Retirement plan

MORRISON INDUSTRIES, INC. RETIREMENT SAVINGS PLAN

Name: MORRISON INDUSTRIES, INC. - MORRISON INDUSTRIES, INC. RETIREMENT SAVINGS PLAN (2017) Form 5500
Creator: MORRISON INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MORRISON INDUSTRIES, INC. RETIREMENT SAVINGS PLAN, MORRISON INDUSTRIES, INC.

MORRISON INDUSTRIES, INC.EIN 38-2360979Plan #001PY 2017

1825 MONROE AVENUE NW - GRAND RAPIDS, MI 495056240616-447-3831morrison.industriesLinkedIn201-500 employeeslogistics and supply chain

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$17.2M

+19.6% from 2016

Total participants

567

+1.1% from 2016

Average account balance

$31,308

+20.7% from 2016

Annual return

16.26%

+8.56 pp from 2016

Benchmarks

See 1,232 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,232 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$35.65M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

693

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.

91.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.98M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$222

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
TRANSAMERICA RETIREMENT SOLUTIONS3+ years Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781	Recordkeeping	$12,017
STONEHENGE CONSULTING, PLC2 years Service code 17 · EIN 61-1441770	Pension Consulting	$6,500

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$19K

$40 / participant

Other / not subdivided$19K100.0%

% of EOY assets

0.108%

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: STONEHENGE CONSULTING, PLC
Auditor EIN: 611441770
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,308

$71,666-56.3%

$117,861-73.4%

$69,631-55.0%

Participation rate

96.3%

77.5%+18.8pp

79.7%+16.6pp

70.7%+25.6pp

Annual return

16.26%

18.86%-2.6pp

335.11%-318.8pp

27571.02%-27554.8pp

Employer contribution / active EE

$457

$1,889-75.8%

$3,786-87.9%

$2,032-77.5%

Participant deferral / active EE

$2,612

$3,340-21.8%

$4,482-41.7%

$3,224-19.0%

Admin fee / account holder

$34

$120-72.0%

$8,021-99.6%

$110-69.5%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS3+ years

Filed as: TRANSAMERICA LIFE INSURANCE COMPANY

Service code 15 · EIN 39-0989781

Recordkeeping

$12,017

STONEHENGE CONSULTING, PLC2 years

Service code 17 · EIN 61-1441770

Pension Consulting

$6,500

MORRISON INDUSTRIES, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MORRISON INDUSTRIES, INC. RETIREMENT SAVINGS 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