Retirement plan

MIGHTY LUBE SYSTEMATIC LUBRICATION, INC. 401(K) PLAN

Name: MIGHTY LUBE SYSTEMATIC LUBRICATION, INC. - MIGHTY LUBE SYSTEMATIC LUBRICATION, INC. 401(K) PLAN (2018) Form 5500
Creator: MIGHTY LUBE SYSTEMATIC LUBRICATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIGHTY LUBE SYSTEMATIC LUBRICATION, INC. 401(K) PLAN, MIGHTY LUBE SYSTEMATIC LUBRICATION, INC.

MIGHTY LUBE SYSTEMATIC LUBRICATION, INC.EIN 38-2430360Plan #001PY 2018

9569 W. 40TH ST. - FREMONT, MI 49412231-924-6160mightylube.comLinkedIn11-50 employeesmechanical or industrial engineering

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$2.4M

+18.1% from 2017

Total participants

+7.7% from 2017

Average account balance

$92,554

+9.1% from 2017

Annual return

12.76%

+2.34 pp from 2017

Benchmarks

See 22,374 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,374 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.46M

Not enough data

1 years with asset history on file

Average account balance

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

$159K

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.

93.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$180K

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

+13.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$148

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 codes2E2J2G3D

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$33K

$1354 / participant

Other / not subdivided$33K100.0%

% of EOY assets

1.351%

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

$92,554

$135,645-31.8%

$110,243-16.0%

$135,380-31.6%

Participation rate

91.7%

83.5%+8.2pp

79.8%+11.8pp

82.6%+9.0pp

Annual return

12.76%

513.24%-500.5pp

314.76%-302.0pp

519.81%-507.0pp

Employer contribution / active EE

$2,094

$4,907-57.3%

$3,827-45.3%

$4,779-56.2%

Participant deferral / active EE

$3,827

$5,507-30.5%

$4,672-18.1%

$5,609-31.8%

Admin fee / account holder

$1,250

$11,458-89.1%

$8,548-85.4%

$10,828-88.5%

MIGHTY LUBE SYSTEMATIC LUBRICATION, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIGHTY LUBE SYSTEMATIC LUBRICATION, INC. 401(K) 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