Retirement plan

WIDSETH, SMITH, NOLTING & ASSOCIATES EMPLOYEE PROFIT SHARING PLAN

Name: WIDSETH SMITH NOLTING & ASSOC. - WIDSETH, SMITH, NOLTING & ASSOCIATES EMPLOYEE PROFIT SHARING PLAN (2019) Form 5500
Creator: WIDSETH SMITH NOLTING & ASSOC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WIDSETH, SMITH, NOLTING & ASSOCIATES EMPLOYEE PROFIT SHARING PLAN, WIDSETH SMITH NOLTING & ASSOC.

WIDSETH SMITH NOLTING & ASSOC.EIN 41-1243629Plan #001PY 2019

216 S. MAIN STREET - CROOKSTON, MN 56716218-281-6522wsn-us.comLinkedIn1-10 employees

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed August 8, 2008

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$33.1M

+13.7% from 2018

Total participants

238

+4.8% from 2018

Average account balance

$141,357

+9.4% from 2018

Annual return

10.83%

+9.08 pp from 2018

Benchmarks

See 5,552 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,552 peers

Snapshot2019

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$41.05M

Not enough data

1 years with asset history on file

Average account balance

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

$151K

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.

272

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.

98.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+21.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$307

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 10 of 11 by compensation

Provider	Service type	Compensation
RESOURCES INVESTMENT ADVISORS LLC2 years Filed as: RESOURCES INVESTMENT ADVISORS, INC. Service code 26 · EIN 43-1451524	Advisory (Participants)	$32,500
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Service code 49 · EIN 04-1590850	Other Services	$3,385
AMERICAN CENTURY2 years Service code 52 · EIN 43-0821857	Indirect Investment Fees	$0
THE BANK OF NEW YORK MELLON1 year Filed as: DREYFUS Service code 52 · EIN 04-3106135	Indirect Investment Fees	$0
FRANKLIN TEMPLETON1 year Service code 52 · EIN 13-2573775	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY2 years Filed as: JP MORGAN Service code 52 · EIN 33-1043149	Indirect Investment Fees	$0
MAINSTAY2 years Service code 52 · EIN 52-2206685	Indirect Investment Fees	$0
NORTHERN FUNDS2 years Service code 52 · EIN 36-3608252	Indirect Investment Fees	$0
OPPENHEIMER2 years Service code 52 · EIN 93-6305075	Indirect Investment Fees	$0
PIMCO FUNDS1 year Service code 52 · EIN 95-2632339	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$29K

$146 / participant

Investment mgmt$26K88.5%
Contract admin$3K11.5%

% of EOY assets

0.089%

all-in expense ratio

Categories reported

2 / 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: BRADY MARTZ & ASSOCIATES, INC.
Auditor EIN: 450310328
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$141,357

$89,652+57.7%

$141,162+0.1%

$65,185+116.9%

Participation rate

98.0%

74.7%+23.3pp

82.5%+15.5pp

70.2%+27.8pp

Annual return

10.83%

32.79%-22.0pp

71.39%-60.6pp

29.38%-18.6pp

Employer contribution / active EE

$3,237

$3,065+5.6%

$4,735-31.6%

$2,177+48.7%

Participant deferral / active EE

$6,453

$5,691+13.4%

$6,709-3.8%

$3,514+83.7%

Admin fee / account holder

$126

$569-77.9%

$10,261-98.8%

$847-85.2%

Provider

Service type

Compensation

RESOURCES INVESTMENT ADVISORS LLC2 years

Filed as: RESOURCES INVESTMENT ADVISORS, INC.

Service code 26 · EIN 43-1451524

Advisory (Participants)

$32,500

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Service code 49 · EIN 04-1590850

Other Services

$3,385

AMERICAN CENTURY2 years

Service code 52 · EIN 43-0821857

Indirect Investment Fees

THE BANK OF NEW YORK MELLON1 year

Filed as: DREYFUS

Service code 52 · EIN 04-3106135

Indirect Investment Fees

FRANKLIN TEMPLETON1 year

Service code 52 · EIN 13-2573775

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY2 years

Filed as: JP MORGAN

Service code 52 · EIN 33-1043149

Indirect Investment Fees

MAINSTAY2 years

Service code 52 · EIN 52-2206685

Indirect Investment Fees

NORTHERN FUNDS2 years

Service code 52 · EIN 36-3608252

Indirect Investment Fees

OPPENHEIMER2 years

Service code 52 · EIN 93-6305075

Indirect Investment Fees

PIMCO FUNDS1 year

Service code 52 · EIN 95-2632339

Indirect Investment Fees

WIDSETH, SMITH, NOLTING & ASSOCIATES EMPLOYEE PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WIDSETH, SMITH, NOLTING & ASSOCIATES EMPLOYEE PROFIT SHARING PLAN

Top hat statement on fileNQDC

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