Retirement plan

MIEDEMA COMPANIES 401(K) PROFIT SHARING PLAN

Name: MIEDEMA AUCTIONEERING & APPRAISALS, INC. - MIEDEMA COMPANIES 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: MIEDEMA AUCTIONEERING & APPRAISALS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIEDEMA COMPANIES 401(K) PROFIT SHARING PLAN, MIEDEMA AUCTIONEERING & APPRAISALS, INC.

MIEDEMA AUCTIONEERING & APPRAISALS, INC.EIN 38-2685514Plan #001PY 2016

601 GORDON INDUSTRIAL CT SW - BYRON CENTER, MI 493158356616-538-0367

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$2M

No prior year

Total participants

121

No prior year

Average account balance

$24,241

No prior year

Annual return

8.31%

No prior year

Benchmarks

See 1,686 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,686 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.86M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

74.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$497K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+9.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$556

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

Top 5 by compensation

Provider	Service type	Compensation
LPL FINANCIAL2+ years Filed as: LPL FINANCIAL LLC Service code 99 PO BOX 509026 · SAN DIEGO, CA 92150	Other Fees	$5,234
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: GREAT-WEST LIFE & ANNUITY INS CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$4,241
LPL FINANCIAL1+ years Service code 27 PO BOX 502533 · SAN DIEGO, CA 921502533	Advisory (Plan)	$2,879
EPIC RETIREMENT PLAN SERVICES1+ years Filed as: KDP RETIREMENT PLAN SERVICES, INC Service code 13 3060 LAKE EASTBROOKE BLVD. SE · GRAND RAPIDS, MI 49512	Contract Administrator	$2,503
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: EMPOWER RETIREMENT ADVISORY SVC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$113

Plan features & details

Pension benefit codes2E2G2J2K3D2F3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$5K

$46 / participant

Other / not subdivided$5K100.0%

% of EOY assets

0.251%

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: THE AUDIT GROUP, PLLC
Auditor EIN: 461340244
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,241

$43,423-44.2%

$78,676-69.2%

$55,167-56.1%

Participation rate

66.4%

68.0%-1.7pp

73.6%-7.2pp

69.0%-2.6pp

Annual return

8.31%

11.53%-3.2pp

62.19%-53.9pp

169.23%-160.9pp

Employer contribution / active EE

$403

$1,997-79.8%

$2,850-85.8%

$1,963-79.4%

Participant deferral / active EE

$2,226

$2,509-11.3%

$3,517-36.7%

$3,054-27.1%

Admin fee / account holder

$61

$416-85.4%

$4,510-98.7%

$504-87.9%

Provider

Service type

Compensation

LPL FINANCIAL2+ years

Filed as: LPL FINANCIAL LLC

Service code 99

PO BOX 509026 · SAN DIEGO, CA 92150

Other Fees

$5,234

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: GREAT-WEST LIFE & ANNUITY INS CO

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$4,241

LPL FINANCIAL1+ years

Service code 27

PO BOX 502533 · SAN DIEGO, CA 921502533

Advisory (Plan)

$2,879

EPIC RETIREMENT PLAN SERVICES1+ years

Filed as: KDP RETIREMENT PLAN SERVICES, INC

Service code 13

3060 LAKE EASTBROOKE BLVD. SE · GRAND RAPIDS, MI 49512

Contract Administrator

$2,503

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: EMPOWER RETIREMENT ADVISORY SVC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$113

MIEDEMA COMPANIES 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIEDEMA COMPANIES 401(K) PROFIT SHARING 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