Retirement plan

WILLISTON CORP. PART-TIME UNION EMPLOYEES RETIREMENT SAVINGS PLAN

Name: WILLISTON CORP. - WILLISTON CORP. PART-TIME UNION EMPLOYEES RETIREMENT SAVINGS PLAN (2020) Form 5500
Creator: WILLISTON CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WILLISTON CORP. PART-TIME UNION EMPLOYEES RETIREMENT SAVINGS PLAN, WILLISTON CORP.

WILLISTON CORP.EIN 41-1673824Plan #006PY 2020

4801 COUNTY ROAD 101 - MINNETONKA, MN 55345612-616-5776LinkedIn51-200 employeesfood & beverages

Other plans on this EIN

1 filing

#005Retirement-$3.4M assets

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$314K

+25.8% from 2019

Total participants

-1.7% from 2019

Average account balance

$34,935

+39.8% from 2019

Annual return

21.69%

+8.73 pp from 2019

Benchmarks

See 9,301 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,301 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$581K

Not enough data

1 years with asset history on file

Average account balance

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

$65K

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.

15.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$18K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$295

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

+20.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$745

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 codes2E2F2G2J3D2T3H

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1K

$24 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.397%

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

$34,935

$65,027-46.3%

$90,970-61.6%

$79,852-56.2%

Participation rate

9.4%

61.6%-52.2pp

69.0%-59.6pp

69.6%-60.2pp

Annual return

21.69%

30.45%-8.8pp

134.58%-112.9pp

31.72%-10.0pp

Employer contribution / active EE

$1,247-100.0%

$2,122-100.0%

$2,471-100.0%

Participant deferral / active EE

$196

$2,512-92.2%

$3,373-94.2%

$3,740-94.8%

Admin fee / account holder

$139

$4,535-96.9%

$5,960-97.7%

$5,306-97.4%

WILLISTON CORP. PART-TIME UNION EMPLOYEES RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WILLISTON CORP. PART-TIME UNION EMPLOYEES RETIREMENT SAVINGS 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