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 (2019) 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 2019

2400 WINTER STREET - SUPERIOR, WI 54880715-392-9807LinkedIn1-10 employees

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$18.5M

+15.4% from 2018

Total participants

-9.0% from 2018

Average account balance

$303,998

+26.8% from 2018

Annual return

21.49%

+26.72 pp from 2018

Benchmarks

See 3,673 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort3,673 peers

Snapshot2019

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$1.8M

$34552 / participant

Other / not subdivided$2M100.0%

% of EOY assets

9.875%

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

$303,998

$55,684+445.9%

$75,900+300.5%

$72,976+316.6%

Participation rate

100.0%

61.1%+38.9pp

69.3%+30.7pp

69.5%+30.5pp

Annual return

21.49%

27.60%-6.1pp

30.73%-9.2pp

81.02%-59.5pp

Employer contribution / active EE

$7,791

$1,687+361.8%

$2,501+211.5%

$2,440+219.3%

Participant deferral / active EE

$7,387

$2,634+180.4%

$3,604+105.0%

$3,608+104.7%

Admin fee / account holder

$30,020

$3,981+654.0%

$5,421+453.8%

$5,124+485.9%

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