Retirement plan

MICHAEL LEWIS COMPANY EMPLOYEES' PROFIT SHARING PLAN & TRUST

Name: MICHAEL LEWIS COMPANY - MICHAEL LEWIS COMPANY EMPLOYEES' PROFIT SHARING PLAN & TRUST (2016) Form 5500
Creator: MICHAEL LEWIS COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MICHAEL LEWIS COMPANY EMPLOYEES' PROFIT SHARING PLAN & TRUST, MICHAEL LEWIS COMPANY

MICHAEL LEWIS COMPANYEIN 36-0905140Plan #001PY 2016

8900 WEST 50TH STREET - MCCOOK, IL 60525708-688-2200mlco.comLinkedIn201-500 employeeslogistics and supply chain

Prospect flagsHigh feesHigh cash

How to read this page

Total assets (EOY)

$24.9M

+11.4% from 2015

Total participants

163

-0.6% from 2015

Average account balance

$152,633

+12.1% from 2015

Annual return

5.70%

+4.91 pp from 2015

Benchmarks

See 875 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort875 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$44.72M

Not enough data

1 years with asset history on file

Average account balance

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

$186K

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.

240

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.

92.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.82M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+15.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$212

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
HOWARD SIMON & ASSOCIATES, INC.2+ years Service code 17 304 SAUNDERS ROAD · RIVERWOODS, IL 60015	Pension Consulting	$25,285
INDEPENDENT FINANCIAL GROUP LLC2+ years Filed as: INDEPENDENT FINANCIAL GROUP, LLC Service code 26 12636 HIGH BLUFF DRIVE · SAN DIEGO, CA 92130	Advisory (Participants)	$25,084

Plan features & details

Pension benefit codes2E2H2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$50K

$352 / participant

Contract admin$50K100.0%

% of EOY assets

0.202%

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: LIPSCHULTZ, LEVIN & GRAY, L.L.C.
Auditor EIN: 362260623
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$152,633

$25,723+493.4%

$69,182+120.6%

$55,167+176.7%

Participation rate

100.0%

39.4%+60.6pp

55.1%+44.9pp

69.0%+31.0pp

Annual return

5.70%

9.56%-3.9pp

-21.93%+27.6pp

169.23%-163.5pp

Employer contribution / active EE

$7,611

$480+1484.1%

$1,206+531.0%

$1,963+287.8%

Participant deferral / active EE

$4,306

$963+347.0%

$1,897+127.0%

$3,054+41.0%

Admin fee / account holder

$309

$365-15.3%

$2,697-88.5%

$504-38.7%

Provider

Service type

Compensation

HOWARD SIMON & ASSOCIATES, INC.2+ years

Service code 17

304 SAUNDERS ROAD · RIVERWOODS, IL 60015

Pension Consulting

$25,285

INDEPENDENT FINANCIAL GROUP LLC2+ years

Filed as: INDEPENDENT FINANCIAL GROUP, LLC

Service code 26

12636 HIGH BLUFF DRIVE · SAN DIEGO, CA 92130

Advisory (Participants)

$25,084

MICHAEL LEWIS COMPANY EMPLOYEES' PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MICHAEL LEWIS COMPANY EMPLOYEES' PROFIT SHARING PLAN & TRUST

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