Retirement plan

MILEA TRUCK SALES CORP. 401(K) PLAN

Name: MILEA TRUCK SALES CORP. - MILEA TRUCK SALES CORP. 401(K) PLAN (2019) Form 5500
Creator: MILEA TRUCK SALES CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MILEA TRUCK SALES CORP. 401(K) PLAN, MILEA TRUCK SALES CORP.

MILEA TRUCK SALES CORP.EIN 13-3579098Plan #001PY 2019

885 EAST 149TH STREET - BRONX, NY 10455718-292-6200

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$2.9M

+31.8% from 2018

Total participants

169

+9.7% from 2018

Average account balance

$82,536

+9.2% from 2018

Annual return

22.63%

+29.56 pp from 2018

Benchmarks

See 2,363 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,363 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.07M

Not enough data

1 years with asset history on file

Average account balance

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

$175K

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.

19.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$232K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+18.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2593

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

Top 7 by compensation

Provider	Service type	Compensation
AMERIPRISE FINANCIAL SERVICES INC4 years Service code 49 · EIN 41-0973005	Other Services	$7,389
UNITED BENEFIT PENSIONS INC.4 years Service code 49 · EIN 36-4517541	Other Services	$1,201
MASSACHUSETTS MUTUAL LIFE INS. CO.4 years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850	Recordkeeping	$444
MESIROW FINANCIAL INVESTMENT MANAGE4 years Filed as: MESIROW FINANCIAL INV MANAGEMENT IN Service code 49	Other Services	$27
MESIROW FINANCIAL INVESTMENT MANAGE2 years Filed as: MESIROW FINANCIAL INVEST MANAGEMENT Service code 49 · EIN 36-3429599	Other Services	$27
MASSACHUSETTS MUTUAL LIFE INS. CO.4 years Filed as: MASS MUTUAL LIFE INSURANCE COMPANY Service code 15	Recordkeeping	$4
ENVESTNET RETIREMENT SOLUTIONS, LLC2 years Filed as: ENVESTNET RETIREMENT SOLUTIONS Service code 27 · EIN 61-1732930	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2G2J2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$3K

$18 / participant

Contract admin$3K100.0%

% of EOY assets

0.104%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: NUSSBAUM BERG KLEIN & WOLPOW, CPA'S
Auditor EIN: 260221653
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,536

$86,341-4.4%

$125,195-34.1%

$65,186+26.6%

Participation rate

18.8%

75.3%-56.5pp

79.8%-61.0pp

70.2%-51.4pp

Annual return

22.63%

27.44%-4.8pp

43.79%-21.2pp

29.39%-6.8pp

Employer contribution / active EE

$2,040-100.0%

$3,866-100.0%

$2,177-100.0%

Participant deferral / active EE

$1,228

$3,538-65.3%

$4,937-75.1%

$3,514-65.0%

Admin fee / account holder

$85

$609-86.0%

$9,704-99.1%

$847-89.9%

Provider

Service type

Compensation

AMERIPRISE FINANCIAL SERVICES INC4 years

Service code 49 · EIN 41-0973005

Other Services

$7,389

UNITED BENEFIT PENSIONS INC.4 years

Service code 49 · EIN 36-4517541

Other Services

$1,201

MASSACHUSETTS MUTUAL LIFE INS. CO.4 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 15 · EIN 04-1590850

Recordkeeping

$444

MESIROW FINANCIAL INVESTMENT MANAGE4 years

Filed as: MESIROW FINANCIAL INV MANAGEMENT IN

Service code 49

Other Services

$27

MESIROW FINANCIAL INVESTMENT MANAGE2 years

Filed as: MESIROW FINANCIAL INVEST MANAGEMENT

Service code 49 · EIN 36-3429599

Other Services

$27

MASSACHUSETTS MUTUAL LIFE INS. CO.4 years

Filed as: MASS MUTUAL LIFE INSURANCE COMPANY

Service code 15

Recordkeeping

ENVESTNET RETIREMENT SOLUTIONS, LLC2 years

Filed as: ENVESTNET RETIREMENT SOLUTIONS

Service code 27 · EIN 61-1732930

Advisory (Plan)

MILEA TRUCK SALES CORP. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MILEA TRUCK SALES CORP. 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