Retirement plan

MUNICIPAL EQUIPMENT COMPANY LLC 401K PLAN

Name: MUNICIPAL EQUIPMENT COMPANY LLC - MUNICIPAL EQUIPMENT COMPANY LLC 401K PLAN (2019) Form 5500
Creator: MUNICIPAL EQUIPMENT COMPANY LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MUNICIPAL EQUIPMENT COMPANY LLC 401K PLAN, MUNICIPAL EQUIPMENT COMPANY LLC

MUNICIPAL EQUIPMENT COMPANY LLCEIN 59-3624496Plan #002PY 2019

2049 WEST CENTRAL BLVD. - ORLANDO, FL 32805800-228-8448mecofire.comLinkedIn11-50 employeesconsumer goods

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$224K

+60.3% from 2018

Total participants

+5.6% from 2018

Average account balance

$31,992

+37.4% from 2018

Annual return

30.58%

+37.35 pp from 2018

Benchmarks

See 7,787 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort7,787 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.31M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

95.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$321K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+22.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$629

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

0 years with F_SCH_H allocation on file

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

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 codes2E2F2G2J2T3B3D

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$1K

$78 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.596%

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

$31,992

$117,444-72.8%

$99,479-67.8%

$152,909-79.1%

Participation rate

29.4%

77.5%-48.1pp

73.8%-44.4pp

82.5%-53.0pp

Annual return

30.58%

31.87%-1.3pp

30.72%-0.1pp

345.46%-314.9pp

Employer contribution / active EE

$835

$3,014-72.3%

$2,540-67.1%

$4,764-82.5%

Participant deferral / active EE

$1,607

$4,086-60.7%

$3,619-55.6%

$5,851-72.5%

Admin fee / account holder

$191

$7,635-97.5%

$6,253-97.0%

$11,601-98.4%

MUNICIPAL EQUIPMENT COMPANY LLC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MUNICIPAL EQUIPMENT COMPANY LLC 401K 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