Retirement plan

MIDWAY FORD TRUCK CENTER, INC. 401(K) PLAN

Name: MIDWAY FORD TRUCK CENTER, INC. - MIDWAY FORD TRUCK CENTER, INC. 401(K) PLAN (2018) Form 5500
Creator: MIDWAY FORD TRUCK CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIDWAY FORD TRUCK CENTER, INC. 401(K) PLAN, MIDWAY FORD TRUCK CENTER, INC.

MIDWAY FORD TRUCK CENTER, INC.EIN 48-0674662Plan #003PY 2018

7601 NE 38TH STREET - KANSAS CITY, MO 64161816-455-3000midwayfordtruck.comLinkedIn201-500 employeesautomotive

Other plans on this EIN

1 filing

#002Retirement-$24.3M assets

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$14.7M

-4.3% from 2017

Total participants

232

+3.1% from 2017

Average account balance

$71,965

+4.6% from 2017

Annual return

-5.53%

-20.50 pp from 2017

Benchmarks

See 2,344 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,344 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.34M

Not enough data

1 years with asset history on file

Average account balance

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

$145K

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.

189

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.

91.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.59M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$408

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 2 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC4+ years Service code 55 · EIN 13-2638166	Other Commissions	$37,630
FIDELITY INVESTMENTS INSTITUTIONAL4+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$125

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

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

Expense breakdown

Schedule H Part II

Admin total

$125

$1 / participant

Other / not subdivided$125100.0%

% of EOY assets

0.001%

all-in expense ratio

Categories reported

0 / 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: MILLER HAVILAND KETTER PC PA
Auditor EIN: 489524351
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$71,965

$66,302+8.5%

$110,243-34.7%

$56,289+27.9%

Participation rate

87.4%

74.9%+12.5pp

79.8%+7.6pp

69.9%+17.5pp

Annual return

-5.53%

-1.18%-4.4pp

314.76%-320.3pp

-9.96%+4.4pp

Employer contribution / active EE

$2,047-100.0%

$3,827-100.0%

$2,111-100.0%

Participant deferral / active EE

$4,052

$3,381+19.8%

$4,672-13.3%

$3,350+21.0%

Admin fee / account holder

$698-99.9%

$8,548-100.0%

$521-99.9%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC4+ years

Service code 55 · EIN 13-2638166

Other Commissions

$37,630

FIDELITY INVESTMENTS INSTITUTIONAL4+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$125

MIDWAY FORD TRUCK CENTER, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIDWAY FORD TRUCK CENTER, 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