Retirement plan

WIKSTROM TELEPHONE COMPANY, INC. 401(K) PROFIT SHARING PLAN

Name: WIKSTROM TELEPHONE COMPANY, INCORPORATED - WIKSTROM TELEPHONE COMPANY, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: WIKSTROM TELEPHONE COMPANY, INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WIKSTROM TELEPHONE COMPANY, INC. 401(K) PROFIT SHARING PLAN, WIKSTROM TELEPHONE COMPANY, INCORPORATED

WIKSTROM TELEPHONE COMPANY, INCORPORATEDEIN 41-0781440Plan #002PY 2024

212 S MAIN ST, P.O. BOX 217 - KARLSTAD, MN 567320217218-436-2121wiktel.comLinkedIn11-50 employeestelecommunications

Prospect flagsLow returnsHigh feesHigh assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$18.1M

+19.3% from 2023

Total participants

-2.0% from 2023

Average account balance

$377,283

+19.3% from 2023

Annual return

11.35%

-0.24 pp from 2023

Benchmarks

See 3,225 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort3,225 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.11M

Not enough data

1 years with asset history on file

Average account balance

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

$377K

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.

104.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.76M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$38K

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

+11.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12590

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

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 codes2E2F2G2J2R2T

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

4 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$604K

$13137 / participant

Other / not subdivided$604K100.0%

% of EOY assets

3.337%

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

$377,283

$77,492+386.9%

$100,398+275.8%

$80,911+366.3%

Participation rate

97.8%

76.9%+20.9pp

81.5%+16.3pp

67.6%+30.2pp

Annual return

11.35%

37.23%-25.9pp

49.32%-38.0pp

35.63%-24.3pp

Employer contribution / active EE

$37,846

$2,800+1251.5%

$3,946+859.1%

$2,756+1273.3%

Participant deferral / active EE

$417

$6,817-93.9%

$8,084-94.8%

$4,297-90.3%

Admin fee / account holder

$12,590

$5,892+113.7%

$7,893+59.5%

$6,935+81.5%

WIKSTROM TELEPHONE COMPANY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WIKSTROM TELEPHONE COMPANY, INC. 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