Retirement plan

VIESSMAN GROUP EMPLOYEES 401(K) AND PROFIT SHARING PLAN

Name: CLIFF VIESSMAN, INC. - VIESSMAN GROUP EMPLOYEES 401(K) AND PROFIT SHARING PLAN (2020) 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 2020

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

Prospect flagsRecently reached 100 employeesCorrective distributions

How to read this page

Total assets (EOY)

$18.6M

+5.4% from 2019

Total participants

550

+0.5% from 2019

Average account balance

$39,118

-96.9% from 2019

Annual return

13.91%

-4.57 pp from 2019

Benchmarks

See 659 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort659 peers

Snapshot2020

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
EDWARD JONES5 years Service code 27 12555 MANCHESTER RD · ST LOUIS, MO 63131	Advisory (Plan)	$66,248
RETIREMENT, LLC6+ years Filed as: RETIREMENT LLC Service code 13 · EIN 26-3723532 13838 QUAIL POINTE DR, STE B · OKLAHOMA CITY, OK 73134	Contract Administrator	$37,942
LAWRENCE CUMPSTON & ASSOCIATES6+ years Service code 10 · EIN 41-1859614	Accounting	$11,368
AMERICAN FUNDS6+ years Filed as: CAPITAL RESEARCH AND MANAGEMENT Service code 64 333 SOUTH HOPE LANE · LOS ANGELES, CA 90071	Recordkeeping Fees	$2,564

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

2 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
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

$76K

$192 / participant

Investment mgmt$33K43.3%
Contract admin$30K39.4%
Other / not subdivided$13K17.3%

% of EOY assets

0.411%

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

$39,118

$51,288-23.7%

$81,982-52.3%

$73,412-46.7%

Participation rate

81.2%

64.0%+17.2pp

69.3%+11.9pp

72.2%+9.0pp

Annual return

13.91%

29.48%-15.6pp

41.31%-27.4pp

59.30%-45.4pp

Employer contribution / active EE

$1,566

$1,487+5.3%

$2,498-37.3%

$2,234-29.9%

Participant deferral / active EE

$1,356

$2,715-50.1%

$3,722-63.6%

$3,806-64.4%

Admin fee / account holder

$161

$125+28.4%

$5,665-97.2%

$158+1.9%

Provider

Service type

Compensation

EDWARD JONES5 years

Service code 27

12555 MANCHESTER RD · ST LOUIS, MO 63131

Advisory (Plan)

$66,248

RETIREMENT, LLC6+ years

Filed as: RETIREMENT LLC

Service code 13 · EIN 26-3723532

13838 QUAIL POINTE DR, STE B · OKLAHOMA CITY, OK 73134

Contract Administrator

$37,942

LAWRENCE CUMPSTON & ASSOCIATES6+ years

Service code 10 · EIN 41-1859614

Accounting

$11,368

AMERICAN FUNDS6+ years

Filed as: CAPITAL RESEARCH AND MANAGEMENT

Service code 64

333 SOUTH HOPE LANE · LOS ANGELES, CA 90071

Recordkeeping Fees

$2,564

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