Retirement plan

BROWN-WILBERT, INC. PROFIT SHARING PLAN AND TRUST

Name: BROWN-WILBERT, INC. - BROWN-WILBERT, INC. PROFIT SHARING PLAN AND TRUST (2016) Form 5500
Creator: BROWN-WILBERT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BROWN-WILBERT, INC. PROFIT SHARING PLAN AND TRUST, BROWN-WILBERT, INC.

BROWN-WILBERT, INC.EIN 41-1821767Plan #001PY 2016

2280 HAMLINE AVENUE NORTH - ROSEVILLE, MN 55113651-631-1234brownwilbert.comLinkedIn51-200 employeeswholesale

Other plans on this EIN

1 filing

#002Retirement-$3.0M assets

Prospect flagsHigh feesLow employer contributionFailed to transmit contributions

Top hat statement on fileNQDC

Filed August 11, 1998

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)

$4.8M

-15.0% from 2015

Total participants

153

+3.4% from 2015

Average account balance

$35,672

-22.0% from 2015

Annual return

6.36%

+10.33 pp from 2015

Benchmarks

See 1,949 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,949 peers

Snapshot2016

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Analytics

Total assets (EOY)

Plan-year ending balance

$4.73M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

134

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.

77.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$365K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+7.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$255

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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Service code 64 COMPANY · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$32,301
JOHN HANCOCK LIFE INSURANCE COMPANY2+ years Filed as: SIGNATOR INVESTORS, INC. Service code 55 197 CLARENDON ST. · BOSTON, MA 02116	Other Commissions	$12,194
TAX SHELTERED COMPENSATION, INC.2+ years Service code 13 7300 METRO BLVD. SUITE 450 · EDINA, MN 55439	Contract Administrator	$2,952
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$14

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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$41K

$329 / participant

Contract admin$41K100.0%

% of EOY assets

0.852%

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: LETHERT, SKWIRA, SCHULTZ & CO., LLP
Auditor EIN: 410738189
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,672

$56,629-37.0%

$77,999-54.3%

$55,167-35.3%

Participation rate

84.7%

73.3%+11.4pp

75.5%+9.2pp

69.0%+15.7pp

Annual return

6.36%

2866.98%-2860.6pp

425.96%-419.6pp

169.23%-162.9pp

Employer contribution / active EE

$26

$1,723-98.5%

$2,470-98.9%

$1,963-98.7%

Participant deferral / active EE

$2,879

$2,777+3.7%

$3,497-17.7%

$3,054-5.7%

Admin fee / account holder

$304

$467-34.8%

$5,480-94.5%

$504-39.7%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Service code 64

COMPANY · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$32,301

JOHN HANCOCK LIFE INSURANCE COMPANY2+ years

Filed as: SIGNATOR INVESTORS, INC.

Service code 55

197 CLARENDON ST. · BOSTON, MA 02116

Other Commissions

$12,194

TAX SHELTERED COMPENSATION, INC.2+ years

Service code 13

7300 METRO BLVD. SUITE 450 · EDINA, MN 55439

Contract Administrator

$2,952

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$14

BROWN-WILBERT, INC. PROFIT SHARING PLAN AND TRUST

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BROWN-WILBERT, INC. PROFIT SHARING PLAN AND TRUST

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