Retirement plan

MOTOR TRUCK EQUIPMENT CO. 401(K) PLAN

Name: MOTOR TRUCK EQUIPMENT CO. - MOTOR TRUCK EQUIPMENT CO. 401(K) PLAN (2018) Form 5500
Creator: MOTOR TRUCK EQUIPMENT CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MOTOR TRUCK EQUIPMENT CO. 401(K) PLAN, MOTOR TRUCK EQUIPMENT CO.

MOTOR TRUCK EQUIPMENT CO.EIN 23-1287636Plan #002PY 2018

198 KOST ROAD - CARLISLE, PA 170130922717-766-8000motortruckthermoking.comLinkedIn201-500 employeestransportation/trucking/railroad

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$10M

+0.8% from 2017

Total participants

262

+0.8% from 2017

Average account balance

$47,685

-1.6% from 2017

Annual return

-6.45%

-21.14 pp from 2017

Benchmarks

See 2,219 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,219 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.47M

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.

299

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.

85.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.94M

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

+12.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$284

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 71-0294708 P.O. BOX 990067 · HARTFORD, CT 06199	Advisory (Participants)	$0
VALLEY FORGE INVESTMENT CONSULTANTS3 years Filed as: VALLEY FORGE PENSION MANAGEMENT Service code 99 · EIN 23-1287636 130 SOUTH MAIN STREET · MUNCY, PA 17756	Other Fees	$0
VOYA RETIREMENT INSURANCE & ANNUITY2 years Filed as: VOYA Service code 26 · EIN 71-0294708 P.O. BOX 990067 · HARTFORD, CT 06199	Advisory (Participants)	$0
VOYA RETIREMENT INSURANCE & ANNUITY4+ years Filed as: VOYA LIFE INSURANCE & ANNUITY CO. Service code 26 · EIN 71-0294708 P.O. BOX 990067 · HARTFORD, CT 06199	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2F2G2J2K3D3H2E2T

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.
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 to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$3K

$11 / participant

Contract admin$3K100.0%

% of EOY assets

0.027%

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: BROWN SCHULTZ SHERIDAN & FRITZ
Auditor EIN: 251644159
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,685

$42,548+12.1%

$74,549-36.0%

$56,287-15.3%

Participation rate

78.5%

60.5%+18.0pp

69.1%+9.3pp

69.9%+8.6pp

Annual return

-6.45%

12.40%-18.9pp

32.53%-39.0pp

-9.96%+3.5pp

Employer contribution / active EE

$973

$855+13.8%

$1,961-50.4%

$2,111-53.9%

Participant deferral / active EE

$2,635

$2,277+15.7%

$3,108-15.2%

$3,350-21.3%

Admin fee / account holder

$13

$467-97.3%

$5,059-99.7%

$521-97.5%

Provider

Service type

Compensation

MORNINGSTAR2 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 71-0294708

P.O. BOX 990067 · HARTFORD, CT 06199

Advisory (Participants)

VALLEY FORGE INVESTMENT CONSULTANTS3 years

Filed as: VALLEY FORGE PENSION MANAGEMENT

Service code 99 · EIN 23-1287636

130 SOUTH MAIN STREET · MUNCY, PA 17756

Other Fees

VOYA RETIREMENT INSURANCE & ANNUITY2 years

Filed as: VOYA

Service code 26 · EIN 71-0294708

P.O. BOX 990067 · HARTFORD, CT 06199

Advisory (Participants)

VOYA RETIREMENT INSURANCE & ANNUITY4+ years

Filed as: VOYA LIFE INSURANCE & ANNUITY CO.

Service code 26 · EIN 71-0294708

P.O. BOX 990067 · HARTFORD, CT 06199

Advisory (Participants)

MOTOR TRUCK EQUIPMENT CO. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MOTOR TRUCK EQUIPMENT CO. 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