Retirement plan

WIKSTROM TELEPHONE COMPANY, INCORPORATED PROFIT SHARING PLAN

Name: WIKSTROM TELEPHONE COMPANY, INCORPORATED - WIKSTROM TELEPHONE COMPANY, INCORPORATED PROFIT SHARING PLAN (2017) Form 5500
Creator: WIKSTROM TELEPHONE COMPANY, INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WIKSTROM TELEPHONE COMPANY, INCORPORATED PROFIT SHARING PLAN, WIKSTROM TELEPHONE COMPANY, INCORPORATED

WIKSTROM TELEPHONE COMPANY, INCORPORATEDEIN 41-0781440Plan #002PY 2017

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

Prospect flagsHigh feesHigh assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$13.4M

+10.0% from 2016

Total participants

0.0% from 2016

Average account balance

$326,927

+10.0% from 2016

Annual return

17.48%

+7.42 pp from 2016

Benchmarks

See 2,904 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort2,904 peers

Snapshot2017

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

3 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.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$1.2M

$29676 / participant

Other / not subdivided$1M100.0%

% of EOY assets

9.077%

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

$326,927

$64,348+408.1%

$90,162+262.6%

$70,131+366.2%

Participation rate

97.6%

70.4%+27.1pp

76.9%+20.7pp

69.5%+28.0pp

Annual return

17.48%

28.13%-10.7pp

34.88%-17.4pp

73.14%-55.7pp

Employer contribution / active EE

$6,460

$2,046+215.8%

$3,318+94.7%

$2,342+175.8%

Participant deferral / active EE

$1,029

$4,389-76.5%

$5,287-80.5%

$3,332-69.1%

Admin fee / account holder

$29,676

$3,944+652.5%

$5,943+399.4%

$4,645+538.8%

WIKSTROM TELEPHONE COMPANY, INCORPORATED PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WIKSTROM TELEPHONE COMPANY, INCORPORATED 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