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FORM 5500 DATA

Associated Banc-Corp 401k & Employee Stock Ownership Plan

Overview

Plan Information

  • Plan Year01/01/2016 — 12/31/2016
  • Date of Plan01/01/1987
  • Net Assets as of 12/31/2016 $514,777,118
  • Plan Number2
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program? No
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2016

  • Active (Eligible) Participants4,453
  • Retired or separated participants receiving benefits265
  • Other retired or separated participants entitled to future benefits1,272
  • Subtotal5,990
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits31
  • Total6,021
  • Total number of participants as of 01/01/20165,992
  • Number of participants with account balances5,858
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address433 Main Street
  • CityGreen Bay
  • StateWI
  • Zip54301-5114
  • Telephone(920) 405-2882
  • EIN39-1098068
  • Industry Code551111
  • Named AdministratorTammy Stadler

Audit Information

  • Audit StatusAudited
  • AuditorSchenck, S.C.
  • Auditor EIN39-1173131
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
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.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all 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 A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees 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 if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
2O ESOP other than a leveraged ESOP An Employee Stock Ownership Plan (ESOP) is a type of employee benefit plan designed to invest primarily in employer stock.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3F Leased Employees Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $25,000,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $89,548,780
Contributions $40,836,380
Cash Contributions $40,836,380
Cash from Employers $13,894,980
Cash from Participants $23,237,878
Others (including rollovers) $3,703,522
Noncash Contributions $0
Total Earnings on Investments $48,710,312
Total Interest $285,696
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $285,696
Interest from Other Investments $0
Total Dividends $4,334,301
Preferred Stock $0
Common Stock $944,949
Rents $0
Net gain (loss) on sale of assets $984,285
Aggregate Proceeds $12,169,993
Aggregate Carrying Amount $11,185,708
Total Unrealized Appreciation (depreciation) of assets $10,967,600
Real Estate $0
Other $10,967,600
Net investment gain (loss) from common/collective trusts $10,169,018
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $21,969,412
Other Income $2,088
Expenses $43,345,522
Total Benefit Payments $42,333,524
Directly to participants or beneficiaries, including direct rollovers $42,328,631
To insurance carriers for the provision of benefits $4,893
Other Benefit Payment Fees $0
Corrective Distributions $208,800
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $803,198
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $691,256
Other Administrative Fees $111,942
Net Income $46,203,258
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2016 12/31/2015 Change YOY
Total Assets $515,541,760 $467,633,748 10.24%
Total noninterest-bearing cash $903,559 $684,876 31.93%
Receivables $13,955,860 $24,443,205 -42.90%
Employer Contributions $13,882,065 $11,121,203 24.83%
Participant Contributions $0 $0 0.0%
Other Contributions $73,795 $13,322,002 -99.45%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $5,493,019 $4,875,116 12.67%
Value of interest in common/collective trusts $195,468,993 $174,896,257 11.76%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $253,185,699 $221,478,985 14.32%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $63,081 $74,088 -14.86%
Employer-related Investments $46,471,549 $41,181,221 12.85%
Employer Securities $46,471,549 $41,181,221 12.85%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $764,642 $596,311 28.23%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $189,676 $146,217 29.72%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $574,966 $450,094 27.74%
Net Assets $514,777,118 $467,037,437 10.22%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Associated Trust Company, N.A.

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Associated Trust Company, N.A. Trustee (bank, trust company, or similar financial institution), Recordkeeping and information management (computing, tabulating, data processing, etc.), Recordkeeping fees, Participant loan processing, Direct payment from the plan, Participant communication Trustee $803,198 $0 $803,198
Total $803,198 $0 $803,198

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Associated Trust Company, N.A. Dodge & Cox Funds Investment management, Sub-transfer agency fees 10 Basis Points $0
Associated Trust Company, N.A. Janus Investment Fund Investment management, Sub-transfer agency fees 10 Basis Points $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Abc Common Stock Fund Associated Trust Company, N.A. DFE: Common/Collective Trust $46,471,549
Associated Growth Lifestage Fund Associated Trust Company, N.A. DFE: Common/Collective Trust $44,725,008
Associated Balanced Lifestage Fund Associated Trust Company, N.A. DFE: Common/Collective Trust $41,094,523
Assoc Money Market Collective Fund Associated Trust Company, N.A. DFE: Common/Collective Trust $36,463,854
Assoc. Growth Balanced Lifestage Associated Trust Company, N.A. DFE: Common/Collective Trust $27,504,712
Associated Core Bond Fund Associated Trust Company, N.A. DFE: Common/Collective Trust $23,196,535
Associated Equity Income Fund Associated Trust Company, N.A. DFE: Common/Collective Trust $8,946,812
Associated Short Term Bond Fund Associated Trust Company, N.A. DFE: Common/Collective Trust $8,670,988
Assoc Conserv Balanced Lifestage Fd Associated Trust Comapany, N.A. DFE: Common/Collective Trust $4,866,561
Total $241,940,542

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
The Guardian Life Insurance 5
EIN
Industry Code
Contract Number PL/PK688
Contract Year 01/01/2016 — 12/31/2016
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
William Mueller 3091 Voyager Drive Green Bay, WI 54311 Insurance Agent or Broker $0 $0
Allocated Funds
Type of Contract Individual Policies
Basis of premium rates Supplied To Dol By Guardian Life
Premiums paid to carrier $4,140
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract Unspecified
Balance at the end of the previous year $0
Additions $0
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $0
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $0
Penn Mutual Life 2
EIN 23-0952300
Industry Code 67644
Contract Number 8108
Contract Year 01/01/2016 — 12/31/2016
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $25
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Scot J. Madson 3091 Voyager Drive Green Bay, WI 54311 Insurance Agent or Broker $25 $0
Allocated Funds
Type of Contract Individual Policies
Basis of premium rates Insurance Company Rate Books
Premiums paid to carrier $753
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract Unspecified
Balance at the end of the previous year $0
Additions $0
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $0
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $0
General American Life 1
EIN 43-0285930
Industry Code 63665
Contract Number 10732
Contract Year 01/01/2016 — 12/31/2016
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Individual Policies
Basis of premium rates NONE
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract Unspecified
Balance at the end of the previous year $0
Additions $0
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $0
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $0