Retirement plan

MIDWEST LABORATORIES, INC. PROFIT SHARING PLAN AND TRUST

Name: MIDWEST LABORATORIES, INC. - MIDWEST LABORATORIES, INC. PROFIT SHARING PLAN AND TRUST (2017) 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 2017

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$41M

+26.4% from 2016

Total participants

209

+17.4% from 2016

Average account balance

$203,174

+11.4% from 2016

Annual return

9.23%

+10.17 pp from 2016

Benchmarks

See 5,160 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,160 peers

Snapshot2017

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
CORNERSTONE FINANCIAL GROUP2+ years Filed as: CORNERSTONE FINANCIAL GROUP, LLC Service code 27 · EIN 47-0798627	Advisory (Plan)	$55,595
EPIC RETIREMENT PLAN SERVICES2+ years Filed as: THE RETIREMENT PLAN COMPANY Service code 60 · EIN 38-2712991	Sub-TA Fees	$9,110
LT TRUST COMPANY2+ years Filed as: MG TRUST COMPANY, LLC Service code 28 · EIN 75-3182674	Investment Management	$9,000

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

$72K

$482 / participant

Investment mgmt$56K77.5%
Other / not subdivided$16K22.5%

% of EOY assets

0.175%

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

$203,174

$80,753+151.6%

$136,298+49.1%

$62,293+226.2%

Participation rate

95.3%

73.5%+21.8pp

81.9%+13.4pp

69.5%+25.8pp

Annual return

9.23%

35.83%-26.6pp

5156.27%-5147.0pp

28.90%-19.7pp

Employer contribution / active EE

$7,121

$2,884+146.9%

$4,696+51.7%

$2,042+248.7%

Participant deferral / active EE

$5,164-100.0%

$6,247-100.0%

$3,169-100.0%

Admin fee / account holder

$355

$525-32.4%

$9,244-96.2%

$479-25.9%

Provider

Service type

Compensation

CORNERSTONE FINANCIAL GROUP2+ years

Filed as: CORNERSTONE FINANCIAL GROUP, LLC

Service code 27 · EIN 47-0798627

Advisory (Plan)

$55,595

EPIC RETIREMENT PLAN SERVICES2+ years

Filed as: THE RETIREMENT PLAN COMPANY

Service code 60 · EIN 38-2712991

Sub-TA Fees

$9,110

LT TRUST COMPANY2+ years

Filed as: MG TRUST COMPANY, LLC

Service code 28 · EIN 75-3182674

Investment Management

$9,000

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