Retirement plan

MIDWEST PRODUCTS AND ENGINEERING, INC. 401(K) SAVINGS PLAN

Name: MIDWEST PRODUCTS AND ENGINEERING, INC. - MIDWEST PRODUCTS AND ENGINEERING, INC. 401(K) SAVINGS PLAN (2018) Form 5500
Creator: MIDWEST PRODUCTS AND ENGINEERING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIDWEST PRODUCTS AND ENGINEERING, INC. 401(K) SAVINGS PLAN, MIDWEST PRODUCTS AND ENGINEERING, INC.

MIDWEST PRODUCTS AND ENGINEERING, INC.EIN 39-1345278Plan #001PY 2018

10597 WEST GLENBROOK CT. - MILWAUKEE, WI 53224414-355-0310

Prospect flagsHigh feesCorrective distributions

Top hat statement on fileNQDC

Filed October 18, 2004

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$8.8M

-1.9% from 2017

Total participants

135

+10.7% from 2017

Average account balance

$66,938

-10.1% from 2017

Annual return

-4.62%

-20.17 pp from 2017

Benchmarks

See 4,209 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,209 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.53M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

321

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.

93.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.54M

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

+12.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$197

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 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$19,547
BAKER TILLY US, LLP4+ years Filed as: BAKER TILLY VIRCHOW KRAUSE, LLP Service code 10 115 SOUTH 84TH STREET STE 400 · MILWAUKEE, WI 53214	Accounting	$15,430
GREAT-WEST LIFE & ANNUITY INSURANCE4+ years Filed as: GREAT-WEST LIFE & ANNUITY COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$13,215
BLUE CHIP RETIREMENT PLANS, INC.4+ years Filed as: BLUE CHIP RETIREMENT PLANS Service code 13	Contract Administrator	$9,133
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Filed as: ENVESTMENT RETIREMENT ADVISORY SVC Service code 99 1801 CALIFORNIA STREET · DENVER, CO 80202	Other Fees	$5,480
BLUE CHIP RETIREMENT PLANS, INC.4+ years Service code 13 6737 W WASHINGTON STREET · MILWAUKEE, WI 53214	Contract Administrator	$4,118

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$52K

$453 / participant

Other / not subdivided$52K100.0%

% of EOY assets

0.594%

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: BAKER TILLY VIRCHOW KRAUSE LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$66,938

$59,191+13.1%

$76,767-12.8%

$56,289+18.9%

Participation rate

96.5%

75.2%+21.3pp

77.0%+19.6pp

69.9%+26.7pp

Annual return

-4.62%

6.62%-11.2pp

2.43%-7.1pp

-9.96%+5.3pp

Employer contribution / active EE

$1,215

$1,759-30.9%

$2,485-51.1%

$2,111-42.5%

Participant deferral / active EE

$4,012

$3,255+23.3%

$3,852+4.2%

$3,350+19.8%

Admin fee / account holder

$398

$489-18.7%

$6,675-94.0%

$521-23.7%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$19,547

BAKER TILLY US, LLP4+ years

Filed as: BAKER TILLY VIRCHOW KRAUSE, LLP

Service code 10

115 SOUTH 84TH STREET STE 400 · MILWAUKEE, WI 53214

Accounting

$15,430

GREAT-WEST LIFE & ANNUITY INSURANCE4+ years

Filed as: GREAT-WEST LIFE & ANNUITY COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$13,215

BLUE CHIP RETIREMENT PLANS, INC.4+ years

Filed as: BLUE CHIP RETIREMENT PLANS

Service code 13

Contract Administrator

$9,133

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Filed as: ENVESTMENT RETIREMENT ADVISORY SVC

Service code 99

1801 CALIFORNIA STREET · DENVER, CO 80202

Other Fees

$5,480

BLUE CHIP RETIREMENT PLANS, INC.4+ years

Service code 13

6737 W WASHINGTON STREET · MILWAUKEE, WI 53214

Contract Administrator

$4,118

MIDWEST PRODUCTS AND ENGINEERING, INC. 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIDWEST PRODUCTS AND ENGINEERING, INC. 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

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