Retirement plan

MIDWEST TRANSPORT & EXCAVATING, INC. EE'S P/S PLAN & TRUST

Name: MIDWEST TRANSPORT & EXCAVATING, INC . - MIDWEST TRANSPORT & EXCAVATING, INC. EE'S P/S PLAN & TRUST (2015) Form 5500
Creator: MIDWEST TRANSPORT & EXCAVATING, INC .
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIDWEST TRANSPORT & EXCAVATING, INC. EE'S P/S PLAN & TRUST, MIDWEST TRANSPORT & EXCAVATING, INC .

MIDWEST TRANSPORT & EXCAVATING, INC .EIN 71-0880394Plan #001PY 2015

9242 HWY 2 - BROOKSTON, MN 55711218-391-2110LinkedIn1-10 employeesconstruction

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$259K

No prior year

Total participants

No prior year

Average account balance

$23,516

No prior year

Annual return

-4.87%

No prior year

Benchmarks

See 30,162 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort30,162 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$199K

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

83.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+17.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$47466

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 codes3D2E2F2G2J2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$16K

$2332 / participant

Other / not subdivided$16K100.0%

% of EOY assets

6.311%

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

$23,516

$87,546-73.1%

$75,784-69.0%

$125,389-81.2%

Participation rate

85.7%

80.2%+5.5pp

75.8%+9.9pp

83.2%+2.5pp

Annual return

-4.87%

13.49%-18.4pp

9.68%-14.5pp

282.24%-287.1pp

Employer contribution / active EE

$1,429

$3,930-63.7%

$3,323-57.0%

$4,866-70.6%

Participant deferral / active EE

$1,009

$4,230-76.1%

$3,652-72.4%

$5,352-81.1%

Admin fee / account holder

$1,484

$6,503-77.2%

$5,300-72.0%

$9,541-84.4%

MIDWEST TRANSPORT & EXCAVATING, INC. EE'S P/S PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIDWEST TRANSPORT & EXCAVATING, INC. EE'S P/S PLAN & TRUST

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