Retirement plan

VIESSMAN GROUP EMPLOYEES 401(K) AND PROFIT SHARING PLAN

Name: CLIFF VIESSMAN, INC. - VIESSMAN GROUP EMPLOYEES 401(K) AND PROFIT SHARING PLAN (2023) 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 2023

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

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$16.5M

+11.6% from 2022

Total participants

541

+10.4% from 2022

Average account balance

$32,213

+3.3% from 2022

Annual return

15.94%

+32.04 pp from 2022

Benchmarks

See 664 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort664 peers

Snapshot2023

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 JONES8 years Service code 27 1255 MANCHESTER RD · ST. LOUIS, MO 63131	Advisory (Plan)	$61,056
RETIREMENT, LLC1 year Service code 13 · EIN 26-3723532	Contract Administrator	$16,670
DEFINITI LLC1 year Filed as: DEFINITI, LLC Service code 13 · EIN 85-0833363	Contract Administrator	$13,079
LAWRENCE CUMPSTON & ASSOCIATES9+ years Service code 10 · EIN 41-1859614	Accounting	$12,740

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

$66K

$156 / participant

Investment mgmt$31K46.4%
Contract admin$21K32.1%
Other / not subdivided$14K21.5%

% of EOY assets

0.400%

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: $12,740
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,213

$49,763-35.3%

$70,565-54.3%

$74,473-56.7%

Participation rate

92.9%

64.6%+28.2pp

68.4%+24.5pp

70.7%+22.1pp

Annual return

15.94%

21.21%-5.3pp

32.79%-16.8pp

34.36%-18.4pp

Employer contribution / active EE

$1,771

$1,776-0.3%

$2,976-40.5%

$2,638-32.9%

Participant deferral / active EE

$1,605

$3,379-52.5%

$4,568-64.9%

$4,530-64.6%

Admin fee / account holder

$129

$316-59.3%

$6,430-98.0%

$347-62.9%

Provider

Service type

Compensation

EDWARD JONES8 years

Service code 27

1255 MANCHESTER RD · ST. LOUIS, MO 63131

Advisory (Plan)

$61,056

RETIREMENT, LLC1 year

Service code 13 · EIN 26-3723532

Contract Administrator

$16,670

DEFINITI LLC1 year

Filed as: DEFINITI, LLC

Service code 13 · EIN 85-0833363

Contract Administrator

$13,079

LAWRENCE CUMPSTON & ASSOCIATES9+ years

Service code 10 · EIN 41-1859614

Accounting

$12,740

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