Retirement plan

CURRENT ELECTRIC 401(K) PROFIT SHARING PLAN & TRUST

Name: CURRENT ELECTRIC - CURRENT ELECTRIC 401(K) PROFIT SHARING PLAN & TRUST (2022) Form 5500
Creator: CURRENT ELECTRIC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CURRENT ELECTRIC 401(K) PROFIT SHARING PLAN & TRUST, CURRENT ELECTRIC

CURRENT ELECTRICEIN 39-2013464Plan #001PY 2022

2942 N. 117TH ST. - WAUWATOSA, WI 53222262-786-5885currentelectricco.comLinkedIn51-200 employeesconstruction

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$2.8M

-2.4% from 2021

Total participants

144

+6.7% from 2021

Average account balance

$32,502

-10.3% from 2021

Annual return

-15.82%

-35.84 pp from 2021

Benchmarks

See 2,998 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,998 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.37M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

120.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$621K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+14.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6194

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

Top 1 by compensation

Provider	Service type	Compensation
WEALTH ENHANCEMENT ADVISORY SE2 years Filed as: WEALTH ENHANCEMENT ADVISORY LLC Service code 26 · EIN 41-2016508	Advisory (Participants)	$12,509

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$14K

$110 / participant

Investment mgmt$13K89.9%
Contract admin$1K10.1%

% of EOY assets

0.498%

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: VRAKAS S.C.
Auditor EIN: 391453055
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,502

$64,176-49.4%

$112,263-71.0%

$66,949-51.5%

Participation rate

54.0%

68.4%-14.5pp

75.1%-21.1pp

69.8%-15.9pp

Annual return

-15.82%

-13.80%-2.0pp

27.49%-43.3pp

1.57%-17.4pp

Employer contribution / active EE

$1,416

$3,007-52.9%

$3,636-61.0%

$2,545-44.4%

Participant deferral / active EE

$2,801

$3,694-24.2%

$4,729-40.8%

$4,239-33.9%

Admin fee / account holder

$162

$626-74.1%

$6,410-97.5%

$594-72.7%

Provider

Service type

Compensation

WEALTH ENHANCEMENT ADVISORY SE2 years

Filed as: WEALTH ENHANCEMENT ADVISORY LLC

Service code 26 · EIN 41-2016508

Advisory (Participants)

$12,509

CURRENT ELECTRIC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CURRENT ELECTRIC 401(K) PROFIT SHARING PLAN & TRUST

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