Retirement plan

SAVINGS INCENTIVE PLAN FOR EMPLOYEES OF WHEELER BROTHERS GRAIN COMPANY LLC

Name: WHEELER BROTHERS GRAIN COMPANY LLC - SAVINGS INCENTIVE PLAN FOR EMPLOYEES OF WHEELER BROTHERS GRAIN COMPANY LLC (2016) Form 5500
Creator: WHEELER BROTHERS GRAIN COMPANY LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAVINGS INCENTIVE PLAN FOR EMPLOYEES OF WHEELER BROTHERS GRAIN COMPANY LLC, WHEELER BROTHERS GRAIN COMPANY LLC

WHEELER BROTHERS GRAIN COMPANY LLCEIN 73-0564547Plan #001PY 2016

505 W MAIN ST PO BOX 29 - WATONGA, OK 73772580-623-7265LinkedIn1-10 employees

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$7.5M

No prior year

Total participants

181

No prior year

Average account balance

$51,642

No prior year

Annual return

-2.58%

No prior year

Benchmarks

See 388 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort388 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.26M

Not enough data

1 years with asset history on file

Average account balance

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

$95K

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.

181

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.

88.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+8.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$398

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
HERITAGE PENSION ADVISORS, LLC1+ years Filed as: HERITAGE INSTITUTIONAL Service code 27 · EIN 27-2388726	Advisory (Plan)	$13,369
COMMERCE INSURANCE SERVICES (MO)1+ years Filed as: COMMERCE INSURANCE SERVICES MO Service code 22	Insurance Broker	$10,435
COMMERCE BANK1+ years Filed as: COMMERCE TRUST COMPANY Service code 27 · EIN 48-0962626	Advisory (Plan)	$5,073
COMMERCE INSURANCE SERVICES (MO)1+ years Service code 22 · EIN 43-1824850	Insurance Broker	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$33K

$246 / participant

Investment mgmt$29K88.6%
Other / not subdivided$4K11.4%

% of EOY assets

0.440%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: ALLEN GIBBS & HOULIK LC
Auditor EIN: 481032601
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,642

$50,643+2.0%

$106,619-51.6%

$55,167-6.4%

Participation rate

73.1%

65.6%+7.6pp

78.0%-4.9pp

69.0%+4.1pp

Annual return

-2.58%

7.02%-9.6pp

9.42%-12.0pp

169.23%-171.8pp

Employer contribution / active EE

$2,114

$1,626+30.0%

$3,947-46.4%

$1,963+7.7%

Participant deferral / active EE

$3,353

$2,208+51.9%

$3,930-14.7%

$3,054+9.8%

Admin fee / account holder

$227

$488-53.5%

$6,418-96.5%

$504-55.0%

Provider

Service type

Compensation

HERITAGE PENSION ADVISORS, LLC1+ years

Filed as: HERITAGE INSTITUTIONAL

Service code 27 · EIN 27-2388726

Advisory (Plan)

$13,369

COMMERCE INSURANCE SERVICES (MO)1+ years

Filed as: COMMERCE INSURANCE SERVICES MO

Service code 22

Insurance Broker

$10,435

COMMERCE BANK1+ years

Filed as: COMMERCE TRUST COMPANY

Service code 27 · EIN 48-0962626

Advisory (Plan)

$5,073

COMMERCE INSURANCE SERVICES (MO)1+ years

Service code 22 · EIN 43-1824850

Insurance Broker

SAVINGS INCENTIVE PLAN FOR EMPLOYEES OF WHEELER BROTHERS GRAIN COMPANY LLC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAVINGS INCENTIVE PLAN FOR EMPLOYEES OF WHEELER BROTHERS GRAIN COMPANY LLC

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