Retirement plan

MILL CITY ENVIRONMENTAL CORPORATION 401(K) PLAN

Name: MILL CITY ENVIRONMENTAL CORPORATION - MILL CITY ENVIRONMENTAL CORPORATION 401(K) PLAN (2018) Form 5500
Creator: MILL CITY ENVIRONMENTAL CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MILL CITY ENVIRONMENTAL CORPORATION 401(K) PLAN, MILL CITY ENVIRONMENTAL CORPORATION

MILL CITY ENVIRONMENTAL CORPORATIONEIN 04-3582883Plan #001PY 2018

116 JOHN STREET - LOWELL, MA 01852978-654-6741millcityenv.comLinkedIn11-50 employeesenvironmental services

Prospect flagsLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$336K

-3.7% from 2017

Total participants

+5.9% from 2017

Average account balance

$10,177

-3.7% from 2017

Annual return

-5.84%

-14.88 pp from 2017

Benchmarks

See 3,933 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants25-99

Cohort3,933 peers

Snapshot2018

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$758K

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$58K

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.

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.

130.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$41K

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

+13.27%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$4406

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

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$4K

$141 / participant

Other / not subdivided$4K100.0%

% of EOY assets

1.174%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,177

$42,383-76.0%

$76,518-86.7%

$64,173-84.1%

Participation rate

89.3%

58.1%+31.1pp

68.0%+21.3pp

69.6%+19.7pp

Annual return

-5.84%

-16.54%+10.7pp

-0.27%-5.6pp

7.63%-13.5pp

Employer contribution / active EE

$1,563-100.0%

$2,647-100.0%

$2,381-100.0%

Participant deferral / active EE

$272

$2,566-89.4%

$3,836-92.9%

$3,470-92.2%

Admin fee / account holder

$119

$3,198-96.3%

$4,849-97.5%

$4,887-97.6%

MILL CITY ENVIRONMENTAL CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MILL CITY ENVIRONMENTAL CORPORATION 401(K) 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