Retirement plan

MIDWEST LABORATORIES, INC. PROFIT SHARING PLAN AND TRUST

Name: MIDWEST LABORATORIES, INC. - MIDWEST LABORATORIES, INC. PROFIT SHARING PLAN AND TRUST (2016) Form 5500
Creator: MIDWEST LABORATORIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIDWEST LABORATORIES, INC. PROFIT SHARING PLAN AND TRUST, MIDWEST LABORATORIES, INC.

MIDWEST LABORATORIES, INC.EIN 47-0564465Plan #001PY 2016

13611 B STREET - OMAHA, NE 68144402-334-7770midwestlabs.comLinkedIn51-200 employeesenvironmental services

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$32.5M

No prior year

Total participants

178

No prior year

Average account balance

$182,374

No prior year

Annual return

-0.94%

No prior year

Benchmarks

See 5,032 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,032 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$45.61M

Not enough data

1 years with asset history on file

Average account balance

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

$152K

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.

301

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.

78.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.04M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+15.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$326

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 3 by compensation

Provider	Service type	Compensation
CORNERSTONE FINANCIAL GROUP1+ years Filed as: CORNERSTONE FINANCIAL GROUP, LLC Service code 27 · EIN 47-0798627	Advisory (Plan)	$108,958
EPIC RETIREMENT PLAN SERVICES1+ years Filed as: THE RETIREMENT PLAN COMPANY Service code 60 · EIN 38-2712991	Sub-TA Fees	$99,847
LT TRUST COMPANY1+ years Filed as: MG TRUST COMPANY, LLC Service code 28 · EIN 75-3182674	Investment Management	$11,000

Plan features & details

Pension benefit codes2E2F2G3D3F

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.
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.

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

$141K

$1011 / participant

Investment mgmt$109K77.5%
Other / not subdivided$32K22.5%

% of EOY assets

0.433%

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: FRANKEL ZACHARIA, LLC
Auditor EIN: 470574775
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$182,374

$75,183+142.6%

$123,894+47.2%

$55,167+230.6%

Participation rate

100.0%

72.8%+27.2pp

81.4%+18.6pp

69.0%+31.0pp

Annual return

-0.94%

19.01%-19.9pp

47.52%-48.5pp

169.23%-170.2pp

Employer contribution / active EE

$13,707

$2,823+385.5%

$4,617+196.9%

$1,963+598.4%

Participant deferral / active EE

$5,084-100.0%

$5,984-100.0%

$3,054-100.0%

Admin fee / account holder

$789

$663+19.1%

$8,357-90.6%

$504+56.6%

Provider

Service type

Compensation

CORNERSTONE FINANCIAL GROUP1+ years

Filed as: CORNERSTONE FINANCIAL GROUP, LLC

Service code 27 · EIN 47-0798627

Advisory (Plan)

$108,958

EPIC RETIREMENT PLAN SERVICES1+ years

Filed as: THE RETIREMENT PLAN COMPANY

Service code 60 · EIN 38-2712991

Sub-TA Fees

$99,847

LT TRUST COMPANY1+ years

Filed as: MG TRUST COMPANY, LLC

Service code 28 · EIN 75-3182674

Investment Management

$11,000

MIDWEST LABORATORIES, INC. PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIDWEST LABORATORIES, INC. PROFIT SHARING PLAN AND TRUST

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