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Overview

Plan Information

  • Plan Year01/01/2019 — 12/31/2019
  • Date of Plan01/01/2000
  • Net Assets as of 12/31/2019 $560,881,264
  • Plan Number5
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2019

  • Active (Eligible) Participants7,916
  • Retired or separated participants receiving benefits155
  • Other retired or separated participants entitled to future benefits2,083
  • Subtotal10,154
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits34
  • Total10,188
  • Total number of participants as of 01/01/20199,638
  • Number of participants with account balances9,708
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested370

Expenses

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

Sponsor Information

  • Address2200 Westwood Drive
  • CityWausau
  • StateWI
  • Zip54401
  • Telephone(715) 847-2800
  • EIN39-1328331
  • Industry Code622000
  • Named AdministratorJohn Heisler

Audit Information

  • Audit StatusAudited
  • AuditorVipfli LLP
  • Auditor EIN39-0758449
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
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.
2L Code section 403(b)(1) arrangement A 403(b) plan, also known as a tax-sheltered annuity (TSA) plan, is a retirement plan for certain employees of public schools, employees of certain tax-exempt organizations, and certain ministers.
2M Code section 403(b)(7) accounts A 403(b)(7) plan is a tax-deferred retirement plan often available to employees of public schools or non-profit organizations.

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 $500,000
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 $146,925,692
Contributions $56,093,382
Cash Contributions $56,093,382
Cash from Employers $20,363,427
Cash from Participants $31,392,175
Others (including rollovers) $4,337,780
Noncash Contributions $0
Total Earnings on Investments $90,723,766
Total Interest $322,591
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $219,876
Interest from Other Investments $102,715
Total Dividends $30,539,749
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $0
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 $59,861,426
Other Income $108,544
Expenses $41,364,304
Total Benefit Payments $40,002,735
Directly to participants or beneficiaries, including direct rollovers $40,002,735
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $2,458
Certain deemed distributions of participant loans $127,038
Interest expense $0
Total Administrative Expenses $1,232,073
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $544,230
Other Administrative Fees $687,843
Net Income $105,561,388
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2019 12/31/2018 Change YOY
Total Assets $560,881,264 $455,319,876 23.18%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $9,615,248 $9,306,515 3.32%
Employer Contributions $9,615,248 $9,306,515 3.32%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $0 $364 -100.00%
Interest-bearing cash $0 $364 -100.00%
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 $3,910,467 $3,647,364 7.21%
Value of interest in common/collective trusts $0 $0 0.0%
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 $488,782,413 $382,338,275 27.84%
Value of funds held in insurance co. general account $58,573,136 $60,027,358 -2.42%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $560,881,264 $455,319,876 23.18%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Great-West Life & Annuity Ins Co

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
Great-West Life & Annuity Insurance Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Direct payment from the plan, Recordkeeping fees NONE $669,468 $0 $669,468
Francis Investment Counsel LLC Investment advisory (plan), Direct payment from the plan NONE $203,582 $0 $203,582
Total $873,050 $0 $873,050

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

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

No investments information available for this plan.

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Metropolitan Life Insurance Company 7,916
EIN 13-5581829
Industry Code 65978
Contract Number 32804
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $52,651,995
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 Unspecified
Basis of premium rates
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 Guaranteed Investment
Balance at the end of the previous year $53,808,169
Additions $9,234,873
Contributions Deposited during the year $7,779,794
Dividends and credits $0
Interest credited during the year $1,455,079
Transferred from separate account $0
Other $0
Total of Balance and Additions $63,043,042
Deductions $10,391,047
Disbursed from fund to pay benefits or purchase annuities during the year $10,391,047
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $52,651,995
Voya Retirement Insurance and Annuity Company 123
EIN 71-0294708
Industry Code 86509
Contract Number VE0622
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $3,026,387
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $6,493
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
American Portfolios Financial Svc 4250 Veterans Memorial Hwy,Ste 420E Holbrook, NY 11741 Insurance Agent or Broker $6,493 $0
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
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 Guaranteed Investment
Balance at the end of the previous year $3,212,633
Additions $122,957
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $122,381
Transferred from separate account $576
Other $0
Total of Balance and Additions $3,335,590
Deductions $309,203
Disbursed from fund to pay benefits or purchase annuities during the year $309,203
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $3,026,387
Voya Retirement Insurance and Annuity Company 10
EIN 71-0294708
Industry Code 86509
Contract Number VE0628
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $65,775
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $125
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
American Portfolios Financial Svc 4250 Veterans Memorial Hwy,Ste 420E Holbrook, NY 11741 Insurance Agent or Broker $125 $0
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
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 Guaranteed Investment
Balance at the end of the previous year $78,161
Additions $2,686
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $2,686
Transferred from separate account $0
Other $0
Total of Balance and Additions $80,847
Deductions $15,072
Disbursed from fund to pay benefits or purchase annuities during the year $15,048
Administration charge made by carrier $24
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $65,775
Voya Retirement Insurance and Annuity Company 8
EIN 71-0294708
Industry Code 86509
Contract Number VE0594
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $106,109
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $168
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
American Portfolios Financial Svc 4250 Veterans Memorial Hwy,Ste 420E Holbrook, NY 11741 Insurance Agent or Broker $168 $0
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
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 Guaranteed Investment
Balance at the end of the previous year $104,427
Additions $4,108
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $4,108
Transferred from separate account $0
Other $0
Total of Balance and Additions $108,535
Deductions $2,426
Disbursed from fund to pay benefits or purchase annuities during the year $2,407
Administration charge made by carrier $19
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $106,109
Voya Retirement Insurance and Annuity Company 2
EIN 71-0294708
Industry Code 86509
Contract Number VF6065
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $25,250
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $27
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
American Portfolios Financial Svc 4250 Veterans Memorial Hwy,Ste 420E Holbrook, NY 11741 Insurance Agent or Broker $27 $0
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
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 Guaranteed Investment
Balance at the end of the previous year $25,083
Additions $999
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $999
Transferred from separate account $0
Other $0
Total of Balance and Additions $26,082
Deductions $832
Disbursed from fund to pay benefits or purchase annuities during the year $827
Administration charge made by carrier $5
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $25,250
Voya Retirement Insurance and Annuity Company 1
EIN 71-0294708
Industry Code 86509
Contract Number VE0869
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $5,739
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $5
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
American Portfolios Financial Svc 4250 Veterans Memorial Hwy,Ste 420E Holbrook, NY 11741 Insurance Agent or Broker $5 $0
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
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 Guaranteed Investment
Balance at the end of the previous year $5,523
Additions $221
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $221
Transferred from separate account $0
Other $0
Total of Balance and Additions $5,744
Deductions $5
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $5
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $5,739
Voya Retirement Insurance and Annuity Company 1
EIN 71-0294708
Industry Code 86509
Contract Number VE0897
Contract Year 01/01/2019 — 12/31/2019
Value in General Account at Year End $33,531
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $34
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
American Portfolios Financial Svc 4250 Veterans Memorial Hwy,Ste 420E Holbrook, NY 11741 Insurance Agent or Broker $34 $0
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
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 Guaranteed Investment
Balance at the end of the previous year $34,498
Additions $1,369
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $1,369
Transferred from separate account $0
Other $0
Total of Balance and Additions $35,867
Deductions $2,336
Disbursed from fund to pay benefits or purchase annuities during the year $2,331
Administration charge made by carrier $5
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $33,531