Retirement plan

VIESSMAN GROUP EMPLOYEES 401(K) AND PROFIT SHARING PLAN

Name: CLIFF VIESSMAN, INC. - VIESSMAN GROUP EMPLOYEES 401(K) AND PROFIT SHARING PLAN (2022) 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 2022

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

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$14.7M

-21.2% from 2021

Total participants

490

-11.4% from 2021

Average account balance

$31,170

-18.8% from 2021

Annual return

-16.10%

-29.51 pp from 2021

Benchmarks

See 670 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort670 peers

Snapshot2022

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 JONES7 years Service code 27 12555 MANCHESTER RD · ST LOUIS, MO 63131	Advisory (Plan)	$67,082
RETIREMENT, LLC8+ years Filed as: RETIREMENT LLC Service code 13 · EIN 26-3723532 13838 QUAIL POINTE DR, STE B · OKLAHOMA CITY, OK 73134	Contract Administrator	$43,583
LAWRENCE CUMPSTON & ASSOCIATES8+ years Service code 10 · EIN 41-1859614	Accounting	$12,103
AMERICAN FUNDS8+ years Filed as: CAPITAL RESEARCH AND MANAGEMENT Service code 64 333 SOUTH HOPE LANE · LOS ANGELES, CA 90071	Recordkeeping Fees	$4,464

Plan features & details

Pension benefit codes2E2F2G2J2K2T2X3D3H

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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$77K

$209 / participant

Investment mgmt$34K43.5%
Contract admin$30K39.3%
Other / not subdivided$13K17.3%

% of EOY assets

0.523%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,170

$44,764-30.4%

$68,803-54.7%

$64,824-51.9%

Participation rate

95.4%

64.8%+30.6pp

69.0%+26.4pp

71.5%+23.9pp

Annual return

-16.10%

-10.91%-5.2pp

-6.37%-9.7pp

32.84%-48.9pp

Employer contribution / active EE

$1,967

$1,775+10.8%

$2,656-25.9%

$2,507-21.6%

Participant deferral / active EE

$1,839

$3,238-43.2%

$3,942-53.3%

$4,311-57.3%

Admin fee / account holder

$163

$151+7.8%

$4,936-96.7%

$188-13.2%

Provider

Service type

Compensation

EDWARD JONES7 years

Service code 27

12555 MANCHESTER RD · ST LOUIS, MO 63131

Advisory (Plan)

$67,082

RETIREMENT, LLC8+ years

Filed as: RETIREMENT LLC

Service code 13 · EIN 26-3723532

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

Contract Administrator

$43,583

LAWRENCE CUMPSTON & ASSOCIATES8+ years

Service code 10 · EIN 41-1859614

Accounting

$12,103

AMERICAN FUNDS8+ years

Filed as: CAPITAL RESEARCH AND MANAGEMENT

Service code 64

333 SOUTH HOPE LANE · LOS ANGELES, CA 90071

Recordkeeping Fees

$4,464

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