Retirement plan

J.B. WAGMAN SALES, INC. PROFIT SHARING PLAN

Name: J. B. WAGMAN SALES, INC. - J.B. WAGMAN SALES, INC. PROFIT SHARING PLAN (2023) Form 5500
Creator: J. B. WAGMAN SALES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, J.B. WAGMAN SALES, INC. PROFIT SHARING PLAN, J. B. WAGMAN SALES, INC.

J. B. WAGMAN SALES, INC.EIN 39-1503652Plan #002PY 2023

3042 BOSSHARD DRIVE - FITCHBURG, WI 53711608-274-8299LinkedIn1-10 employeesindividual & family services

Other plans on this EIN

1 filing

#001Retirement-$848K assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$887K

+21.8% from 2022

Total participants

0.0% from 2022

Average account balance

$443,393

+21.8% from 2022

Annual return

21.81%

+46.27 pp from 2022

Benchmarks

See 18,470 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort18,470 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$996K

Not enough data

1 years with asset history on file

Average account balance

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

$498K

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.

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3310

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G

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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$6K

$2806 / participant

Other / not subdivided$6K100.0%

% of EOY assets

0.633%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$443,393

$96,419+359.9%

$80,648+449.8%

$139,487+217.9%

Participation rate

100.0%

73.6%+26.4pp

67.0%+33.0pp

80.3%+19.7pp

Annual return

21.81%

1352.86%-1331.0pp

937.21%-915.4pp

373.84%-352.0pp

Employer contribution / active EE

$3,261-100.0%

$2,724-100.0%

$4,755-100.0%

Participant deferral / active EE

$5,225-100.0%

$4,443-100.0%

$6,713-100.0%

Admin fee / account holder

$2,806

$6,605-57.5%

$5,382-47.9%

$11,407-75.4%

J.B. WAGMAN SALES, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

J.B. WAGMAN SALES, INC. 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