Retirement plan

WISCONSIN VISION ASSOCIATES, INC. 401K PROFIT SHARING PLAN

Name: WISCONSIN VISION ASSOCIATES, INC. - WISCONSIN VISION ASSOCIATES, INC. 401K PROFIT SHARING PLAN (2023) Form 5500
Creator: WISCONSIN VISION ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WISCONSIN VISION ASSOCIATES, INC. 401K PROFIT SHARING PLAN, WISCONSIN VISION ASSOCIATES, INC.

WISCONSIN VISION ASSOCIATES, INC.EIN 39-1418138Plan #001PY 2023

35263 W. STATE STREET - BURLINGTON, WI 53105262-763-0100

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$23.2M

+30.5% from 2022

Total participants

332

-3.8% from 2022

Average account balance

$79,133

+32.8% from 2022

Annual return

18.78%

+34.30 pp from 2022

Benchmarks

See 4,038 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,038 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.14M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

321

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.

84.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.14M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+14.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$273

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 3 by compensation

Provider	Service type	Compensation
WEALTH MANAGEMENT SYSTEMS INC3 years Filed as: WEALTH ENHANCEMENT GROUP Service code 26 505 HIGHWAY 169 N · PLYMOUTH, MN 554414723	Advisory (Participants)	$38,461
NEWPORT GROUP, INC.4 years Service code 13 · EIN 27-2037969	Contract Administrator	$21,517
NEWPORT GROUP, INC.4 years Filed as: NEWPORT TRUST COMPANY Service code 18 · EIN 27-4411131	Trustee (discretionary); Custodial (o...	$7,839

Plan features & details

Pension benefit codes2E2F2G2J2K2R3D3H

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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$68K

$221 / participant

Recordkeeping$21K30.8%
Trustee / custodial$8K11.6%
Investment mgmt$38K56.7%
Contract admin$6551.0%

% of EOY assets

0.292%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: VRAKAS ADVISORS LLC
Auditor EIN: 831819454
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$79,133

$47,163+67.8%

$149,696-47.1%

$74,460+6.3%

Participation rate

87.3%

63.4%+23.9pp

78.8%+8.5pp

70.7%+16.5pp

Annual return

18.78%

22.75%-4.0pp

134.46%-115.7pp

34.38%-15.6pp

Employer contribution / active EE

$2,974

$1,907+56.0%

$4,821-38.3%

$2,638+12.7%

Participant deferral / active EE

$6,099

$2,730+123.4%

$5,682+7.3%

$4,530+34.6%

Admin fee / account holder

$231

$343-32.5%

$13,212-98.2%

$348-33.5%

Provider

Service type

Compensation

WEALTH MANAGEMENT SYSTEMS INC3 years

Filed as: WEALTH ENHANCEMENT GROUP

Service code 26

505 HIGHWAY 169 N · PLYMOUTH, MN 554414723

Advisory (Participants)

$38,461

NEWPORT GROUP, INC.4 years

Service code 13 · EIN 27-2037969

Contract Administrator

$21,517

NEWPORT GROUP, INC.4 years

Filed as: NEWPORT TRUST COMPANY

Service code 18 · EIN 27-4411131

Trustee (discretionary); Custodial (o...

$7,839

WISCONSIN VISION ASSOCIATES, INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WISCONSIN VISION ASSOCIATES, INC. 401K PROFIT SHARING 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