Retirement plan

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

Name: MIGHTY LUBE SYSTEMATIC LUBRICATION, INC. - MIGHTY LUBE SYSTEMATIC LUBRICATION, INC. 401(K) PLAN (2022) 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 2022

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.4M

-11.4% from 2021

Total participants

-3.3% from 2021

Average account balance

$126,412

-4.9% from 2021

Annual return

-9.33%

-38.69 pp from 2021

Benchmarks

See 23,464 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,464 peers

Snapshot2022

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

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

$277K

$11548 / participant

Other / not subdivided$277K100.0%

% of EOY assets

8.120%

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

$126,412

$142,392-11.2%

$119,622+5.7%

$134,532-6.0%

Participation rate

91.7%

82.8%+8.8pp

79.3%+12.4pp

81.2%+10.4pp

Annual return

-9.33%

-12.46%+3.1pp

-14.98%+5.6pp

418.27%-427.6pp

Employer contribution / active EE

$2,547

$5,224-51.2%

$4,232-39.8%

$4,741-46.3%

Participant deferral / active EE

$5,658

$6,467-12.5%

$5,601+1.0%

$6,401-11.6%

Admin fee / account holder

$10,265

$13,593-24.5%

$10,328-0.6%

$11,429-10.2%

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