Retirement plan

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

Name: MGPI PROCESSING, INC. - MGP INGREDIENTS, INC. 401(K) & PROFIT SHARING - ATCHISON UNION (2021) Form 5500
Creator: MGPI PROCESSING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MGP INGREDIENTS, INC. 401(K) & PROFIT SHARING - ATCHISON UNION, MGPI PROCESSING, INC.

MGPI PROCESSING, INC.EIN 48-0531200Plan #005PY 2021

1300 MAIN STREET - ATCHISON, KS 66002913-360-5250LinkedIn1-10 employeesfood production

Other plans on this EIN

1 filing

#006Retirement-$33.0M 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)

$17.8M

+3.5% from 2020

Total participants

117

+3.5% from 2020

Average account balance

$152,153

-0.9% from 2020

Annual return

14.66%

-2.24 pp from 2020

Benchmarks

See 946 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort946 peers

Snapshot2021

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

$3.2M

$30165 / participant

Other / not subdivided$3M100.0%

% of EOY assets

18.131%

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

$152,153

$59,584+155.4%

$86,615+75.7%

$79,391+91.7%

Participation rate

100.0%

67.7%+32.3pp

71.6%+28.4pp

70.7%+29.3pp

Annual return

14.66%

23.15%-8.5pp

63.51%-48.9pp

116.88%-102.2pp

Employer contribution / active EE

$5,752

$1,768+225.4%

$2,496+130.5%

$2,428+136.9%

Participant deferral / active EE

$6,306

$3,036+107.7%

$3,699+70.5%

$4,046+55.9%

Admin fee / account holder

$27,587

$604+4465.8%

$5,830+373.2%

$627+4303.1%

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

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Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

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