Retirement plan

WINONA FOODS, INC. SAVINGS & RETIREMENT PLAN

Name: WINONA FOODS INC. - WINONA FOODS, INC. SAVINGS & RETIREMENT PLAN (2023) Form 5500
Creator: WINONA FOODS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WINONA FOODS, INC. SAVINGS & RETIREMENT PLAN, WINONA FOODS INC.

WINONA FOODS INC.EIN 39-1835095Plan #001PY 2023

1552 LINEVILLE ROAD - GREEN BAY, WI 54313920-593-6207winonafoods.comLinkedIn201-500 employeesfood & beverages

Prospect flagsHigh cashLow assets / participant

How to read this page

Total assets (EOY)

$12.3M

+28.5% from 2022

Total participants

439

-1.3% from 2022

Average account balance

$31,038

+22.7% from 2022

Annual return

17.55%

+33.61 pp from 2022

Benchmarks

See 1,359 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,359 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.24M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

353

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.

91.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.93M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+16.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$154

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
NICOLET NATIONAL BANK1 year Service code 10 111 N. WASHINGTON ST · GREEN BAY, WI 54301	Accounting	$39,480
ALERUS FINANCIAL, N.A.2 years Service code 15 · EIN 45-6062081	Recordkeeping	$8,818

Plan features & details

Pension benefit codes2E2G2F2J2K3D2T

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.
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 cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$48K

$140 / participant

Contract admin$48K100.0%

% of EOY assets

0.393%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,038

$91,394-66.0%

$130,026-76.1%

$74,440-58.3%

Participation rate

87.5%

77.8%+9.7pp

78.5%+9.0pp

70.7%+16.8pp

Annual return

17.55%

23.20%-5.7pp

-137.26%+154.8pp

34.37%-16.8pp

Employer contribution / active EE

$2,341

$2,565-8.7%

$4,321-45.8%

$2,638-11.3%

Participant deferral / active EE

$3,354

$4,721-29.0%

$5,821-42.4%

$4,529-25.9%

Admin fee / account holder

$122

$284-57.0%

$10,608-98.9%

$348-64.9%

Provider

Service type

Compensation

NICOLET NATIONAL BANK1 year

Service code 10

111 N. WASHINGTON ST · GREEN BAY, WI 54301

Accounting

$39,480

ALERUS FINANCIAL, N.A.2 years

Service code 15 · EIN 45-6062081

Recordkeeping

$8,818

WINONA FOODS, INC. SAVINGS & RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WINONA FOODS, INC. SAVINGS & RETIREMENT 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