Retirement plan

WISCONSIN SHEET METAL WORKERS 401(K) PROFIT SHARING PLAN

Name: BOARD OF TRUSTEES OF THE WISCONSIN SHEET - WISCONSIN SHEET METAL WORKERS 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: BOARD OF TRUSTEES OF THE WISCONSIN SHEET
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WISCONSIN SHEET METAL WORKERS 401(K) PROFIT SHARING PLAN, BOARD OF TRUSTEES OF THE WISCONSIN SHEET

BOARD OF TRUSTEES OF THE WISCONSIN SHEETdba METAL WORKERS 401(K) PROFIT SHARING PLANEIN 39-1965830Plan #001PY 2023

2201 SPRINGDALE ROAD - WAUKESHA, WI 531862855262-798-1838

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$54.9M

+20.3% from 2022

Total participants

1,167

+7.2% from 2022

Average account balance

$48,203

+13.5% from 2022

Annual return

17.76%

+35.97 pp from 2022

Benchmarks

See 1,502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,502 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$61.37M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

1,202

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.

94.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.66M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$205

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 6 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.9+ years Service code 21 · EIN 91-0675641	Bank Trustee	$97,367
REINHART BOERNER VAN DEUREN S.C.9+ years Filed as: REINHART BOERNER VAN DEUREN SC Service code 29 · EIN 39-1126909	Legal	$63,702
ANDCO CONSULTING6 years Filed as: ANDCO CONSULTING LLC Service code 16 · EIN 59-3676225	Consulting	$23,500
BENEFIT PLAN ADMINISTRATORS9+ years Filed as: BENEFIT PLAN ADMINISTRATION Service code 13 · EIN 39-1401001	Contract Administrator	$22,370
SIKICH LLP4 years Service code 10 · EIN 36-3168081	Accounting	$14,130
MATRIX TRUST COMPANY7 years Service code 21 · EIN 75-3182674	Bank Trustee	$7,773

Plan features & details

Pension benefit codes2E2F2G2J2S2T

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.
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.

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$252K

$254 / participant

Recordkeeping$97K38.6%
Trustee / custodial$8K3.1%
Investment mgmt$24K9.3%
Legal$64K25.2%
Contract admin$22K8.9%
Other / not subdivided$37K14.8%

% of EOY assets

0.460%

all-in expense ratio

Categories reported

5 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SIKICH CPA LLC
Auditor EIN: 541172176
Audit fees: $14,130
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,203

$93,010-48.2%

$96,515-50.1%

$74,460-35.3%

Participation rate

97.1%

71.6%+25.5pp

74.3%+22.7pp

70.7%+26.3pp

Annual return

17.76%

37.50%-19.7pp

35.73%-18.0pp

34.38%-16.6pp

Employer contribution / active EE

$3,427-100.0%

$3,740-100.0%

$2,638-100.0%

Participant deferral / active EE

$3,615

$3,971-9.0%

$4,880-25.9%

$4,530-20.2%

Admin fee / account holder

$222

$633-65.0%

$6,735-96.7%

$348-36.3%

Provider

Service type

Compensation

MILLIMAN, INC.9+ years

Service code 21 · EIN 91-0675641

Bank Trustee

$97,367

REINHART BOERNER VAN DEUREN S.C.9+ years

Filed as: REINHART BOERNER VAN DEUREN SC

Service code 29 · EIN 39-1126909

Legal

$63,702

ANDCO CONSULTING6 years

Filed as: ANDCO CONSULTING LLC

Service code 16 · EIN 59-3676225

Consulting

$23,500

BENEFIT PLAN ADMINISTRATORS9+ years

Filed as: BENEFIT PLAN ADMINISTRATION

Service code 13 · EIN 39-1401001

Contract Administrator

$22,370

SIKICH LLP4 years

Service code 10 · EIN 36-3168081

Accounting

$14,130

MATRIX TRUST COMPANY7 years

Service code 21 · EIN 75-3182674

Bank Trustee

$7,773

WISCONSIN SHEET METAL WORKERS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WISCONSIN SHEET METAL WORKERS 401(K) 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