Retirement plan

INTERSTATE-MCBEE RETIREMENT PLAN

Name: INTERSTATE-MCBEE, LLC - INTERSTATE-MCBEE RETIREMENT PLAN (2019) Form 5500
Creator: INTERSTATE-MCBEE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTERSTATE-MCBEE RETIREMENT PLAN, INTERSTATE-MCBEE, LLC

INTERSTATE-MCBEE, LLCEIN 34-1922271Plan #001PY 2019

4901 LAKESIDE AVE. E - CLEVELAND, OH 44114216-881-0015interstate-mcbee.comLinkedIn201-500 employeestransportation/trucking/railroad

Prospect flagsLow returnsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$15M

+26.1% from 2018

Total participants

283

-29.1% from 2018

Average account balance

$53,067

+40.3% from 2018

Annual return

17.90%

+23.18 pp from 2018

Benchmarks

See 2,415 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,415 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.90M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

353

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.

93.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.12M

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

+11.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$273

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

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Service providers

Top 10 of 11 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Service code 49 · EIN 04-1590850	Other Services	$101,660
CAPFINANCIAL PARTNERS LLC3 years Filed as: CAPFINANCIAL PARTNERS, LLC Service code 27 · EIN 26-0058143	Advisory (Plan)	$53,091
AMERICAN CENTURY3 years Service code 52 · EIN 43-1646043	Indirect Investment Fees	$0
AMERICAN FUNDS3 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
RAYMOND JAMES FINANCIAL SERVICES3 years Filed as: CARILLON FUNDS Service code 52 · EIN 59-2385219	Indirect Investment Fees	$0
GOLDMAN SACHS3 years Service code 52 · EIN 13-4166989	Indirect Investment Fees	$0
HARBOR3 years Service code 52 · EIN 34-1953393	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY3 years Filed as: JP MORGAN Service code 52 · EIN 33-1043149	Indirect Investment Fees	$0
LEGG MASON3 years Service code 52 · EIN 95-2705767	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT3 years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3B3D2S2T

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$155K

$609 / participant

Investment mgmt$149K96.4%
Contract admin$6K3.6%

% of EOY assets

1.030%

all-in expense ratio

Categories reported

2 / 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: MEADEN & MOORE
Auditor EIN: 341818258
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,067

$73,404-27.7%

$87,104-39.1%

$67,579-21.5%

Participation rate

100.0%

80.9%+19.1pp

76.9%+23.1pp

71.3%+28.7pp

Annual return

17.90%

48.29%-30.4pp

28.19%-10.3pp

378.56%-360.7pp

Employer contribution / active EE

$1,901

$2,014-5.6%

$2,521-24.6%

$2,148-11.5%

Participant deferral / active EE

$4,681

$3,913+19.6%

$4,048+15.6%

$3,539+32.3%

Admin fee / account holder

$547

$142+286.2%

$7,491-92.7%

$142+284.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Service code 49 · EIN 04-1590850

Other Services

$101,660

CAPFINANCIAL PARTNERS LLC3 years

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 27 · EIN 26-0058143

Advisory (Plan)

$53,091

AMERICAN CENTURY3 years

Service code 52 · EIN 43-1646043

Indirect Investment Fees

AMERICAN FUNDS3 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

RAYMOND JAMES FINANCIAL SERVICES3 years

Filed as: CARILLON FUNDS

Service code 52 · EIN 59-2385219

Indirect Investment Fees

GOLDMAN SACHS3 years

Service code 52 · EIN 13-4166989

Indirect Investment Fees

HARBOR3 years

Service code 52 · EIN 34-1953393

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY3 years

Filed as: JP MORGAN

Service code 52 · EIN 33-1043149

Indirect Investment Fees

LEGG MASON3 years

Service code 52 · EIN 95-2705767

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT3 years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

INTERSTATE-MCBEE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTERSTATE-MCBEE RETIREMENT 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