Retirement plan

WISCONSIN WOMEN'S BUSINESS INITIATIVE CORP TAX DEFERRED ANNUITY PLAN

Name: WISCONSIN WOMEN'S BUSINESS INITIATIVE CORP - WISCONSIN WOMEN'S BUSINESS INITIATIVE CORP TAX DEFERRED ANNUITY PLAN (2022) Form 5500
Creator: WISCONSIN WOMEN'S BUSINESS INITIATIVE CORP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WISCONSIN WOMEN'S BUSINESS INITIATIVE CORP TAX DEFERRED ANNUITY PLAN, WISCONSIN WOMEN'S BUSINESS INITIATIVE CORP

WISCONSIN WOMEN'S BUSINESS INITIATIVE CORPEIN 39-1597954Plan #001PY 2022

1533 RIVERCENTER DRIVE - MILWAUKEE, WI 532123913414-263-5450

Prospect flagsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$2.3M

-12.8% from 2021

Total participants

123

+3.4% from 2021

Average account balance

$20,071

-32.9% from 2021

Annual return

-11.50%

-24.39 pp from 2021

Benchmarks

See 27,998 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort27,998 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.66M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

135

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

$445K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+10.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$218

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

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 codes2F2G2L2M2T3D2S

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$382K

$6579 / participant

Other / not subdivided$382K100.0%

% of EOY assets

16.250%

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

$20,071

$82,678-75.7%

$125,391-84.0%

$68,490-70.7%

Participation rate

89.7%

75.1%+14.6pp

82.4%+7.3pp

67.9%+21.8pp

Annual return

-11.50%

-5.97%-5.5pp

572.41%-583.9pp

-7.85%-3.6pp

Employer contribution / active EE

$2,574

$3,382-23.9%

$4,816-46.6%

$2,597-0.9%

Participant deferral / active EE

$2,789

$6,111-54.4%

$7,448-62.6%

$4,028-30.8%

Admin fee / account holder

$3,262

$6,277-48.0%

$10,009-67.4%

$5,403-39.6%

WISCONSIN WOMEN'S BUSINESS INITIATIVE CORP TAX DEFERRED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WISCONSIN WOMEN'S BUSINESS INITIATIVE CORP TAX DEFERRED ANNUITY 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