Retirement plan

MLT 401(K) AND PROFIT SHARING PLAN

Name: MLT TRANSPORT, LLC - MLT 401(K) AND PROFIT SHARING PLAN (2016) Form 5500
Creator: MLT TRANSPORT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MLT 401(K) AND PROFIT SHARING PLAN, MLT TRANSPORT, LLC

MLT TRANSPORT, LLCEIN 46-4002905Plan #001PY 2016

1841 GOVER PARKWAY - MT. PLEASANT, MI 48858999-772-8879mlttransportation.comLinkedIn11-50 employeestransportation/trucking/railroad

Prospect flagsLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$1.3M

+35.7% from 2015

Total participants

-27.3% from 2015

Average account balance

$13,699

+86.5% from 2015

Annual return

7.53%

+13.59 pp from 2015

Benchmarks

See 3,429 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort3,429 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.95M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

114

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.

96.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$543K

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

+8.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$283

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 1 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.2+ years Service code 28 · EIN 94-1737782	Investment Management	$10,023

Plan features & details

Pension benefit codes2E2F2G2J2R3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$12K

$150 / participant

Investment mgmt$10K85.5%
Other / not subdivided$2K14.5%

% of EOY assets

0.892%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DOLINKA, VAN NOORD & COMPANY LLP
Auditor EIN: 382426290
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,699

$47,944-71.4%

$67,834-79.8%

$62,881-78.2%

Participation rate

100.0%

61.1%+38.9pp

68.8%+31.2pp

69.3%+30.7pp

Annual return

7.53%

11.77%-4.2pp

138.47%-130.9pp

20.14%-12.6pp

Employer contribution / active EE

$2,449

$1,562+56.8%

$2,403+1.9%

$2,281+7.4%

Participant deferral / active EE

$2,611

$2,247+16.2%

$3,160-17.4%

$3,203-18.5%

Admin fee / account holder

$122

$3,712-96.7%

$4,622-97.4%

$4,296-97.2%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.2+ years

Service code 28 · EIN 94-1737782

Investment Management

$10,023

MLT 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MLT 401(K) AND PROFIT SHARING 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