Retirement plan

MARTIN BROTHERS DISTRIBUTING COMPANY, INC. ESOP AND 401(K) PLAN

Name: MARTIN BROTHERS DISTRIBUTING COMPANY, INC. - MARTIN BROTHERS DISTRIBUTING COMPANY, INC. ESOP AND 401(K) PLAN (2019) Form 5500
Creator: MARTIN BROTHERS DISTRIBUTING COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARTIN BROTHERS DISTRIBUTING COMPANY, INC. ESOP AND 401(K) PLAN, MARTIN BROTHERS DISTRIBUTING COMPANY, INC.

MARTIN BROTHERS DISTRIBUTING COMPANY, INC.EIN 42-0841720Plan #002PY 2019

P.O. BOX 69, 406 VIKING ROAD - CEDAR FALLS, IA 506130069319-266-1775LinkedIn501-1000 employeesmedical devices

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$124.7M

+17.6% from 2018

Total participants

765

+6.3% from 2018

Average account balance

$170,566

+11.5% from 2018

Annual return

25.47%

+13.57 pp from 2018

Benchmarks

See 1,313 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,313 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$140.48M

Not enough data

1 years with asset history on file

Average account balance

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

$194K

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.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.50M

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

+23.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$153

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 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 711 HIGH STREET · DES MOINES, IA 50392	Contract Administrator	$66,590
ACCEL WEALTH MANAGEMENT4+ years Service code 49 · EIN 83-0742869 301 OAK RIDGE CIRCLE · WAVERLY, IA 50677	Other Services	$62,596
US BANK5+ years Service code 18 · EIN 41-0255900 800 NICOLLET MALL · MINNEAPOLIS, MN 55402	Custodial (other than securities); Ot...	$43,993
CAMBRIDGE INVESTMENT RESEARCH3 years Filed as: CAMBRIDGE INVESTMENT RESEARCH ADV Service code 49 · EIN 42-1445429 1776 PLEASANT PLAIN ROAD · FAIRFIELD, IA 525568757	Other Services	$17,854

Plan features & details

Pension benefit codes2E2F2H2I2J2K2O2Q2R2S2T3I

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2I
Stock bonus
Stock bonus plan.
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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

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

$111K

$178 / participant

Contract admin$67K60.2%
Other / not subdivided$44K39.8%

% of EOY assets

0.089%

all-in expense ratio

Categories reported

1 / 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: HOGAN - HANSEN, P.C.
Auditor EIN: 420991212
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$170,566

$69,159+146.6%

$125,180+36.3%

$67,579+152.4%

Participation rate

94.5%

78.2%+16.3pp

79.8%+14.7pp

71.3%+23.2pp

Annual return

25.47%

27.12%-1.7pp

43.79%-18.3pp

378.56%-353.1pp

Employer contribution / active EE

$484

$2,023-76.1%

$3,866-87.5%

$2,148-77.5%

Participant deferral / active EE

$3,225

$3,700-12.8%

$4,937-34.7%

$3,539-8.9%

Admin fee / account holder

$151

$142+6.7%

$9,703-98.4%

$142+6.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY5+ years

Service code 13 · EIN 42-0127290

711 HIGH STREET · DES MOINES, IA 50392

Contract Administrator

$66,590

ACCEL WEALTH MANAGEMENT4+ years

Service code 49 · EIN 83-0742869

301 OAK RIDGE CIRCLE · WAVERLY, IA 50677

Other Services

$62,596

US BANK5+ years

Service code 18 · EIN 41-0255900

800 NICOLLET MALL · MINNEAPOLIS, MN 55402

Custodial (other than securities); Ot...

$43,993

CAMBRIDGE INVESTMENT RESEARCH3 years

Filed as: CAMBRIDGE INVESTMENT RESEARCH ADV

Service code 49 · EIN 42-1445429

1776 PLEASANT PLAIN ROAD · FAIRFIELD, IA 525568757

Other Services

$17,854

MARTIN BROTHERS DISTRIBUTING COMPANY, INC. ESOP AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARTIN BROTHERS DISTRIBUTING COMPANY, INC. ESOP AND 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