Retirement plan

MICHIGAN PRODUCE HAULERS, INC. 401(K) PROFIT SHARING PLAN

Name: MICHIGAN PRODUCE HAULERS, INC. - MICHIGAN PRODUCE HAULERS, INC. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: MICHIGAN PRODUCE HAULERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MICHIGAN PRODUCE HAULERS, INC. 401(K) PROFIT SHARING PLAN, MICHIGAN PRODUCE HAULERS, INC.

MICHIGAN PRODUCE HAULERS, INC.EIN 38-2756933Plan #001PY 2017

1340 LOCUST STREET - FREMONT, MI 49412231-924-4600repackaging.usLinkedIn51-200 employeespackage/freight delivery

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$455K

+14.6% from 2015

Total participants

198

+22.2% from 2015

Average account balance

$20,669

+30.2% from 2015

Annual return

17.98%

+18.21 pp from 2015

Benchmarks

See 1,029 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,029 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.78M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

114.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$200K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+15.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1340

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 1 by compensation

Provider	Service type	Compensation
NATIONWIDE1 year Service code 19 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Securities Custodian	$5,981

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$274

$1 / participant

Contract admin$274100.0%

% of EOY assets

0.060%

all-in expense ratio

Categories reported

1 / 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: H & S COMPANIES, PC
Auditor EIN: 382563599
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,669

$46,297-55.4%

$71,671-71.2%

$62,293-66.8%

Participation rate

6.4%

60.6%-54.3pp

68.7%-62.4pp

69.5%-63.1pp

Annual return

17.98%

22.32%-4.3pp

20.65%-2.7pp

28.90%-10.9pp

Employer contribution / active EE

$1,412-100.0%

$2,460-100.0%

$2,042-100.0%

Participant deferral / active EE

$83

$2,235-96.3%

$3,438-97.6%

$3,169-97.4%

Admin fee / account holder

$12

$461-97.3%

$5,558-99.8%

$479-97.4%

Provider

Service type

Compensation

NATIONWIDE1 year

Service code 19

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Securities Custodian

$5,981

MICHIGAN PRODUCE HAULERS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MICHIGAN PRODUCE HAULERS, INC. 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