Retirement plan

NORTHLAND DEALERS INV. GROUP INC. 401(K) RETIREMENT PLAN

Name: NORTHLAND DEALERS INVESTMENT GROUP, INC. - NORTHLAND DEALERS INV. GROUP INC. 401(K) RETIREMENT PLAN (2018) Form 5500
Creator: NORTHLAND DEALERS INVESTMENT GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHLAND DEALERS INV. GROUP INC. 401(K) RETIREMENT PLAN, NORTHLAND DEALERS INVESTMENT GROUP, INC.

NORTHLAND DEALERS INVESTMENT GROUP, INC.EIN 41-1978633Plan #001PY 2018

1701 WEST MICHIGAN STREET - DULUTH, MN 55806218-625-2470LinkedIn501-1000 employeesretail

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$13.7M

-1.4% from 2017

Total participants

781

+3.3% from 2017

Average account balance

$22,565

-7.2% from 2017

Annual return

-6.49%

-24.24 pp from 2017

Benchmarks

See 1,272 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,272 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.89M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

725

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.

88.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.52M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+15.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$165

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

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.4+ years Service code 15 · EIN 94-1347393	Recordkeeping	$67,662
AMERICAN FUNDS1 year Filed as: ADVANCED CAPITAL GROUP Service code 16 · EIN 41-1921960	Consulting	$16,176
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 34-1542819	Advisory (Plan)	$14,096
FINDLEY1 year Service code 11 · EIN 34-1213174	Actuarial	$8,830
WOODWARD & ASSOCIATES, INC.4+ years Service code 10 · EIN 37-1378349	Accounting	$6,405

Plan features & details

Pension benefit codes2E2F2G2J2K3B3F3H2T3D

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$97K

$150 / participant

Other / not subdivided$97K100.0%

% of EOY assets

0.712%

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: WOODWARD & ASSOCIATES , INC
Auditor EIN: 371378349
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,565

$35,485-36.4%

$74,551-69.7%

$55,725-59.5%

Participation rate

73.3%

62.5%+10.7pp

69.1%+4.1pp

70.9%+2.4pp

Annual return

-6.49%

0.72%-7.2pp

32.53%-39.0pp

244.93%-251.4pp

Employer contribution / active EE

$147

$777-81.1%

$1,961-92.5%

$2,078-92.9%

Participant deferral / active EE

$1,973

$2,181-9.5%

$3,108-36.5%

$3,356-41.2%

Admin fee / account holder

$161

$114+40.5%

$5,059-96.8%

$115+39.4%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.4+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$67,662

AMERICAN FUNDS1 year

Filed as: ADVANCED CAPITAL GROUP

Service code 16 · EIN 41-1921960

Consulting

$16,176

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO ADVISORS

Service code 27 · EIN 34-1542819

Advisory (Plan)

$14,096

FINDLEY1 year

Service code 11 · EIN 34-1213174

Actuarial

$8,830

WOODWARD & ASSOCIATES, INC.4+ years

Service code 10 · EIN 37-1378349

Accounting

$6,405

NORTHLAND DEALERS INV. GROUP INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHLAND DEALERS INV. GROUP INC. 401(K) RETIREMENT 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