Retirement plan

WISCONSIN COIL SPRING LLC 401(K) PROFIT SHARING PLAN

Name: WISCONSIN COIL SPRING LLC. - WISCONSIN COIL SPRING LLC 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: WISCONSIN COIL SPRING LLC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WISCONSIN COIL SPRING LLC 401(K) PROFIT SHARING PLAN, WISCONSIN COIL SPRING LLC.

WISCONSIN COIL SPRING LLC.EIN 80-0870130Plan #003PY 2021

S82 W19125 APOLLO DRIVE - MUSKEGO, WI 53150414-422-2000wicoil.comLinkedIn11-50 employeesmining & metals

Prospect flagsLow returnsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$7.8M

+1.6% from 2020

Total participants

105

+11.7% from 2020

Average account balance

$76,533

-10.3% from 2020

Annual return

10.79%

-3.87 pp from 2020

Benchmarks

See 14,566 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,566 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.90M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

104

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.

92.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$593K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$617

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
FIDELITY INVESTMENTS INSTITUTIONAL3 years Service code 60 · EIN 04-2647786	Sub-TA Fees	$32,914
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 27 · EIN 23-2384840	Advisory (Plan)	$22,154
WIPFLI LLP1 year Filed as: WIPFLI LLP. Service code 10 · EIN 39-0758449	Accounting	$8,000
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC Service code 27 · EIN 04-3046611	Advisory (Plan)	$6,331

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3B3D

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$71K

$791 / participant

Investment mgmt$2K2.5%
Other / not subdivided$69K97.5%

% of EOY assets

0.912%

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: WIPFLI LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,533

$86,288-11.3%

$111,306-31.2%

$85,851-10.9%

Participation rate

96.7%

73.3%+23.3pp

77.3%+19.3pp

69.3%+27.3pp

Annual return

10.79%

19.99%-9.2pp

54.67%-43.9pp

318.63%-307.8pp

Employer contribution / active EE

$1,549

$2,044-24.2%

$2,732-43.3%

$2,565-39.6%

Participant deferral / active EE

$4,677

$3,641+28.5%

$4,488+4.2%

$3,952+18.3%

Admin fee / account holder

$698

$8,189-91.5%

$7,966-91.2%

$6,261-88.9%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$32,914

WELLS FARGO BANK, N.A.2 years

Filed as: WELLS FARGO CLEARING SERVICES LLC

Service code 27 · EIN 23-2384840

Advisory (Plan)

$22,154

WIPFLI LLP1 year

Filed as: WIPFLI LLP.

Service code 10 · EIN 39-0758449

Accounting

$8,000

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL LLC

Service code 27 · EIN 04-3046611

Advisory (Plan)

$6,331

WISCONSIN COIL SPRING LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WISCONSIN COIL SPRING LLC 401(K) PROFIT SHARING PLAN

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