Retirement plan

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

Name: MIDWAY FORD TRUCK CENTER, INC. - MIDWAY FORD TRUCK CENTER, INC. 401(K) PLAN (2020) 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 2020

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

Other plans on this EIN

1 filing

#002Retirement-$30.7M assets

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$21.9M

+16.3% from 2019

Total participants

250

+2.5% from 2019

Average account balance

$109,750

+20.4% from 2019

Annual return

15.33%

-9.23 pp from 2019

Benchmarks

See 2,270 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,270 peers

Snapshot2020

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
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$31,024
UBS FINANCIAL SERVICES INC6+ years Service code 55 · EIN 13-2638166	Other Commissions	$28,424

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$31K

$130 / participant

Other / not subdivided$31K100.0%

% of EOY assets

0.141%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$109,750

$81,494+34.7%

$133,978-18.1%

$73,497+49.3%

Participation rate

79.1%

76.4%+2.7pp

79.8%-0.8pp

70.7%+8.4pp

Annual return

15.33%

19.40%-4.1pp

45.10%-29.8pp

28.51%-13.2pp

Employer contribution / active EE

$2,210-100.0%

$3,919-100.0%

$2,270-100.0%

Participant deferral / active EE

$4,838

$3,787+27.7%

$5,047-4.1%

$3,740+29.4%

Admin fee / account holder

$155

$713-78.3%

$8,930-98.3%

$513-69.8%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$31,024

UBS FINANCIAL SERVICES INC6+ years

Service code 55 · EIN 13-2638166

Other Commissions

$28,424

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