Retirement plan

MDBS HOURLY 401(K) PLAN

Name: MILITARY DELI & BAKERY SERVICES INC - MDBS HOURLY 401(K) PLAN (2020) Form 5500
Creator: MILITARY DELI & BAKERY SERVICES INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MDBS HOURLY 401(K) PLAN, MILITARY DELI & BAKERY SERVICES INC

MILITARY DELI & BAKERY SERVICES INCEIN 95-4598949Plan #001PY 2020

3600 THAYER COURT, SUITE 100 - AURORA, IL 60504630-851-9383

Other plans on this EIN

1 filing

#002Retirement-$6.9M assets

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$5.2M

+11.9% from 2019

Total participants

1,093

-20.3% from 2019

Average account balance

$5,389

+39.1% from 2019

Annual return

14.29%

-3.74 pp from 2019

Benchmarks

See 690 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort690 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.75M

Not enough data

1 years with asset history on file

Average account balance

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

$8K

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.

1,121

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.

94.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.49M

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

+9.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$51

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
MINNESOTA LIFE INSURANCE COMPANY3 years Service code 13 · EIN 41-0417830	Contract Administrator	$49,983

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$87K

$116 / participant

Contract admin$87K100.0%

% of EOY assets

1.676%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CITRIN COOPERMAN & COMPANY LLP
Auditor EIN: 222428965
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$5,389

$29,369-81.7%

$77,552-93.1%

$73,412-92.7%

Participation rate

83.0%

37.9%+45.1pp

54.2%+28.8pp

72.2%+10.8pp

Annual return

14.29%

358.15%-343.9pp

54.82%-40.5pp

59.30%-45.0pp

Employer contribution / active EE

$1,142

$406+181.5%

$987+15.8%

$2,234-48.9%

Participant deferral / active EE

$215

$941-77.2%

$1,861-88.5%

$3,806-94.4%

Admin fee / account holder

$90

$123-26.4%

$2,859-96.8%

$158-42.8%

Provider

Service type

Compensation

MINNESOTA LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 41-0417830

Contract Administrator

$49,983

MDBS HOURLY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MDBS HOURLY 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