Retirement plan

MIDWEST ACOUST-A-FIBER, INC. 401K PROFIT SHARING PLAN & TRUST

Name: MIDWEST ACOUST-A-FIBER, INC. - MIDWEST ACOUST-A-FIBER, INC. 401K PROFIT SHARING PLAN & TRUST (2016) Form 5500
Creator: MIDWEST ACOUST-A-FIBER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIDWEST ACOUST-A-FIBER, INC. 401K PROFIT SHARING PLAN & TRUST, MIDWEST ACOUST-A-FIBER, INC.

MIDWEST ACOUST-A-FIBER, INC.EIN 31-0985743Plan #001PY 2016

759 PITTSBURGH DRIVE - DELAWARE, OH 43015740-369-3624

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$1.6M

+11.4% from 2015

Total participants

140

-26.7% from 2015

Average account balance

$13,427

+53.7% from 2015

Annual return

7.57%

+9.51 pp from 2015

Benchmarks

See 4,221 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,221 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.21M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

229

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.

35.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$600K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+13.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$98

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 3 by compensation

Provider	Service type	Compensation
NATIONWIDE2+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$7,375
MOSKAL GROSS ORCHOSKY1 year Filed as: MOSKAL GROSS ORCHOSKY INC. Service code 15 24400 CHAGRIN BLVD. · BEACHWOOD, OH 44122	Recordkeeping	$5,670
MGO INVESTMENT ADVISORS1 year Filed as: MGO INVESTMENT ADVISORS INC. Service code 26 24400 CHAGRIN BLVD. · BEACHWOOD, OH 44122	Advisory (Participants)	$4,574

Plan features & details

Pension benefit codes2E2F2G2J3H2T

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.
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.
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

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

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: GBQ PARTNERS
Auditor EIN: 202122306
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,427

$60,165-77.7%

$74,184-81.9%

$55,167-75.7%

Participation rate

79.5%

74.2%+5.3pp

76.6%+2.9pp

69.0%+10.5pp

Annual return

7.57%

10.00%-2.4pp

17.74%-10.2pp

169.23%-161.7pp

Employer contribution / active EE

$451

$1,600-71.8%

$2,370-81.0%

$1,963-77.0%

Participant deferral / active EE

$2,168

$2,973-27.1%

$3,550-38.9%

$3,054-29.0%

Admin fee / account holder

$419-100.0%

$5,586-100.0%

$504-100.0%

Provider

Service type

Compensation

NATIONWIDE2+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$7,375

MOSKAL GROSS ORCHOSKY1 year

Filed as: MOSKAL GROSS ORCHOSKY INC.

Service code 15

24400 CHAGRIN BLVD. · BEACHWOOD, OH 44122

Recordkeeping

$5,670

MGO INVESTMENT ADVISORS1 year

Filed as: MGO INVESTMENT ADVISORS INC.

Service code 26

24400 CHAGRIN BLVD. · BEACHWOOD, OH 44122

Advisory (Participants)

$4,574

MIDWEST ACOUST-A-FIBER, INC. 401K PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

MIDWEST ACOUST-A-FIBER, INC. 401K PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion