Retirement plan

MIDWEST CONSOLIDATORS INTERNATIONAL, INC. 401(K) PLAN

Name: MIDWEST CONSOLIDATORS INTERNATIONAL, INC. - MIDWEST CONSOLIDATORS INTERNATIONAL, INC. 401(K) PLAN (2024) Form 5500
Creator: MIDWEST CONSOLIDATORS INTERNATIONAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIDWEST CONSOLIDATORS INTERNATIONAL, INC. 401(K) PLAN, MIDWEST CONSOLIDATORS INTERNATIONAL, INC.

MIDWEST CONSOLIDATORS INTERNATIONAL, INC.EIN 41-1490813Plan #002PY 2024

1001 LABORE INDUSTRIAL CT., SUITE A - VADNAIS HEIGHTS, MN 55110651-481-0010LinkedIn11-50 employeespackage/freight delivery

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.4M

-35.3% from 2023

Total participants

+12.5% from 2023

Average account balance

$179,487

-35.3% from 2023

Annual return

5.67%

+5.01 pp from 2023

Benchmarks

See 9,736 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort9,736 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$669K

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

80.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$31K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+5.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$97131

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 codes2F2G2J2T2E3D

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$953K

$190518 / participant

Other / not subdivided$953K100.0%

% of EOY assets

66.341%

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

$179,487

$90,614+98.1%

$76,089+135.9%

$145,877+23.0%

Participation rate

80.0%

74.5%+5.5pp

69.1%+10.9pp

80.3%-0.3pp

Annual return

5.67%

623.80%-618.1pp

360.94%-355.3pp

551.28%-545.6pp

Employer contribution / active EE

$4,855

$3,324+46.0%

$2,690+80.5%

$4,663+4.1%

Participant deferral / active EE

$2,038

$5,168-60.6%

$4,259-52.2%

$6,691-69.5%

Admin fee / account holder

$119,074

$8,376+1321.5%

$6,418+1755.4%

$13,402+788.5%

MIDWEST CONSOLIDATORS INTERNATIONAL, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIDWEST CONSOLIDATORS INTERNATIONAL, INC. 401(K) 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