Retirement plan

THERMO KING MIDWEST, INC. 401(K) PROFIT SHARING PLAN

Name: THERMO KING MIDWEST, INC. - THERMO KING MIDWEST, INC. 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: THERMO KING MIDWEST, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THERMO KING MIDWEST, INC. 401(K) PROFIT SHARING PLAN, THERMO KING MIDWEST, INC.

THERMO KING MIDWEST, INC.EIN 35-1007407Plan #002PY 2021

817 SOUTH TIBBS - INDIANAPOLIS, IN 46241317-247-4002LinkedIn51-200 employees

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$9.3M

+2.4% from 2020

Total participants

137

-5.5% from 2020

Average account balance

$81,289

+3.3% from 2020

Annual return

11.63%

-4.61 pp from 2020

Benchmarks

See 1,682 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,682 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.82M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

102

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.

65.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$517K

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

+11.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$276

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
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$8,191
EDWARD JONES1 year Service code 27 · EIN 43-0345811	Advisory (Plan)	$7,273
ASCENSUS LLC1 year Filed as: ASCENSUS Service code 49 · EIN 82-3719843	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$14K

$131 / participant

Other / not subdivided$14K100.0%

% of EOY assets

0.156%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ALERDING CPA GROUP
Auditor EIN: 352043580
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$81,289

$63,768+27.5%

$98,506-17.5%

$79,389+2.4%

Participation rate

79.3%

69.9%+9.4pp

73.3%+5.9pp

70.7%+8.6pp

Annual return

11.63%

626.18%-614.5pp

1494.92%-1483.3pp

116.89%-105.3pp

Employer contribution / active EE

$1,036

$2,558-59.5%

$2,961-65.0%

$2,428-57.3%

Participant deferral / active EE

$3,246

$3,305-1.8%

$4,277-24.1%

$4,046-19.8%

Admin fee / account holder

$127

$516-75.4%

$5,955-97.9%

$626-79.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$8,191

EDWARD JONES1 year

Service code 27 · EIN 43-0345811

Advisory (Plan)

$7,273

ASCENSUS LLC1 year

Filed as: ASCENSUS

Service code 49 · EIN 82-3719843

Other Services

THERMO KING MIDWEST, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THERMO KING MIDWEST, 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