Retirement plan

ST. CLOUD REFRIGERATION COMPANY PROFIT SHARING 401(K) PLAN

Name: ST. CLOUD REFRIGERATION COMPANY - ST. CLOUD REFRIGERATION COMPANY PROFIT SHARING 401(K) PLAN (2020) Form 5500
Creator: ST. CLOUD REFRIGERATION COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ST. CLOUD REFRIGERATION COMPANY PROFIT SHARING 401(K) PLAN, ST. CLOUD REFRIGERATION COMPANY

ST. CLOUD REFRIGERATION COMPANYEIN 41-0802798Plan #002PY 2020

604 LINCOLN AVENUE NE - ST. CLOUD, MN 56304320-251-6861LinkedIn51-200 employeesindividual & family services

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$40.2M

+18.9% from 2019

Total participants

230

+8.5% from 2019

Average account balance

$175,565

+9.6% from 2019

Annual return

15.43%

-5.67 pp from 2019

Benchmarks

See 2,939 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,939 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$49.86M

Not enough data

1 years with asset history on file

Average account balance

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

$165K

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.

303

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.

96.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+11.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$603

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
UBS FINANCIAL SERVICES INC3 years Service code 27 315 DEADERICK ST · NASHVILLE, TN 37238	Advisory (Plan)	$68,189
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$51,765
MILLER, WELLE, HEISER & CO, LTD6+ years Service code 10 4170 THIELMAN LN SUITE 101 · ST. CLOUD, MN 56302	Accounting	$5,700
GREAT-WEST LIFE & ANNUITY INSURANCE6+ years Filed as: GREAT-WEST LIFE & ANNUITY COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3H

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$126K

$748 / participant

Investment mgmt$120K95.5%
Other / not subdivided$6K4.5%

% of EOY assets

0.313%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MILLER WELLE HEISER & CO., LTD
Auditor EIN: 411334380
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$175,565

$69,383+153.0%

$101,271+73.4%

$73,493+138.9%

Participation rate

99.4%

68.4%+31.0pp

75.8%+23.6pp

70.7%+28.7pp

Annual return

15.43%

18.46%-3.0pp

46.48%-31.1pp

28.51%-13.1pp

Employer contribution / active EE

$8,142

$2,628+209.8%

$3,660+122.4%

$2,270+258.7%

Participant deferral / active EE

$5,801

$3,301+75.7%

$4,371+32.7%

$3,740+55.1%

Admin fee / account holder

$549

$704-22.0%

$5,948-90.8%

$513+6.9%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC3 years

Service code 27

315 DEADERICK ST · NASHVILLE, TN 37238

Advisory (Plan)

$68,189

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$51,765

MILLER, WELLE, HEISER & CO, LTD6+ years

Service code 10

4170 THIELMAN LN SUITE 101 · ST. CLOUD, MN 56302

Accounting

$5,700

GREAT-WEST LIFE & ANNUITY INSURANCE6+ years

Filed as: GREAT-WEST LIFE & ANNUITY COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

ST. CLOUD REFRIGERATION COMPANY PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ST. CLOUD REFRIGERATION COMPANY PROFIT SHARING 401(K) 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