Retirement plan

BADGER LIQUOR CO., INC. EMPLOYEES' PROFIT SHARING, SAVINGS & INVESTMENT PLAN

Name: BADGER LIQUOR CO., INC. - BADGER LIQUOR CO., INC. EMPLOYEES' PROFIT SHARING, SAVINGS & INVESTMENT PLAN (2021) Form 5500
Creator: BADGER LIQUOR CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BADGER LIQUOR CO., INC. EMPLOYEES' PROFIT SHARING, SAVINGS & INVESTMENT PLAN, BADGER LIQUOR CO., INC.

BADGER LIQUOR CO., INC.EIN 39-6080278Plan #003PY 2021

850 MORRIS STREET, P.O. BOX 1137 - FOND DU LAC, WI 549361137920-923-8160badgerliquor.comLinkedIn201-500 employeeswine and spirits

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$74.3M

+8.1% from 2020

Total participants

598

-9.4% from 2020

Average account balance

$132,955

+4.7% from 2020

Annual return

16.19%

-0.64 pp from 2020

Benchmarks

See 1,276 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,276 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$73.60M

Not enough data

1 years with asset history on file

Average account balance

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

$135K

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.

545

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.

88.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.54M

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

+15.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$566

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 4 by compensation

Provider	Service type	Compensation
NYHART7+ years Service code 15 · EIN 35-0966414	Recordkeeping	$137,262
NATIONAL EXCHANGE BANK AND TRUST7+ years Service code 21 · EIN 39-0493676	Bank Trustee	$75,000
FIDELITY INVESTMENTS INSTITUTIONAL7+ years Filed as: FIDELITY INVESTMENTS Service code 15 P.O. BOX 770002 · CINCINNATI, OH 452778009	Recordkeeping	$27,714
JP MORGAN INVESTMENT MANAGEMENT INC1 year Filed as: RUSSELL INVESTMENT MANAGEMENT Service code 26 3 BRYANT PARK, 14TH FLOOR · NEW YORK, NY 10036	Advisory (Participants)	$8,935

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$222K

$522 / participant

Investment mgmt$9K4.0%
Other / not subdivided$213K96.0%

% of EOY assets

0.299%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$132,955

$86,225+54.2%

$146,647-9.3%

$86,821+53.1%

Participation rate

90.8%

78.0%+12.9pp

80.1%+10.8pp

72.3%+18.6pp

Annual return

16.19%

31.23%-15.0pp

22.75%-6.6pp

97.94%-81.7pp

Employer contribution / active EE

$2,982

$2,392+24.7%

$4,137-27.9%

$2,406+23.9%

Participant deferral / active EE

$6,086

$4,245+43.4%

$5,506+10.5%

$4,132+47.3%

Admin fee / account holder

$398

$195+103.6%

$10,281-96.1%

$170+134.5%

Provider

Service type

Compensation

NYHART7+ years

Service code 15 · EIN 35-0966414

Recordkeeping

$137,262

NATIONAL EXCHANGE BANK AND TRUST7+ years

Service code 21 · EIN 39-0493676

Bank Trustee

$75,000

FIDELITY INVESTMENTS INSTITUTIONAL7+ years

Filed as: FIDELITY INVESTMENTS

Service code 15

P.O. BOX 770002 · CINCINNATI, OH 452778009

Recordkeeping

$27,714

JP MORGAN INVESTMENT MANAGEMENT INC1 year

Filed as: RUSSELL INVESTMENT MANAGEMENT

Service code 26

3 BRYANT PARK, 14TH FLOOR · NEW YORK, NY 10036

Advisory (Participants)

$8,935

BADGER LIQUOR CO., INC. EMPLOYEES' PROFIT SHARING, SAVINGS & INVESTMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BADGER LIQUOR CO., INC. EMPLOYEES' PROFIT SHARING, SAVINGS & INVESTMENT 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