Retirement plan

MIDWEST ENGINEERING & AUTOMATION INCORPORATED SAFE HARBOR 401(K) PLAN

Name: MIDWEST ENGINEERING & AUTOMATION INCORPORATED - MIDWEST ENGINEERING & AUTOMATION INCORPORATED SAFE HARBOR 401(K) PLAN (2017) Form 5500
Creator: MIDWEST ENGINEERING & AUTOMATION INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIDWEST ENGINEERING & AUTOMATION INCORPORATED SAFE HARBOR 401(K) PLAN, MIDWEST ENGINEERING & AUTOMATION INCORPORATED

MIDWEST ENGINEERING & AUTOMATION INCORPORATEDEIN 20-5808775Plan #001PY 2017

10352 GOLDEN RIDGE DRIVE - WADSWORTH, OH 44281330-336-4666mwohio.comLinkedIn11-50 employeesindustrial automation

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$790K

+64.6% from 2016

Total participants

+5.6% from 2016

Average account balance

$52,665

+42.7% from 2016

Annual return

21.67%

+9.81 pp from 2016

Benchmarks

See 114,331 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort114,331 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.51M

Not enough data

1 years with asset history on file

Average account balance

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

$64K

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.

114.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$222K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$642

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 codes2E2J2F2G3D

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

1 tripped

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

$3K

$180 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.388%

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

$52,665

$150,442-65.0%

$136,295-61.4%

$147,585-64.3%

Participation rate

76.5%

84.4%-8.0pp

81.9%-5.5pp

82.8%-6.4pp

Annual return

21.67%

1049.09%-1027.4pp

5155.97%-5134.3pp

578.56%-556.9pp

Employer contribution / active EE

$5,782

$5,256+10.0%

$4,695+23.1%

$4,876+18.6%

Participant deferral / active EE

$6,341

$6,630-4.4%

$6,247+1.5%

$5,439+16.6%

Admin fee / account holder

$204

$10,905-98.1%

$9,243-97.8%

$10,885-98.1%

MIDWEST ENGINEERING & AUTOMATION INCORPORATED SAFE HARBOR 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIDWEST ENGINEERING & AUTOMATION INCORPORATED SAFE HARBOR 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