Retirement plan

MAUGUS MANUFACTURING, INC. PROFIT SHARING PLAN

Name: MAUGUS MANUFACTURING, INC. - MAUGUS MANUFACTURING, INC. PROFIT SHARING PLAN (2021) Form 5500
Creator: MAUGUS MANUFACTURING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAUGUS MANUFACTURING, INC. PROFIT SHARING PLAN, MAUGUS MANUFACTURING, INC.

MAUGUS MANUFACTURING, INC.EIN 04-2067189Plan #002PY 2021

507 E. FULTON STREET - LANCASTER, PA 176023022717-299-5681maugusmanufacturing.openfos.comLinkedIn51-200 employees

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$12.4M

+15.1% from 2020

Total participants

167

+8.4% from 2020

Average account balance

$74,090

+6.1% from 2020

Annual return

15.46%

+6.72 pp from 2020

Benchmarks

See 4,054 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,054 peers

Snapshot2021

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$9.42M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

216

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.

90.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$592K

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

+11.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$52

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 3 by compensation

Provider	Service type	Compensation
GARDNER RUSSO7+ years Filed as: GARDNER RUSSO GARDNER Service code 19 · EIN 23-2673088	Securities Custodian	$25,307
ALERUS FINANCIAL, N.A.7+ years Service code 15 · EIN 45-6062081	Recordkeeping	$11,277
BRANDES INVESTMENT PARTNERS7+ years Service code 27 · EIN 33-0704072	Advisory (Plan)	$8,148

Plan features & details

Pension benefit codes2E2F2H2J2T3D2A

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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

$46K

$356 / participant

Investment mgmt$33K72.8%
Other / not subdivided$13K27.2%

% of EOY assets

0.372%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: RKL, LLP
Auditor EIN: 232108173
Audit fees: (not subdivided)
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,090

$84,936-12.8%

$111,297-33.4%

$79,386-6.7%

Participation rate

100.0%

75.9%+24.1pp

77.3%+22.7pp

70.7%+29.3pp

Annual return

15.46%

17.45%-2.0pp

54.65%-39.2pp

116.85%-101.4pp

Employer contribution / active EE

$3,292

$1,979+66.3%

$2,731+20.6%

$2,427+35.6%

Participant deferral / active EE

$2,439

$3,888-37.3%

$4,487-45.6%

$4,046-39.7%

Admin fee / account holder

$275

$537-48.8%

$7,964-96.5%

$626-56.1%

Provider

Service type

Compensation

GARDNER RUSSO7+ years

Filed as: GARDNER RUSSO GARDNER

Service code 19 · EIN 23-2673088

Securities Custodian

$25,307

ALERUS FINANCIAL, N.A.7+ years

Service code 15 · EIN 45-6062081

Recordkeeping

$11,277

BRANDES INVESTMENT PARTNERS7+ years

Service code 27 · EIN 33-0704072

Advisory (Plan)

$8,148

MAUGUS MANUFACTURING, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAUGUS MANUFACTURING, INC. PROFIT SHARING 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