Retirement plan

MIDWEST THERMAL-VAC, INC. 401(K) PROFIT SHARING PL

Name: MIDWEST THERMAL-VAC, INC. - MIDWEST THERMAL-VAC, INC. 401(K) PROFIT SHARING PL (2015) Form 5500
Creator: MIDWEST THERMAL-VAC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIDWEST THERMAL-VAC, INC. 401(K) PROFIT SHARING PL, MIDWEST THERMAL-VAC, INC.

MIDWEST THERMAL-VAC, INC.EIN 39-1961948Plan #001PY 2015

5727 95TH AVE - KENOSHA, WI 53144262-605-4848mtvac.comLinkedIn11-50 employeesaviation & aerospace

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$498K

No prior year

Total participants

No prior year

Average account balance

$19,932

No prior year

Annual return

-3.16%

No prior year

Benchmarks

See 18,068 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort18,068 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.29M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

94.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$41K

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

+12.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14799

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 codes2E2F2G2J2T3D

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.
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

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$1K

$63 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.279%

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

$19,932

$78,694-74.7%

$67,652-70.5%

$125,389-84.1%

Participation rate

86.4%

78.8%+7.6pp

75.7%+10.7pp

83.2%+3.2pp

Annual return

-3.16%

9.46%-12.6pp

6625.40%-6628.6pp

282.24%-285.4pp

Employer contribution / active EE

$1,614

$3,044-47.0%

$2,266-28.8%

$4,866-66.8%

Participant deferral / active EE

$2,429

$4,292-43.4%

$3,560-31.8%

$5,352-54.6%

Admin fee / account holder

$56

$7,403-99.3%

$4,821-98.8%

$9,541-99.4%

MIDWEST THERMAL-VAC, INC. 401(K) PROFIT SHARING PL

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIDWEST THERMAL-VAC, INC. 401(K) PROFIT SHARING PL

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