Retirement plan

WIPAIRE INC. PROFIT SHARING PLAN

Name: WIPAIRE INC. - WIPAIRE INC. PROFIT SHARING PLAN (2018) Form 5500
Creator: WIPAIRE INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WIPAIRE INC. PROFIT SHARING PLAN, WIPAIRE INC.

WIPAIRE INC.EIN 41-1240896Plan #001PY 2018

1700 HENRY AVENUE, FLEMING FIELD - SOUTH ST. PAUL, MN 55075651-306-0906wipaire.comLinkedIn51-200 employeesairlines/aviation

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed May 22, 2025

Plan administrator

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1700 HENRY AVENUE

SOUTH SAINT, MN 55075

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Plans declared (1)

Wipaire Long Term Incentive Plan4 emp

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How to read this page

Total assets (EOY)

$10.7M

-9.1% from 2017

Total participants

213

+0.9% from 2017

Average account balance

$53,821

-12.7% from 2017

Annual return

-6.69%

-24.66 pp from 2017

Benchmarks

See 4,210 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,210 peers

Snapshot2018

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Analytics

Total assets (EOY)

Plan-year ending balance

$23.09M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

261

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.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.40M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+14.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$361

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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
MCCREADY & KEENE INC.2 years Filed as: MCCREADY AND KEENE INC. Service code 15 · EIN 35-0500670	Recordkeeping	$59,720
AMERICAN UNITED LIFE INSURANCE CO1 year Filed as: ONEAMERICA RETIREMENT SERVICES LLC Service code 15 · EIN 46-5378846	Recordkeeping	$8,731
STRATEGIC ADVISORS, INC.1 year Filed as: STRATEGIC RETIREMENT PARTNERS Service code 16 20891 MONTEREY AVE · PRIOR LAKE, MN 55372	Consulting	$8,617
TD AMERITRADE, INC.3 years Filed as: TD AMERITRADE TRUST COMPANY Service code 18 · EIN 20-0937408	Trustee (bank, trust company, or simi...	$5,234
BMO HARRIS BANK NA1 year Filed as: BMO HARRIS BANK, N.A. Service code 19	Securities Custodian	$0
BMO HARRIS BANK NA1 year Filed as: BMO HARRIS BANK, NA Service code 19 · EIN 36-2085229	Securities Custodian	$0
AMERICAN UNITED LIFE INSURANCE CO1 year Filed as: ONEAMERICA RETIREMENT SERVICES, LLC Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H3J

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.
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)).
3J
U.S.-based Puerto Rico dual-qualified plan
U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.

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

$82K

$450 / participant

Contract admin$60K72.6%
Other / not subdivided$23K27.4%

% of EOY assets

0.768%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: GRANT THORNTON LLP
Auditor EIN: 366055558
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,821

$59,186-9.1%

$76,768-29.9%

$56,287-4.4%

Participation rate

92.3%

75.2%+17.1pp

77.0%+15.4pp

69.9%+22.5pp

Annual return

-6.69%

6.62%-13.3pp

2.43%-9.1pp

-9.96%+3.3pp

Employer contribution / active EE

$639

$1,759-63.6%

$2,485-74.3%

$2,111-69.7%

Participant deferral / active EE

$5,055

$3,255+55.3%

$3,852+31.2%

$3,350+50.9%

Admin fee / account holder

$414

$489-15.4%

$6,675-93.8%

$521-20.6%

Provider

Service type

Compensation

MCCREADY & KEENE INC.2 years

Filed as: MCCREADY AND KEENE INC.

Service code 15 · EIN 35-0500670

Recordkeeping

$59,720

AMERICAN UNITED LIFE INSURANCE CO1 year

Filed as: ONEAMERICA RETIREMENT SERVICES LLC

Service code 15 · EIN 46-5378846

Recordkeeping

$8,731

STRATEGIC ADVISORS, INC.1 year

Filed as: STRATEGIC RETIREMENT PARTNERS

Service code 16

20891 MONTEREY AVE · PRIOR LAKE, MN 55372

Consulting

$8,617

TD AMERITRADE, INC.3 years

Filed as: TD AMERITRADE TRUST COMPANY

Service code 18 · EIN 20-0937408

Trustee (bank, trust company, or simi...

$5,234

BMO HARRIS BANK NA1 year

Filed as: BMO HARRIS BANK, N.A.

Service code 19

Securities Custodian

BMO HARRIS BANK NA1 year

Filed as: BMO HARRIS BANK, NA

Service code 19 · EIN 36-2085229

Securities Custodian

AMERICAN UNITED LIFE INSURANCE CO1 year

Filed as: ONEAMERICA RETIREMENT SERVICES, LLC

Service code 15

Recordkeeping

WIPAIRE INC. PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WIPAIRE INC. PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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