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 (2017) 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 2017

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

Prospect flagsLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$2M

+25.6% from 2016

Total participants

129

-7.9% from 2016

Average account balance

$18,289

+36.2% from 2016

Annual return

15.15%

+7.59 pp from 2016

Benchmarks

See 4,147 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,147 peers

Snapshot2017

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 4 by compensation

Provider	Service type	Compensation
NATIONWIDE3+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$10,165
MGO INVESTMENT ADVISORS2 years Filed as: MGO INVESTMENT ADVISORS INC. Service code 26 24400 CHAGRIN BLVD · BEACHWOOD, OH 44122	Advisory (Participants)	$5,316
MOSKAL GROSS ORCHOSKY1 year Service code 15 24400 CHAGRIN BLVD · BEACHWOOD, OH 44122	Recordkeeping	$3,451
MGO INVESTMENT ADVISORS1 year Service code 15	Recordkeeping	$2,045

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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$18,289

$64,909-71.8%

$82,313-77.8%

$62,293-70.6%

Participation rate

80.9%

74.9%+6.0pp

76.9%+4.0pp

69.5%+11.4pp

Annual return

15.15%

21.18%-6.0pp

25.88%-10.7pp

28.90%-13.7pp

Employer contribution / active EE

$425

$1,676-74.6%

$2,428-82.5%

$2,042-79.2%

Participant deferral / active EE

$2,430

$3,103-21.7%

$3,706-34.4%

$3,169-23.3%

Admin fee / account holder

$440-100.0%

$5,608-100.0%

$479-100.0%

Provider

Service type

Compensation

NATIONWIDE3+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$10,165

MGO INVESTMENT ADVISORS2 years

Filed as: MGO INVESTMENT ADVISORS INC.

Service code 26

24400 CHAGRIN BLVD · BEACHWOOD, OH 44122

Advisory (Participants)

$5,316

MOSKAL GROSS ORCHOSKY1 year

Service code 15

24400 CHAGRIN BLVD · BEACHWOOD, OH 44122

Recordkeeping

$3,451

MGO INVESTMENT ADVISORS1 year

Service code 15

Recordkeeping

$2,045

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