Retirement plan

MIDWEST ENERGY RESOURCES COMPANY RETIREMENT PLAN FOR UNION EMPLOYEES

Name: MIDWEST ENERGY RESOURCES COMPANY - MIDWEST ENERGY RESOURCES COMPANY RETIREMENT PLAN FOR UNION EMPLOYEES (2018) Form 5500
Creator: MIDWEST ENERGY RESOURCES COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIDWEST ENERGY RESOURCES COMPANY RETIREMENT PLAN FOR UNION EMPLOYEES, MIDWEST ENERGY RESOURCES COMPANY

MIDWEST ENERGY RESOURCES COMPANYEIN 38-2049779Plan #002PY 2018

2400 WINTER ST - SUPERIOR, WI 548801473715-392-9807LinkedIn1-10 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$16.1M

-1.8% from 2017

Total participants

0.0% from 2017

Average account balance

$239,747

-1.8% from 2017

Annual return

-5.23%

-23.30 pp from 2017

Benchmarks

See 3,617 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort3,617 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.28M

Not enough data

1 years with asset history on file

Average account balance

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

$364K

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.

132.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$801K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+13.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2465

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 codes2E2G2J3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$384K

$6502 / participant

Other / not subdivided$384K100.0%

% of EOY assets

2.388%

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

$239,747

$49,280+386.5%

$67,313+256.2%

$64,173+273.6%

Participation rate

100.0%

60.8%+39.2pp

69.1%+30.9pp

69.6%+30.4pp

Annual return

-5.23%

-1.39%-3.8pp

-4.08%-1.2pp

7.63%-12.9pp

Employer contribution / active EE

$7,710

$1,668+362.1%

$2,566+200.5%

$2,381+223.9%

Participant deferral / active EE

$7,237

$2,484+191.3%

$3,568+102.8%

$3,470+108.6%

Admin fee / account holder

$5,726

$3,863+48.2%

$4,507+27.0%

$4,887+17.2%

MIDWEST ENERGY RESOURCES COMPANY RETIREMENT PLAN FOR UNION EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIDWEST ENERGY RESOURCES COMPANY RETIREMENT PLAN FOR UNION EMPLOYEES

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