Retirement plan

WIRELESS COMMUNICATIONS, INC. SAFE HARBOR 401K PROFIT SHARING PLAN

Name: WIRELESS COMMUNICATIONS, INC. - WIRELESS COMMUNICATIONS, INC. SAFE HARBOR 401K PROFIT SHARING PLAN (2022) Form 5500
Creator: WIRELESS COMMUNICATIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WIRELESS COMMUNICATIONS, INC. SAFE HARBOR 401K PROFIT SHARING PLAN, WIRELESS COMMUNICATIONS, INC.

WIRELESS COMMUNICATIONS, INC.EIN 81-0517862Plan #001PY 2022

2501 ST JOHNS AVE - BILLINGS, MT 59102406-655-4858

Prospect flagsLow returnsLow participant contribution

How to read this page

Total assets (EOY)

$10.7M

-14.1% from 2021

Total participants

265

+4.7% from 2021

Average account balance

$42,905

-16.5% from 2021

Annual return

-21.36%

-38.65 pp from 2021

Benchmarks

See 1,030 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort1,030 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.80M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

283

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.

98.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.35M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+17.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$151

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 3 by compensation

Provider	Service type	Compensation
EDWARD JONES3 years Service code 28 2122 BROADWATER AVENUE, SUITE A · BILLINGS, MT 59102	Investment Management	$27,607
RANDALL & HURLEY, INC.5 years Service code 15 · EIN 91-1661080 828 GREAT NORTHERN BLVD. · HELENA, MT 59601	Recordkeeping	$7,060
AMERICAN FUNDS3 years Filed as: CAPITAL GROUP-AMERICAN FUNDS SVCS Service code 15 333 SOUTH HOPE STREET · LOS ANGELES, CA 900711406	Recordkeeping	$2,475

Plan features & details

Pension benefit codes2F2G2T2E2J2K3D

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.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$37K

$183 / participant

Investment mgmt$28K74.3%
Contract admin$10K25.7%

% of EOY assets

0.346%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EIDE BAILLY, LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,905

$58,320-26.4%

$86,451-50.4%

$66,949-35.9%

Participation rate

92.6%

78.6%+14.0pp

80.3%+12.3pp

69.8%+22.8pp

Annual return

-21.36%

-9.71%-11.6pp

4398.51%-4419.9pp

1.57%-22.9pp

Employer contribution / active EE

$3,178

$2,615+21.5%

$3,770-15.7%

$2,545+24.9%

Participant deferral / active EE

$2,794

$6,899-59.5%

$6,953-59.8%

$4,239-34.1%

Admin fee / account holder

$149

$546-72.8%

$6,734-97.8%

$594-75.0%

Provider

Service type

Compensation

EDWARD JONES3 years

Service code 28

2122 BROADWATER AVENUE, SUITE A · BILLINGS, MT 59102

Investment Management

$27,607

RANDALL & HURLEY, INC.5 years

Service code 15 · EIN 91-1661080

828 GREAT NORTHERN BLVD. · HELENA, MT 59601

Recordkeeping

$7,060

AMERICAN FUNDS3 years

Filed as: CAPITAL GROUP-AMERICAN FUNDS SVCS

Service code 15

333 SOUTH HOPE STREET · LOS ANGELES, CA 900711406

Recordkeeping

$2,475

WIRELESS COMMUNICATIONS, INC. SAFE HARBOR 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WIRELESS COMMUNICATIONS, INC. SAFE HARBOR 401K 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