Retirement plan

MEDICO 401(K) PLAN

Name: MEDICO CONSTRUCTION EQUIPMENT, INC. - MEDICO 401(K) PLAN (2020) Form 5500
Creator: MEDICO CONSTRUCTION EQUIPMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEDICO 401(K) PLAN, MEDICO CONSTRUCTION EQUIPMENT, INC.

MEDICO CONSTRUCTION EQUIPMENT, INC.EIN 84-3329376Plan #001PY 2020

1500 HIGHWAY 315 - WILKES BARRE, PA 18711570-825-7711medicoce.comLinkedIn11-50 employeesconstruction

Prospect flagsLow returnsLow employer contributionLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$12.3M

No prior year

Total participants

168

No prior year

Average account balance

$93,371

No prior year

Annual return

10.19%

No prior year

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.81M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

135

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.

84.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$750K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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)

$230

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

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Service providers

Top 10 of 12 by compensation

Provider	Service type	Compensation
JACOBI CAPITAL MANAGEMENT LLC1+ years Service code 27 · EIN 26-2934519	Advisory (Plan)	$39,953
AMERICAN FUNDS1+ years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BARON1+ years Service code 52 · EIN 13-6891420	Indirect Investment Fees	$0
BLACKROCK1+ years Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
CALVERT1+ years Service code 52 · EIN 52-1233223	Indirect Investment Fees	$0
FRANKLIN TEMPLETON1+ years Filed as: FRANKLINTEMPLETON Service code 52 · EIN 22-2894171	Indirect Investment Fees	$0
HARRIS1+ years Service code 52 · EIN 52-2257782	Indirect Investment Fees	$0
INVESCO1+ years Service code 52 · EIN 93-6305075	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY1+ years Filed as: JP MORGAN Service code 52 · EIN 13-3963293	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Service code 49 · EIN 04-1590850	Other Services	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D3H2T

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$377

$3 / participant

Contract admin$377100.0%

% of EOY assets

0.003%

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: KRONICK KALADA AND BERDY & CO
Auditor EIN: 232667890
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$93,371

$73,638+26.8%

$95,960-2.7%

$73,493+27.0%

Participation rate

75.5%

76.2%-0.6pp

77.1%-1.6pp

70.7%+4.8pp

Annual return

10.19%

16.78%-6.6pp

91.63%-81.4pp

28.51%-18.3pp

Employer contribution / active EE

$264

$1,863-85.8%

$2,541-89.6%

$2,270-88.4%

Participant deferral / active EE

$536

$3,617-85.2%

$4,167-87.1%

$3,740-85.7%

Admin fee / account holder

$482-99.4%

$6,797-100.0%

$513-99.4%

Provider

Service type

Compensation

JACOBI CAPITAL MANAGEMENT LLC1+ years

Service code 27 · EIN 26-2934519

Advisory (Plan)

$39,953

AMERICAN FUNDS1+ years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BARON1+ years

Service code 52 · EIN 13-6891420

Indirect Investment Fees

BLACKROCK1+ years

Service code 52 · EIN 51-0318674

Indirect Investment Fees

CALVERT1+ years

Service code 52 · EIN 52-1233223

Indirect Investment Fees

FRANKLIN TEMPLETON1+ years

Filed as: FRANKLINTEMPLETON

Service code 52 · EIN 22-2894171

Indirect Investment Fees

HARRIS1+ years

Service code 52 · EIN 52-2257782

Indirect Investment Fees

INVESCO1+ years

Service code 52 · EIN 93-6305075

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY1+ years

Filed as: JP MORGAN

Service code 52 · EIN 13-3963293

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Service code 49 · EIN 04-1590850

Other Services

MEDICO 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEDICO 401(K) 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