Retirement plan

MEETINGS & INCENTIVES WORLDWIDE, INC. 401(K) P/S PLAN

Name: MEETINGS & INCENTIVES WORLDWIDE, INC. - MEETINGS & INCENTIVES WORLDWIDE, INC. 401(K) P/S PLAN (2020) Form 5500
Creator: MEETINGS & INCENTIVES WORLDWIDE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEETINGS & INCENTIVES WORLDWIDE, INC. 401(K) P/S PLAN, MEETINGS & INCENTIVES WORLDWIDE, INC.

MEETINGS & INCENTIVES WORLDWIDE, INC.EIN 39-1088787Plan #001PY 2020

10520 SEVEN MILE ROAD P.O. BOX 65 - CALEDONIA, WI 531080065262-835-6712meetings-incentives.comLinkedIn201-500 employeesevents services

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$12.9M

+19.6% from 2019

Total participants

288

-11.7% from 2019

Average account balance

$46,076

+37.1% from 2019

Annual return

17.15%

-8.31 pp from 2019

Benchmarks

See 1,065 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,065 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.76M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

364

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.17M

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

+16.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$329

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
LPL FINANCIAL2 years Service code 26 · EIN 04-3046611	Advisory (Participants)	$42,030
JOHN HANCOCK LIFE INSURANCE COMPANY2 years Filed as: JOHN HANCOCK TRUST COMPANY LLC Service code 15 · EIN 01-0233346	Recordkeeping	$37,398
GORDON J MAIER & CO LLP1 year Filed as: GORDON J. MAIER & CO. LLP Service code 10 845 WISCONSIN AVE · RACINE, WI 53403	Accounting	$9,539
EPIC RETIREMENT PLAN SERVICES1 year Filed as: PPG RETIREMENT PLAN SERVICES, LTD Service code 13 5525 GREEN BAY ROAD, SUITE 200 · KENOSHA, WI 531443737	Contract Administrator	$9,093

Plan features & details

Pension benefit codes2E2F2G2J2T3D2S

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

2 tripped

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

$98K

$598 / participant

Investment mgmt$42K42.9%
Contract admin$46K47.4%
Other / not subdivided$10K9.7%

% of EOY assets

0.760%

all-in expense ratio

Categories reported

2 / 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: GORDON J. MAIER & COMPANY, LLP
Auditor EIN: 390803883
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,076

$43,133+6.8%

$89,435-48.5%

$73,497-37.3%

Participation rate

95.1%

55.0%+40.2pp

68.0%+27.1pp

70.7%+24.4pp

Annual return

17.15%

135.66%-118.5pp

245.55%-228.4pp

28.51%-11.4pp

Employer contribution / active EE

$1,438-100.0%

$2,587-100.0%

$2,270-100.0%

Participant deferral / active EE

$4,648

$2,445+90.1%

$3,890+19.5%

$3,740+24.3%

Admin fee / account holder

$350

$444-21.1%

$4,884-92.8%

$513-31.7%

Provider

Service type

Compensation

LPL FINANCIAL2 years

Service code 26 · EIN 04-3046611

Advisory (Participants)

$42,030

JOHN HANCOCK LIFE INSURANCE COMPANY2 years

Filed as: JOHN HANCOCK TRUST COMPANY LLC

Service code 15 · EIN 01-0233346

Recordkeeping

$37,398

GORDON J MAIER & CO LLP1 year

Filed as: GORDON J. MAIER & CO. LLP

Service code 10

845 WISCONSIN AVE · RACINE, WI 53403

Accounting

$9,539

EPIC RETIREMENT PLAN SERVICES1 year

Filed as: PPG RETIREMENT PLAN SERVICES, LTD

Service code 13

5525 GREEN BAY ROAD, SUITE 200 · KENOSHA, WI 531443737

Contract Administrator

$9,093

MEETINGS & INCENTIVES WORLDWIDE, INC. 401(K) P/S PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEETINGS & INCENTIVES WORLDWIDE, INC. 401(K) P/S 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