Retirement plan

MILLERS TEXTILE SERVICES, INC. 401(K) PROFIT SHARING PLAN

Name: MILLER'S TEXTILE SERVICES, INC. - MILLERS TEXTILE SERVICES, INC. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: MILLER'S TEXTILE SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MILLERS TEXTILE SERVICES, INC. 401(K) PROFIT SHARING PLAN, MILLER'S TEXTILE SERVICES, INC.

MILLER'S TEXTILE SERVICES, INC.EIN 34-4476175Plan #001PY 2017

520 COMMERCE DRIVE - WAPAKONETA, OH 45895419-738-3551millerstextile.comLinkedIn51-200 employeestextiles

Prospect flagsLow returnsLow employer contribution

How to read this page

Total assets (EOY)

$5.7M

+13.8% from 2016

Total participants

188

+6.2% from 2016

Average account balance

$34,572

+5.5% from 2016

Annual return

12.54%

+2.51 pp from 2016

Benchmarks

See 1,704 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,704 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.16M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

275

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.

94.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$884K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$225

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 3 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY2+ years Filed as: MORGAN STANLEY Service code 26 · EIN 26-4310632	Advisory (Participants)	$13,046
TWG BENEFITS, INC.1 year Filed as: TWG Service code 15 · EIN 36-4018918	Recordkeeping	$9,104
DYNAMIC PENSION SERVICES, INC.2+ years Service code 13 · EIN 31-1585572	Contract Administrator	$6,919

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$34K

$224 / participant

Investment mgmt$13K38.4%
Other / not subdivided$21K61.6%

% of EOY assets

0.600%

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: STROH JOHNSON & CO. LLP
Auditor EIN: 341454245
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,572

$50,637-31.7%

$86,582-60.1%

$62,293-44.5%

Participation rate

84.2%

67.9%+16.3pp

73.5%+10.7pp

69.5%+14.7pp

Annual return

12.54%

20.80%-8.3pp

965.08%-952.5pp

28.90%-16.4pp

Employer contribution / active EE

$194

$2,075-90.7%

$2,839-93.2%

$2,042-90.5%

Participant deferral / active EE

$2,047

$2,611-21.6%

$3,609-43.3%

$3,169-35.4%

Admin fee / account holder

$207

$413-49.8%

$4,904-95.8%

$479-56.7%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY2+ years

Filed as: MORGAN STANLEY

Service code 26 · EIN 26-4310632

Advisory (Participants)

$13,046

TWG BENEFITS, INC.1 year

Filed as: TWG

Service code 15 · EIN 36-4018918

Recordkeeping

$9,104

DYNAMIC PENSION SERVICES, INC.2+ years

Service code 13 · EIN 31-1585572

Contract Administrator

$6,919

MILLERS TEXTILE SERVICES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MILLERS TEXTILE SERVICES, INC. 401(K) PROFIT SHARING 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