Retirement plan

BAY FAMILY OF COMPANIES 401K PLAN

Name: AWS/GB CORPORATION - BAY FAMILY OF COMPANIES 401K PLAN (2023) Form 5500
Creator: AWS/GB CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BAY FAMILY OF COMPANIES 401K PLAN, AWS/GB CORPORATION

AWS/GB CORPORATIONEIN 39-1568809Plan #001PY 2023

P.O. BOX 9229 - GREEN BAY, WI 543088005920-406-4000

Prospect flagsHigh feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$70.1M

+19.1% from 2022

Total participants

928

+2.9% from 2022

Average account balance

$124,660

+20.5% from 2022

Annual return

20.55%

+40.74 pp from 2022

Benchmarks

See 1,153 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,153 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$80.07M

Not enough data

1 years with asset history on file

Average account balance

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

$136K

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.

590

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.

52.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.49M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+16.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$382

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 2 by compensation

Provider	Service type	Compensation
ASSOCIATED TRUST COMPANY, N.A.9+ years Service code 15 · EIN 30-0219031	Recordkeeping	$206,470
WIPFLI LLP9+ years Service code 10 · EIN 39-0758449	Accounting	$9,500

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$216K

$273 / participant

Recordkeeping$13K6.1%
Investment mgmt$193K89.5%
Other / not subdivided$10K4.4%

% of EOY assets

0.308%

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: WIPFLI LLP
Auditor EIN: 390758449
Audit fees: $9,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$124,660

$84,784+47.0%

$98,462+26.6%

$74,473+67.4%

Participation rate

53.7%

81.5%-27.9pp

75.2%-21.5pp

70.7%-17.1pp

Annual return

20.55%

20.59%0pp

21.17%-0.6pp

34.36%-13.8pp

Employer contribution / active EE

$1,951

$3,364-42.0%

$3,049-36.0%

$2,638-26.0%

Participant deferral / active EE

$3,789

$5,218-27.4%

$4,738-20.0%

$4,530-16.3%

Admin fee / account holder

$384

$204+87.9%

$8,875-95.7%

$347+10.7%

Provider

Service type

Compensation

ASSOCIATED TRUST COMPANY, N.A.9+ years

Service code 15 · EIN 30-0219031

Recordkeeping

$206,470

WIPFLI LLP9+ years

Service code 10 · EIN 39-0758449

Accounting

$9,500

BAY FAMILY OF COMPANIES 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BAY FAMILY OF COMPANIES 401K 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