Retirement plan

PEERLESS MIDWEST, INC. EMPLOYEE'S 401(K) PLAN

Name: PEERLESS MIDWEST, INC. - PEERLESS MIDWEST, INC. EMPLOYEE'S 401(K) PLAN (2021) Form 5500
Creator: PEERLESS MIDWEST, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PEERLESS MIDWEST, INC. EMPLOYEE'S 401(K) PLAN, PEERLESS MIDWEST, INC.

PEERLESS MIDWEST, INC.EIN 35-1284374Plan #002PY 2021

55860 RUSSELL INDUSTRIAL PARKWAY - MISHAWAKA, IN 46545574-254-9050peerlessmidwest.comLinkedIn51-200 employeesutilities

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$13.3M

No prior year

Total participants

112

No prior year

Average account balance

$149,727

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 183 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants100-249

Cohort183 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.44M

Not enough data

1 years with asset history on file

Average account balance

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

$115K

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.

108

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.

81.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$797K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+15.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8710

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

Top 2 by compensation

Provider	Service type	Compensation
BAIRD FUNDS1+ years Filed as: ROBERT W. BAIRD & CO. INC. Service code 26 · EIN 39-6037917	Advisory (Participants)	$20,618
JOHN HANCOCK LIFE INSURANCE COMPANY1+ years Filed as: JOHN HANCOCK LIFE INS. CO. U.S.A Service code 15 · EIN 01-0233346	Recordkeeping	$413

Plan features & details

Pension benefit codes2E2F2J2K2S2T3D

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).
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$28K

$266 / participant

Investment mgmt$21K72.5%
Contract admin$8K27.5%

% of EOY assets

0.213%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$149,727

$133,040+12.5%

$119,258+25.5%

$79,391+88.6%

Participation rate

78.5%

80.9%-2.4pp

82.7%-4.2pp

70.7%+7.8pp

Annual return

0.00%

20.05%-20.0pp

30.69%-30.7pp

116.88%-116.9pp

Employer contribution / active EE

$4,390-100.0%

$4,384-100.0%

$2,428-100.0%

Participant deferral / active EE

$3,549

$6,448-45.0%

$6,111-41.9%

$4,046-12.3%

Admin fee / account holder

$320

$686-53.4%

$7,226-95.6%

$627-49.0%

Provider

Service type

Compensation

BAIRD FUNDS1+ years

Filed as: ROBERT W. BAIRD & CO. INC.

Service code 26 · EIN 39-6037917

Advisory (Participants)

$20,618

JOHN HANCOCK LIFE INSURANCE COMPANY1+ years

Filed as: JOHN HANCOCK LIFE INS. CO. U.S.A

Service code 15 · EIN 01-0233346

Recordkeeping

$413

PEERLESS MIDWEST, INC. EMPLOYEE'S 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PEERLESS MIDWEST, INC. EMPLOYEE'S 401(K) 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