Retirement plan

MIDSTATE EMPLOYEE SAVINGS & RETIREMENT PLAN

Name: MIDSTATE MANUFACTURING COMPANY - MIDSTATE EMPLOYEE SAVINGS & RETIREMENT PLAN (2015) Form 5500
Creator: MIDSTATE MANUFACTURING COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIDSTATE EMPLOYEE SAVINGS & RETIREMENT PLAN, MIDSTATE MANUFACTURING COMPANY

MIDSTATE MANUFACTURING COMPANYEIN 37-1082009Plan #001PY 2015

750 WEST THIRD STREET - GALESBURG, IL 61401309-342-9555midstate-mfg.comLinkedIn11-50 employeesmechanical or industrial engineering

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$2.8M

No prior year

Total participants

165

No prior year

Average account balance

$16,883

No prior year

Annual return

0.39%

No prior year

Benchmarks

See 3,906 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort3,906 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.27M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

207

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.

88.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$950K

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

+12.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$196

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 1 by compensation

Provider	Service type	Compensation
ASCENSUS LLC1+ years Filed as: ASCENSUS INC Service code 64 · EIN 11-3665754	Recordkeeping Fees	$3,051

Plan features & details

Pension benefit codes2E2G2J2K

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$3K

$22 / participant

Contract admin$3K100.0%

% of EOY assets

0.110%

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: CLIFTONLARSONALLEN
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,883

$54,320-68.9%

$67,653-75.0%

$52,331-67.7%

Participation rate

100.0%

73.6%+26.4pp

75.7%+24.3pp

68.1%+31.9pp

Annual return

0.39%

6.81%-6.4pp

6625.22%-6624.8pp

4.54%-4.2pp

Employer contribution / active EE

$444

$1,544-71.2%

$2,266-80.4%

$1,882-76.4%

Participant deferral / active EE

$908

$2,950-69.2%

$3,560-74.5%

$3,022-70.0%

Admin fee / account holder

$18

$527-96.5%

$4,821-99.6%

$592-96.9%

Provider

Service type

Compensation

ASCENSUS LLC1+ years

Filed as: ASCENSUS INC

Service code 64 · EIN 11-3665754

Recordkeeping Fees

$3,051

MIDSTATE EMPLOYEE SAVINGS & RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIDSTATE EMPLOYEE SAVINGS & RETIREMENT 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