Retirement plan

WIESER BROTHERS GENERAL CONTRACTOR, INC. 401(K)/PROFIT SHARING PLAN

Name: WIESER BROTHERS GENERAL CONTRACTOR, INC. - WIESER BROTHERS GENERAL CONTRACTOR, INC. 401(K)/PROFIT SHARING PLAN (2024) Form 5500
Creator: WIESER BROTHERS GENERAL CONTRACTOR, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WIESER BROTHERS GENERAL CONTRACTOR, INC. 401(K)/PROFIT SHARING PLAN, WIESER BROTHERS GENERAL CONTRACTOR, INC.

WIESER BROTHERS GENERAL CONTRACTOR, INC.EIN 41-1776461Plan #001PY 2024

200 TWILITE STREET - LA CRESCENT, MN 55947507-895-8903wieserbrothers.comLinkedIn51-200 employeesconstruction

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed April 2, 2012

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)

$35.4M

+19.4% from 2023

Total participants

192

+14.3% from 2023

Average account balance

$224,061

+16.4% from 2023

Annual return

15.62%

-3.43 pp from 2023

Benchmarks

See 3,445 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,445 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$35.40M

Not enough data

1 years with asset history on file

Average account balance

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

$224K

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.

158

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.

79.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.95M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+15.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$535

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 3 by compensation

Provider	Service type	Compensation
SECURITIES AMERICA INC8 years Filed as: SECURITIES AMERICA, INC. Service code 27 · EIN 47-0648506 12325 PORT GRACE BLVD · LA VISTA, NE 681280001	Advisory (Plan)	$45,833
STANCORP FINANCIAL GROUP5 years Service code 12 · EIN 93-1253576 1100 SOUTHWEST 6TH AVENUE · PORTLAND, OR 97204	Direct payment from the plan; Custodi...	$38,696
PENSION ASSURANCE LLP9 years Filed as: THE PENSION SPECIALISTS Service code 13 · EIN 36-3592542 10501 NORTH SECOND STREET · MACHESNEY PARK, IL 611151455	Contract Administrator	$16,003

Plan features & details

Pension benefit codes2A2E2F2G2J2K3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

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

$85K

$515 / participant

Contract admin$85K100.0%

% of EOY assets

0.239%

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: HAWKINS ASH CPAS, LLP
Auditor EIN: 390912608
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$224,061

$80,763+177.4%

$102,412+118.8%

$74,459+200.9%

Participation rate

79.3%

65.7%+13.6pp

74.5%+4.8pp

67.2%+12.0pp

Annual return

15.62%

27.57%-12.0pp

24.94%-9.3pp

1369.70%-1354.1pp

Employer contribution / active EE

$7,126

$3,160+125.5%

$3,870+84.1%

$2,626+171.4%

Participant deferral / active EE

$4,757

$3,862+23.2%

$5,060-6.0%

$4,350+9.4%

Admin fee / account holder

$535

$2,371-77.4%

$8,388-93.6%

$1,945-72.5%

Provider

Service type

Compensation

SECURITIES AMERICA INC8 years

Filed as: SECURITIES AMERICA, INC.

Service code 27 · EIN 47-0648506

12325 PORT GRACE BLVD · LA VISTA, NE 681280001

Advisory (Plan)

$45,833

STANCORP FINANCIAL GROUP5 years

Service code 12 · EIN 93-1253576

1100 SOUTHWEST 6TH AVENUE · PORTLAND, OR 97204

Direct payment from the plan; Custodi...

$38,696

PENSION ASSURANCE LLP9 years

Filed as: THE PENSION SPECIALISTS

Service code 13 · EIN 36-3592542

10501 NORTH SECOND STREET · MACHESNEY PARK, IL 611151455

Contract Administrator

$16,003

WIESER BROTHERS GENERAL CONTRACTOR, INC. 401(K)/PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WIESER BROTHERS GENERAL CONTRACTOR, INC. 401(K)/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