Retirement plan

MID AMERICA BEVERAGE, INC. 401(K) PLAN B

Name: MID AMERICA BEVERAGE, INC. - MID AMERICA BEVERAGE, INC. 401(K) PLAN B (2021) Form 5500
Creator: MID AMERICA BEVERAGE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MID AMERICA BEVERAGE, INC. 401(K) PLAN B, MID AMERICA BEVERAGE, INC.

MID AMERICA BEVERAGE, INC.EIN 35-1083044Plan #002PY 2021

2755 COMMERCE DRIVE - KOKOMO, IN 46902765-459-4111midambev.comLinkedIn51-200 employees

Other plans on this EIN

1 filing

#001Retirement-$2.4M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$4.3M

+21.4% from 2020

Total participants

+10.6% from 2020

Average account balance

$61,693

+9.1% from 2020

Annual return

11.03%

-1.65 pp from 2020

Benchmarks

See 9,036 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,036 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.11M

Not enough data

1 years with asset history on file

Average account balance

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

$102K

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.

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.

101.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$559K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+8.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$19238

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D3F

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

2 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.

Expense breakdown

Schedule H Part II

Admin total

$110K

$1863 / participant

Other / not subdivided$110K100.0%

% of EOY assets

2.582%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,693

$99,994-38.3%

$146,647-57.9%

$85,851-28.1%

Participation rate

93.2%

73.1%+20.2pp

80.1%+13.1pp

69.3%+23.9pp

Annual return

11.03%

18.93%-7.9pp

22.75%-11.7pp

318.63%-307.6pp

Employer contribution / active EE

$4,928

$2,559+92.6%

$4,137+19.1%

$2,565+92.1%

Participant deferral / active EE

$2,524

$4,006-37.0%

$5,506-54.2%

$3,952-36.1%

Admin fee / account holder

$1,593

$7,703-79.3%

$10,281-84.5%

$6,261-74.6%

MID AMERICA BEVERAGE, INC. 401(K) PLAN B

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MID AMERICA BEVERAGE, INC. 401(K) PLAN B

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