Retirement plan

MIDWEST TRANSIT EQUIPMENT, INC. PROFIT SHARING 401(K) PLAN AND TRUST

Name: MIDWEST TRANSIT EQUIPMENT, INC. C/O CARNOW & ASSOCIATES, LTD. - MIDWEST TRANSIT EQUIPMENT, INC. PROFIT SHARING 401(K) PLAN AND TRUST (2016) Form 5500
Creator: MIDWEST TRANSIT EQUIPMENT, INC. C/O CARNOW & ASSOCIATES, LTD.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIDWEST TRANSIT EQUIPMENT, INC. PROFIT SHARING 401(K) PLAN AND TRUST, MIDWEST TRANSIT EQUIPMENT, INC. C/O CARNOW & ASSOCIATES, LTD.

MIDWEST TRANSIT EQUIPMENT, INC. C/O CARNOW & ASSOCIATES, LTD.EIN 36-3033895Plan #001PY 2016

778 FRONTAGE ROAD, SUITE 101 - NORTHFIELD, IL 600931209847-501-4622midwesttransit.comLinkedIn201-500 employeesautomotive

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$28.5M

No prior year

Total participants

438

No prior year

Average account balance

$77,757

No prior year

Annual return

1.65%

No prior year

Benchmarks

See 634 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort634 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.95M

Not enough data

1 years with asset history on file

Average account balance

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

$110K

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.

244

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.

80.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.85M

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

+11.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$505

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 4 by compensation

Provider	Service type	Compensation
CETERA ADVISOR NETWORKS LLC1+ years Filed as: CETERA FINANCIAL SPECIALISTS LLC Service code 22 GE FINANCIAL ASSURANCE · SCHAUMBURG, IL 60173	Insurance Broker	$64,051
MORNINGSTAR1+ years Filed as: MORNINGSTAR ASSOCIATES Service code 26 · EIN 36-3297908 ENTITY · HARTFORD, CT 06156	Advisory (Participants)	$18,420
VOYA RETIREMENT INSURANCE & ANNUITY1+ years Service code 27	Advisory (Plan)	$12,810
VOYA RETIREMENT INSURANCE & ANNUITY1+ years Filed as: VOYA LIFE INSURANCE & ANNUITY COMP Service code 26 · EIN 71-0294708 ENTITY · HARTFORD, CT 06156	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K

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.

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

$17K

$51 / participant

Other / not subdivided$17K100.0%

% of EOY assets

0.061%

all-in expense ratio

Categories reported

0 / 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: FK ADVISORS
Auditor EIN: 363802885
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$77,757

$39,819+95.3%

$67,834+14.6%

$57,658+34.9%

Participation rate

78.9%

61.2%+17.6pp

68.8%+10.1pp

70.2%+8.6pp

Annual return

1.65%

9.19%-7.5pp

138.47%-136.8pp

5.13%-3.5pp

Employer contribution / active EE

$4,610

$1,277+261.1%

$2,403+91.8%

$1,974+133.6%

Participant deferral / active EE

$2,565

$2,209+16.1%

$3,160-18.8%

$3,061-16.2%

Admin fee / account holder

$47

$84-43.7%

$4,622-99.0%

$95-50.2%

Provider

Service type

Compensation

CETERA ADVISOR NETWORKS LLC1+ years

Filed as: CETERA FINANCIAL SPECIALISTS LLC

Service code 22

GE FINANCIAL ASSURANCE · SCHAUMBURG, IL 60173

Insurance Broker

$64,051

MORNINGSTAR1+ years

Filed as: MORNINGSTAR ASSOCIATES

Service code 26 · EIN 36-3297908

ENTITY · HARTFORD, CT 06156

Advisory (Participants)

$18,420

VOYA RETIREMENT INSURANCE & ANNUITY1+ years

Service code 27

Advisory (Plan)

$12,810

VOYA RETIREMENT INSURANCE & ANNUITY1+ years

Filed as: VOYA LIFE INSURANCE & ANNUITY COMP

Service code 26 · EIN 71-0294708

ENTITY · HARTFORD, CT 06156

Advisory (Participants)

MIDWEST TRANSIT EQUIPMENT, INC. PROFIT SHARING 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIDWEST TRANSIT EQUIPMENT, INC. PROFIT SHARING 401(K) PLAN AND 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