Retirement plan

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

Name: MIDWAY FORD TRUCK CENTER, INC. - MIDWAY FORD TRUCK CENTER, INC. 401(K) PLAN (2019) 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 2019

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

Other plans on this EIN

1 filing

#002Retirement-$28.7M assets

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$18.9M

+28.5% from 2018

Total participants

244

+5.2% from 2018

Average account balance

$91,143

+26.6% from 2018

Annual return

24.56%

+30.09 pp from 2018

Benchmarks

See 2,363 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,363 peers

Snapshot2019

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 INC5+ years Service code 55 · EIN 13-2638166	Other Commissions	$38,777
FIDELITY INVESTMENTS INSTITUTIONAL5+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$100

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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$100

$0 / participant

Other / not subdivided$100100.0%

% 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: MAYER HOFFMAN MCCANN PC
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$91,143

$86,341+5.6%

$125,195-27.2%

$65,186+39.8%

Participation rate

84.3%

75.3%+8.9pp

79.8%+4.5pp

70.2%+14.1pp

Annual return

24.56%

27.44%-2.9pp

43.79%-19.2pp

29.39%-4.8pp

Employer contribution / active EE

$2,040-100.0%

$3,866-100.0%

$2,177-100.0%

Participant deferral / active EE

$4,835

$3,538+36.6%

$4,937-2.1%

$3,514+37.6%

Admin fee / account holder

$609-99.9%

$9,704-100.0%

$847-99.9%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC5+ years

Service code 55 · EIN 13-2638166

Other Commissions

$38,777

FIDELITY INVESTMENTS INSTITUTIONAL5+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$100

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