Retirement plan

MGP INGREDIENTS, INC. 401(K) & PROFIT SHARING - ATCHISON UNION

Name: ATCHISON UNION - MGP INGREDIENTS, INC. 401(K) & PROFIT SHARING - ATCHISON UNION (2016) Form 5500
Creator: ATCHISON UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MGP INGREDIENTS, INC. 401(K) & PROFIT SHARING - ATCHISON UNION, ATCHISON UNION

ATCHISON UNIONEIN 48-0531200Plan #005PY 2016

1300 MAIN STREET - ATCHISON, KS 66002913-360-5230LinkedIn1-10 employeesfood production

Other plans on this EIN

1 filing

#006Retirement-$15.3M assets

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed October 22, 2018

Plan administrator

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100 Commercial Street

Atchison State: KS Zip Code: 66002

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Plans declared (1)

Plan name not on file6 emp

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Total assets (EOY)

$10.1M

+7.5% from 2015

Total participants

111

0.0% from 2015

Average account balance

$93,723

+10.5% from 2015

Annual return

8.63%

+8.58 pp from 2015

Benchmarks

See 933 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort933 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.78M

Not enough data

1 years with asset history on file

Average account balance

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

$151K

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.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.06M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+11.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$104

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

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 codes2E2F2G2J2T3D

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.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$1.1M

$10701 / participant

Other / not subdivided$1M100.0%

% of EOY assets

10.783%

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

$93,723

$46,072+103.4%

$69,779+34.3%

$55,167+69.9%

Participation rate

97.1%

67.5%+29.6pp

71.8%+25.2pp

69.0%+28.1pp

Annual return

8.63%

8.68%0pp

12.99%-4.4pp

169.23%-160.6pp

Employer contribution / active EE

$4,640

$1,500+209.3%

$2,338+98.4%

$1,963+136.4%

Participant deferral / active EE

$4,825

$2,344+105.9%

$2,931+64.6%

$3,054+58.0%

Admin fee / account holder

$10,106

$428+2263.4%

$4,381+130.7%

$504+1905.6%

MGP INGREDIENTS, INC. 401(K) & PROFIT SHARING - ATCHISON UNION

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Plan administrator

Plans declared (1)

Summary metrics

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Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MGP INGREDIENTS, INC. 401(K) & PROFIT SHARING - ATCHISON UNION

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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