Retirement plan

MID-SOUTH AG EQUIPMENT PROFIT SHARING PLAN

Name: MID-SOUTH AG EQUIPMENT, INC. - MID-SOUTH AG EQUIPMENT PROFIT SHARING PLAN (2016) Form 5500
Creator: MID-SOUTH AG EQUIPMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MID-SOUTH AG EQUIPMENT PROFIT SHARING PLAN, MID-SOUTH AG EQUIPMENT, INC.

MID-SOUTH AG EQUIPMENT, INC.EIN 62-1284435Plan #001PY 2016

3044 HWY 302 - BYHALIA, MS 38611662-492-1075

Prospect flagsLow returnsLow employer contributionLoss discovered

How to read this page

Total assets (EOY)

$5.8M

No prior year

Total participants

143

No prior year

Average account balance

$43,597

No prior year

Annual return

0.05%

No prior year

Benchmarks

See 2,366 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,366 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.83M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

120

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.

76.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$490K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6231

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

Top 2 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION1+ years Service code 13 P. O. BOX 7877 · FORT WAYNE, IN 46802	Contract Administrator	$34,468
TRUSTMARK NATIONAL BANK1+ years Service code 15 248 E. CAPITAL STREET, SUITE 1006 · JACKSON, MS 39201	Recordkeeping	$26,793

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLoss discovered
Plan reported the discovery of a loss from fraud or dishonesty.

Expense breakdown

Schedule H Part II

Admin total

$34K

$302 / participant

Investment mgmt$34K100.0%

% of EOY assets

0.599%

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: FOUTS & MORGAN
Auditor EIN: 620963442
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,597

$63,924-31.8%

$108,582-59.8%

$55,167-21.0%

Participation rate

90.4%

74.3%+16.0pp

79.6%+10.8pp

69.0%+21.4pp

Annual return

0.05%

15.31%-15.3pp

-51.70%+51.7pp

169.23%-169.2pp

Employer contribution / active EE

$399

$1,879-78.8%

$3,758-89.4%

$1,963-79.7%

Participant deferral / active EE

$1,880

$3,067-38.7%

$4,311-56.4%

$3,054-38.5%

Admin fee / account holder

$261

$618-57.7%

$7,645-96.6%

$504-48.2%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION1+ years

Service code 13

P. O. BOX 7877 · FORT WAYNE, IN 46802

Contract Administrator

$34,468

TRUSTMARK NATIONAL BANK1+ years

Service code 15

248 E. CAPITAL STREET, SUITE 1006 · JACKSON, MS 39201

Recordkeeping

$26,793

MID-SOUTH AG EQUIPMENT PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MID-SOUTH AG EQUIPMENT PROFIT SHARING 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