Retirement plan

MID COLUMBIA FORKLIFT, INC. 401(K) PLAN

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

MID COLUMBIA FORKLIFT, INC.EIN 91-1037728Plan #001PY 2020

PO BOX 9667 - YAKIMA, WA 98909509-457-5137midcoforklift.comLinkedIn51-200 employeeswarehousing

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$8.5M

+17.2% from 2019

Total participants

113

+3.7% from 2019

Average account balance

$75,464

+13.0% from 2019

Annual return

14.45%

-11.81 pp from 2019

Benchmarks

See 9,302 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,302 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.62M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

144

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$702K

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

+12.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14

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

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
SENTRY LIFE INSURANCE COMPANY3 years Service code 64 · EIN 39-6040276	Recordkeeping Fees	$1,143

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$1K

$12 / participant

Investment mgmt$504.2%
Contract admin$1K95.8%

% of EOY assets

0.014%

all-in expense ratio

Categories reported

2 / 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: CLIFTON LARSON ALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$75,464

$65,041+16.0%

$90,965-17.0%

$79,858-5.5%

Participation rate

100.0%

61.6%+38.4pp

69.0%+31.0pp

69.6%+30.4pp

Annual return

14.45%

30.45%-16.0pp

134.57%-120.1pp

31.72%-17.3pp

Employer contribution / active EE

$2,121

$1,247+70.1%

$2,122-0.1%

$2,471-14.2%

Participant deferral / active EE

$2,922

$2,512+16.3%

$3,373-13.4%

$3,740-21.9%

Admin fee / account holder

$11

$4,536-99.8%

$5,960-99.8%

$5,306-99.8%

Provider

Service type

Compensation

SENTRY LIFE INSURANCE COMPANY3 years

Service code 64 · EIN 39-6040276

Recordkeeping Fees

$1,143

MID COLUMBIA FORKLIFT, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MID COLUMBIA FORKLIFT, INC. 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