Retirement plan

WINTHROP & WEINSTINE, P.A. 401K PLAN & TRUST

Name: WINTHROP & WEINSTINE, P.A. - WINTHROP & WEINSTINE, P.A. 401K PLAN & TRUST (2023) Form 5500
Creator: WINTHROP & WEINSTINE, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WINTHROP & WEINSTINE, P.A. 401K PLAN & TRUST, WINTHROP & WEINSTINE, P.A.

WINTHROP & WEINSTINE, P.A.EIN 41-1722524Plan #002PY 2023

225 SOUTH 6TH STREET, SUITE 3500 - MINNEAPOLIS, MN 55402612-604-6474winthrop.comLinkedIn201-500 employeeslaw practice

Other plans on this EIN

1 filing

#003Retirement-$30.9M assets

Prospect flagsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$126.1M

+19.4% from 2022

Total participants

355

+3.5% from 2022

Average account balance

$367,783

+13.1% from 2022

Annual return

19.78%

+36.54 pp from 2022

Benchmarks

See 3,232 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,232 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$149.19M

Not enough data

1 years with asset history on file

Average account balance

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

$423K

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.

353

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.

94.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.22M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$30K

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

+18.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$423

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
PRINCIPAL LIFE INSURANCE COMPANY3 years Service code 13 · EIN 42-0127290	Contract Administrator	$95,764
BAKER TILLY US, LLP2 years Service code 10 · EIN 39-0859910	Accounting	$19,200
JP MORGAN INVESTMENT MANAGEMENT INC1 year Filed as: RYAN INVESTMENT MANAGEMENT INC Service code 26 · EIN 84-1603477	Advisory (Participants)	$11,029
WILSHIRE ASSOCIATES INCORPORATED2 years Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

Opportunity flags

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

Expense breakdown

Schedule H Part II

Admin total

$131K

$459 / participant

Contract admin$98K74.4%
Other / not subdivided$34K25.6%

% of EOY assets

0.104%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: $19,200
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$367,783

$95,417+285.4%

$135,974+170.5%

$74,460+393.9%

Participation rate

95.8%

78.2%+17.6pp

81.9%+13.9pp

70.7%+25.1pp

Annual return

19.78%

32.76%-13.0pp

68.30%-48.5pp

34.38%-14.6pp

Employer contribution / active EE

$15,559

$3,878+301.2%

$4,859+220.2%

$2,638+489.8%

Participant deferral / active EE

$13,799

$7,789+77.2%

$7,760+77.8%

$4,530+204.6%

Admin fee / account holder

$383

$266+43.8%

$10,767-96.4%

$348+10.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 42-0127290

Contract Administrator

$95,764

BAKER TILLY US, LLP2 years

Service code 10 · EIN 39-0859910

Accounting

$19,200

JP MORGAN INVESTMENT MANAGEMENT INC1 year

Filed as: RYAN INVESTMENT MANAGEMENT INC

Service code 26 · EIN 84-1603477

Advisory (Participants)

$11,029

WILSHIRE ASSOCIATES INCORPORATED2 years

Filed as: WILSHIRE ADVISORS LLC

Service code 27 · EIN 95-2755361

Advisory (Plan)

WINTHROP & WEINSTINE, P.A. 401K PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WINTHROP & WEINSTINE, P.A. 401K PLAN & TRUST

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