Retirement plan

VIESSMAN GROUP EMPLOYEES 401(K) AND PROFIT SHARING PLAN

Name: CLIFF VIESSMAN, INC. - VIESSMAN GROUP EMPLOYEES 401(K) AND PROFIT SHARING PLAN (2019) Form 5500
Creator: CLIFF VIESSMAN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VIESSMAN GROUP EMPLOYEES 401(K) AND PROFIT SHARING PLAN, CLIFF VIESSMAN, INC.

CLIFF VIESSMAN, INC.EIN 92-0178875Plan #002PY 2019

215 1ST AVENUE - GARY, SD 57237605-272-5241LinkedIn501-1000 employeestransportation/trucking/railroad

Prospect flagsHigh feesLow participationHigh assets / participant

How to read this page

Total assets (EOY)

$17.6M

+7.6% from 2018

Total participants

547

+3.4% from 2018

Average account balance

$1,258,711

+3520.1% from 2018

Annual return

18.49%

+22.72 pp from 2018

Benchmarks

See 708 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort708 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.89M

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.

516

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.

93.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.46M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$167

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
RETIREMENT, LLC5+ years Filed as: RETIREMENT LLC Service code 13 · EIN 26-3723532 1741 S. CLEVELAND AVE STE 301 · SIOUX FALLS, SD 57103	Contract Administrator	$37,413
EDWARD JONES4 years Service code 27 12555 MANCHESTER RD · ST LOUIS, MO 63131	Advisory (Plan)	$33,968
AMERICAN FUNDS5+ years Filed as: CAPITAL RESEARCH AND MANAGEMENT Service code 64 333 SOUTH HOPE LANE · LOS ANGELES, CA 90071	Recordkeeping Fees	$15,792
LAWRENCE CUMPSTON & ASSOCIATES5+ years Service code 10 · EIN 41-1859614	Accounting	$11,270

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$76K

$189 / participant

Investment mgmt$34K44.8%
Contract admin$29K38.6%
Other / not subdivided$13K16.6%

% of EOY assets

0.430%

all-in expense ratio

Categories reported

2 / 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: LAWRENCE CUMPSTON & ASSOCIATES
Auditor EIN: 411859614
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$1,258,711

$46,423+2611.4%

$75,900+1558.4%

$67,582+1762.5%

Participation rate

0.0%

63.1%-63.1pp

69.3%-69.3pp

71.3%-71.3pp

Annual return

18.49%

32.29%-13.8pp

30.73%-12.2pp

378.57%-360.1pp

Employer contribution / active EE

$1,487

$1,406+5.7%

$2,501-40.5%

$2,148-30.8%

Participant deferral / active EE

$1,225

$2,564-52.2%

$3,604-66.0%

$3,539-65.4%

Admin fee / account holder

$5,415

$132+4009.5%

$5,421-0.1%

$142+3705.7%

Provider

Service type

Compensation

RETIREMENT, LLC5+ years

Filed as: RETIREMENT LLC

Service code 13 · EIN 26-3723532

1741 S. CLEVELAND AVE STE 301 · SIOUX FALLS, SD 57103

Contract Administrator

$37,413

EDWARD JONES4 years

Service code 27

12555 MANCHESTER RD · ST LOUIS, MO 63131

Advisory (Plan)

$33,968

AMERICAN FUNDS5+ years

Filed as: CAPITAL RESEARCH AND MANAGEMENT

Service code 64

333 SOUTH HOPE LANE · LOS ANGELES, CA 90071

Recordkeeping Fees

$15,792

LAWRENCE CUMPSTON & ASSOCIATES5+ years

Service code 10 · EIN 41-1859614

Accounting

$11,270

VIESSMAN GROUP EMPLOYEES 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VIESSMAN GROUP EMPLOYEES 401(K) AND 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