Retirement plan

MORNINGSTAR MARBLE & GRANITE, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: MORNINGSTAR MARBLE & GRANITE, INC. - MORNINGSTAR MARBLE & GRANITE, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2024) Form 5500
Creator: MORNINGSTAR MARBLE & GRANITE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MORNINGSTAR MARBLE & GRANITE, INC. EMPLOYEE STOCK OWNERSHIP PLAN, MORNINGSTAR MARBLE & GRANITE, INC.

MORNINGSTAR MARBLE & GRANITE, INC.EIN 01-0487418Plan #002PY 2024

47 PARK DR. - TOPSHAM, ME 04086207-725-7309

Other plans on this EIN

1 filing

#001Retirement-$2.0M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.7M

+23.4% from 2023

Total participants

+17.6% from 2023

Average account balance

$184,170

+4.9% from 2023

Annual return

22.04%

-30.36 pp from 2023

Benchmarks

See 54,761 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort54,761 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.68M

Not enough data

1 years with asset history on file

Average account balance

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

$184K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$71K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+22.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2141

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 codes2I2P2Q3D3I

Plan features

2I
Stock bonus
Stock bonus plan.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
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.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$43K

$2254 / participant

Other / not subdivided$43K100.0%

% of EOY assets

1.163%

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

$184,170

$110,410+66.8%

$102,437+79.8%

$145,897+26.2%

Participation rate

100.0%

77.9%+22.1pp

74.5%+25.5pp

80.3%+19.7pp

Annual return

22.04%

24.85%-2.8pp

24.95%-2.9pp

552.29%-530.2pp

Employer contribution / active EE

$3,748

$4,217-11.1%

$3,871-3.2%

$4,663-19.6%

Participant deferral / active EE

$5,622-100.0%

$5,060-100.0%

$6,689-100.0%

Admin fee / account holder

$2,141

$9,745-78.0%

$8,388-74.5%

$13,390-84.0%

MORNINGSTAR MARBLE & GRANITE, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MORNINGSTAR MARBLE & GRANITE, INC. EMPLOYEE STOCK OWNERSHIP 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