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R.E. Michel Company, LLC

Form 5500 Data
OverviewPlan ComponentsInvestmentsProvidersArticles & Questions

R.E. Michel Company, LLC

61
Form 5500 Data
OverviewPlan ComponentsInvestmentsProvidersArticles & Questions

Overview

Plan Rating

BrightScope Rating
61
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (19)
Average in Peer Group (73)
Highest in Peer Group (89)

Plan Description

R.E. Michel Company, LLC 401k Profit Sharing and Savings Plan and Trust is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 61. This plan is in the top 35% of plans for Participation Rate and Total Plan Cost. R.E. Michel Company, LLC 401k Profit Sharing and Savings Plan and Trust currently has over 2,000 active participants and over $64.5M in plan assets.

Did you know?

For the average 401k participant, the 28 point difference between this plan's BrightScope Rating (61) and the top rated plan (89) could equate to:
15
Additional years of work
121,518
Lost Savings
*The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2019
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address One R.e. Michel Drive
  • Location
    Glen Burnie , MD
    • 21060
  • Industry
    Wholesale Trade
  • Administrator
    Peggy Kennelley
  • Sponsor
    Ronald Miller
  • Net Plan Assets
    $64,500,000
  • Total Participants
    2,000
  • Avg Account Balance
    $33,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Low Fees
Company Generosity:
Below Avg.

Performance

Participation Rate:
Above Average
Salary Deferrals:
Below Avg.
Account Balance:
Average

Design

Total Plan Cost:
Low Fees
Company Generosity:
Below Avg.

Performance

Participation Rate:
Above Average
Salary Deferrals:
Below Avg.
Account Balance:
Below Avg.

Peer Group Plans

Company Rating
Mingledorff's 82.3
Climatec, L.L.C. 78.5
Harrington Industrial Plastics 72.7
LaForce 72.5
Wesco Aircraft Hardware 71.3
PACE Supply 69.3

Top Industry Articles

Compliance
‘Secure Act 2.0’ Likely to Become a Reality

Retirement Plan Execs Confident Senate Will Pass the Bill Into Law

June 4, 2021
Data & Research
Health, Family, Purpose, Finances: ‘The New Four Pillars of Retirement’ 

Edward Jones and Age Wave say advisers should take a new approach to working with retirees by helping them determine what they want to do when they stop working.

June 15, 2021
exclusives
Excessive Fee Lawsuits Expected to Continue to Rain Down on Plans
Settlements have totaled more than $1 billion, making insurers think twice about new fiduciary insurance policies.
June 11, 2021
Compliance
Judge Significantly Pares Down Claims in ERISA Excessive Fee Suit

Some claims against Konica Minolta and its 401(k) committee were moved forward but all claims against the company’s board were dismissed.

June 16, 2021
Compliance
Retirement Plan Clients Should Anticipate DOL Cybersecurity Inquiries

Attorneys have confirmed that the DOL has begun an audit initiative and is asking for a broad range of cybersecurity information and documentation.

June 15, 2021

Investments

Investment Menu Stats

# of Investment Options

30

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Vanguard Group Target Retirement 33%
34%
Principal Large Cap Growth 12%
N/A
Vanguard Retirement Savings Trust 12%
N/A
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan
for Asset Managers

Providers

Plan Service Providers

SERVICE PROVIDER
Recordkeeper
Vanguard Group
Consultant
Vanguard Group
Recordkeeper
Harbor
Consultant
Harbor
Auditor
CliftonLarsonAllen LLP

Articles and Questions

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Why Do Investment Expenses Matter?
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Popular Questions

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