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 (2024) 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 2024

PO BOX 29 - WATONGA, OK 73772580-623-7265LinkedIn1-10 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$15.2M

+8.9% from 2023

Total participants

203

-4.2% from 2023

Average account balance

$84,135

+1.7% from 2023

Annual return

14.07%

+12.84 pp from 2023

Benchmarks

See 575 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort575 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANYF Service code 64 8515 E. ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$60,161
COMMONWEALTH FINANCIAL NETWORK1 year Filed as: COMMONWEALTH EQUITY SERVICES Service code 27 29 SAWYER RD · WALTHAM, MA 02453	Advisory (Plan)	$41,795
EMPLOYEE BENEFITS GROUP, LLC1 year Filed as: EMPLOYEE BENEFITS GROUP LLC Service code 13 · EIN 73-1559747	Contract Administrator	$4,170
EMPLOYEE BENEFITS GROUP, LLC1 year Service code 13	Contract Administrator	$3,888
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP Service code 28 8515 E. ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$715
ALLIANCE PENSION CONSULTANTS, LLC1 year Filed as: ALLIANT INSURANCE SERVICES Service code 99 101 PARK AVE 14TH FL · NEW YORK, NY 10178	Other Fees	$566
THE RETIREMENT ADVANTAGE INC6 years Filed as: THE RETIREMENT ADVANTAGE Service code 13	Contract Administrator	$88
THE RETIREMENT ADVANTAGE INC1 year Filed as: TEH RETIREMENT ADVANTAGE INC Service code 13 101 E. GRAND AVE SUITE 16 · PORT WASHINGTON, WI 53074	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.

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

$60K

$333 / participant

Recordkeeping$60K100.0%

% of EOY assets

0.396%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: HUTCHINS & HAAKE, LLC
Auditor EIN: 201950909
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$84,135

$62,327+35.0%

$120,354-30.1%

$74,495+12.9%

Participation rate

87.8%

56.8%+31.1pp

71.9%+15.9pp

67.2%+20.6pp

Annual return

14.07%

18.61%-4.5pp

107.15%-93.1pp

1364.94%-1350.9pp

Employer contribution / active EE

$1,771

$1,843-3.9%

$3,463-48.8%

$2,623-32.5%

Participant deferral / active EE

$3,345

$2,893+15.6%

$4,991-33.0%

$4,346-23.0%

Admin fee / account holder

$333

$2,396-86.1%

$9,423-96.5%

$1,942-82.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANYF

Service code 64

8515 E. ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$60,161

COMMONWEALTH FINANCIAL NETWORK1 year

Filed as: COMMONWEALTH EQUITY SERVICES

Service code 27

29 SAWYER RD · WALTHAM, MA 02453

Advisory (Plan)

$41,795

EMPLOYEE BENEFITS GROUP, LLC1 year

Filed as: EMPLOYEE BENEFITS GROUP LLC

Service code 13 · EIN 73-1559747

Contract Administrator

$4,170

EMPLOYEE BENEFITS GROUP, LLC1 year

Service code 13

Contract Administrator

$3,888

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP

Service code 28

8515 E. ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$715

ALLIANCE PENSION CONSULTANTS, LLC1 year

Filed as: ALLIANT INSURANCE SERVICES

Service code 99

101 PARK AVE 14TH FL · NEW YORK, NY 10178

Other Fees

$566

THE RETIREMENT ADVANTAGE INC6 years

Filed as: THE RETIREMENT ADVANTAGE

Service code 13

Contract Administrator

$88

THE RETIREMENT ADVANTAGE INC1 year

Filed as: TEH RETIREMENT ADVANTAGE INC

Service code 13

101 E. GRAND AVE SUITE 16 · PORT WASHINGTON, WI 53074

Contract Administrator

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