Retirement plan

MIDWEST EDUCATION CONSULTANTS 401(K) PROFIT SHARING PLAN 2409 S 56TH SUITE 117 FORT SMITH AR 72903

Name: MIDWEST EDUCATION CONSULTANTS, INC. - MIDWEST EDUCATION CONSULTANTS 401(K) PROFIT SHARING PLAN 2409 S 56TH SUITE 117 FORT SMITH AR 72903 (2022) Form 5500
Creator: MIDWEST EDUCATION CONSULTANTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIDWEST EDUCATION CONSULTANTS 401(K) PROFIT SHARING PLAN 2409 S 56TH SUITE 117 FORT SMITH AR 72903, MIDWEST EDUCATION CONSULTANTS, INC.

MIDWEST EDUCATION CONSULTANTS, INC.EIN 73-1297195Plan #001PY 2022

2409 SOUTH 56TH ST, STE 117 - FORT SMITH, AR 72903479-484-6799LinkedIn1-10 employeese-learning

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$136K

-1.2% from 2021

Total participants

+200.0% from 2021

Average account balance

$27,202

No prior year

Annual return

-16.50%

-28.55 pp from 2021

Benchmarks

See 6,933 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,933 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$228K

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

38.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$18K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+10.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$243

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 codes2E2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

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

$743

$53 / participant

Other / not subdivided$743100.0%

% of EOY assets

0.546%

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

$27,202

$67,372-59.6%

$60,906-55.3%

$134,532-79.8%

Participation rate

28.6%

76.2%-47.6pp

73.1%-44.5pp

81.2%-52.7pp

Annual return

-16.50%

50.05%-66.5pp

16.94%-33.4pp

418.27%-434.8pp

Employer contribution / active EE

$442

$3,099-85.7%

$2,703-83.6%

$4,741-90.7%

Participant deferral / active EE

$1,062

$4,532-76.6%

$3,814-72.2%

$6,401-83.4%

Admin fee / account holder

$149

$4,588-96.8%

$3,227-95.4%

$11,429-98.7%

MIDWEST EDUCATION CONSULTANTS 401(K) PROFIT SHARING PLAN 2409 S 56TH SUITE 117 FORT SMITH AR 72903

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIDWEST EDUCATION CONSULTANTS 401(K) PROFIT SHARING PLAN 2409 S 56TH SUITE 117 FORT SMITH AR 72903

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