Retirement plan

MIDWEST ATC SERVICE, INC. 401(K) & PENSION PLAN

Name: MIDWEST AIR TRAFFIC CONTROL SERVICE, INC. - MIDWEST ATC SERVICE, INC. 401(K) & PENSION PLAN (2016) Form 5500
Creator: MIDWEST AIR TRAFFIC CONTROL SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIDWEST ATC SERVICE, INC. 401(K) & PENSION PLAN, MIDWEST AIR TRAFFIC CONTROL SERVICE, INC.

MIDWEST AIR TRAFFIC CONTROL SERVICE, INC.EIN 48-0872931Plan #001PY 2016

7285 W. 132ND STREET, SUITE 340 - OVERLAND PARK, KS 66213913-782-7082LinkedIn501-1000 employeesairlines/aviation

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$43M

+8.5% from 2015

Total participants

898

+4.5% from 2015

Average account balance

$54,745

+8.3% from 2015

Annual return

4.41%

+2.82 pp from 2015

Benchmarks

See 634 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort634 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$55.60M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

754

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.

94.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.35M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+10.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$253

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
TRANSAMERICA RETIREMENT SOLUTIONS2+ years Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781	Recordkeeping	$66,470
MESIROW FINANCIAL INVESTMENT MANAGE2+ years Filed as: MESIROW FINANCIAL, INC. Service code 27 · EIN 13-2808480	Advisory (Plan)	$7,629

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 returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$74K

$115 / participant

Contract admin$74K100.0%

% of EOY assets

0.172%

all-in expense ratio

Categories reported

1 / 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: COCHRAN HEAD VICK & CO, P.A.
Auditor EIN: 481028532
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,745

$39,819+37.5%

$67,834-19.3%

$57,658-5.1%

Participation rate

82.7%

61.2%+21.5pp

68.8%+13.9pp

70.2%+12.5pp

Annual return

4.41%

9.19%-4.8pp

138.47%-134.1pp

5.13%-0.7pp

Employer contribution / active EE

$5,186

$1,277+306.2%

$2,403+115.8%

$1,974+162.8%

Participant deferral / active EE

$2,639

$2,209+19.4%

$3,160-16.5%

$3,061-13.8%

Admin fee / account holder

$94

$84+12.7%

$4,622-98.0%

$95-0.3%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2+ years

Filed as: TRANSAMERICA LIFE INSURANCE COMPANY

Service code 15 · EIN 39-0989781

Recordkeeping

$66,470

MESIROW FINANCIAL INVESTMENT MANAGE2+ years

Filed as: MESIROW FINANCIAL, INC.

Service code 27 · EIN 13-2808480

Advisory (Plan)

$7,629

MIDWEST ATC SERVICE, INC. 401(K) & PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIDWEST ATC SERVICE, INC. 401(K) & PENSION 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