Retirement plan

MICHIANA WEALTH MANAGEMENT PARTNERS, INC. 401(K) PLAN

Name: MICHIANA WEALTH MANAGEMENT PARTNERS, INC. - MICHIANA WEALTH MANAGEMENT PARTNERS, INC. 401(K) PLAN (2017) Form 5500
Creator: MICHIANA WEALTH MANAGEMENT PARTNERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MICHIANA WEALTH MANAGEMENT PARTNERS, INC. 401(K) PLAN, MICHIANA WEALTH MANAGEMENT PARTNERS, INC.

MICHIANA WEALTH MANAGEMENT PARTNERS, INC.EIN 47-3212566Plan #001PY 2017

1801 E. BRISTOL ST. - ELKHART, IN 46514574-264-0621

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$126K

No prior year

Total participants

No prior year

Average account balance

$63,160

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 30,802 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort30,802 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$562K

Not enough data

1 years with asset history on file

Average account balance

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

$281K

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.

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$47K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+17.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2J3D

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).
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.
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

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$208

$104 / participant

Other / not subdivided$208100.0%

% of EOY assets

0.165%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$63,160

$171,867-63.3%

$149,716-57.8%

$147,585-57.2%

Participation rate

100.0%

88.2%+11.8pp

87.1%+12.9pp

82.8%+17.2pp

Annual return

0.00%

2113.36%-2113.4pp

1501.67%-1501.7pp

578.58%-578.6pp

Employer contribution / active EE

$1,974

$6,275-68.5%

$5,444-63.7%

$4,876-59.5%

Participant deferral / active EE

$2,436

$7,270-66.5%

$6,568-62.9%

$5,439-55.2%

Admin fee / account holder

$104

$13,799-99.2%

$11,282-99.1%

$10,886-99.0%

MICHIANA WEALTH MANAGEMENT PARTNERS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MICHIANA WEALTH MANAGEMENT PARTNERS, INC. 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