: VER HALEN, INC. - VER HALEN, INC. PROFIT SHARING & SALARY SAVINGS PLAN & TRUST (2021) Form 5500
Creator: VER HALEN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VER HALEN, INC. PROFIT SHARING & SALARY SAVINGS PLAN & TRUST, VER HALEN, INC.

VER HALEN, INC.EIN 39-1373244Plan #002PY 2021

500 PILGRIM WAY - GREEN BAY, WI 54304920-431-8928

Prospect flagsHigh feesFailed to transmit contributions

Top hat statement on fileNQDC

Filed March 24, 2006

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$23.1M

+10.4% from 2020

Total participants

203

-11.4% from 2020

Average account balance

$113,646

+21.3% from 2020

Annual return

14.65%

-2.67 pp from 2020

Benchmarks

See 2,250 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,250 peers

Snapshot2021

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Analytics

Total assets (EOY)

Plan-year ending balance

$23.54M

Not enough data

1 years with asset history on file

Average account balance

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

$128K

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.

184

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.

95.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.25M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+14.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$513

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 6 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY DOMESTIC HOLDINGS Service code 21 · EIN 20-8764829	Bank Trustee	$53,260
AMERICAN UNITED LIFE INSURANCE CO7+ years Filed as: ONEAMERICA RETIREMENT SERVICES LLC Service code 15 · EIN 46-5378846	Recordkeeping	$37,246
BMO HARRIS BANK NA7+ years Service code 19 · EIN 36-2085229	Securities Custodian	$0
BMO HARRIS BANK NA6 years Filed as: BMO HARRIS BANK, NA Service code 19	Securities Custodian	$0
MATRIX TRUST COMPANY1 year Service code 19 · EIN 75-3182674	Securities Custodian	$0
AMERICAN UNITED LIFE INSURANCE CO1 year Filed as: ONEAMERICA RETIREMENT SERVICES Service code 19	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
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.

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

$91K

$573 / participant

Investment mgmt$53K58.8%
Other / not subdivided$37K41.2%

% of EOY assets

0.392%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: WIPFLI LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$113,646

$93,182+22.0%

$146,665-22.5%

$79,386+43.2%

Participation rate

100.0%

76.4%+23.6pp

80.1%+19.9pp

70.7%+29.3pp

Annual return

14.65%

21.61%-7.0pp

22.74%-8.1pp

116.85%-102.2pp

Employer contribution / active EE

$4,833

$2,420+99.7%

$4,136+16.8%

$2,427+99.1%

Participant deferral / active EE

$7,243

$4,169+73.7%

$5,506+31.6%

$4,046+79.0%

Admin fee / account holder

$446

$585-23.8%

$10,280-95.7%

$626-28.8%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY DOMESTIC HOLDINGS

Service code 21 · EIN 20-8764829

Bank Trustee

$53,260

AMERICAN UNITED LIFE INSURANCE CO7+ years

Filed as: ONEAMERICA RETIREMENT SERVICES LLC

Service code 15 · EIN 46-5378846

Recordkeeping

$37,246

BMO HARRIS BANK NA7+ years

Service code 19 · EIN 36-2085229

Securities Custodian

BMO HARRIS BANK NA6 years

Filed as: BMO HARRIS BANK, NA

Service code 19

Securities Custodian

MATRIX TRUST COMPANY1 year

Service code 19 · EIN 75-3182674

Securities Custodian

AMERICAN UNITED LIFE INSURANCE CO1 year

Filed as: ONEAMERICA RETIREMENT SERVICES

Service code 19

Securities Custodian

VER HALEN, INC. PROFIT SHARING & SALARY SAVINGS PLAN & TRUST

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VER HALEN, INC. PROFIT SHARING & SALARY SAVINGS PLAN & TRUST

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