Retirement plan

MACFARLANE ENERGY, INC. 401(K) PROFIT SHARING PLAN

Name: MACFARLANE ENERGY, INC. - MACFARLANE ENERGY, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: MACFARLANE ENERGY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MACFARLANE ENERGY, INC. 401(K) PROFIT SHARING PLAN, MACFARLANE ENERGY, INC.

MACFARLANE ENERGY, INC.EIN 04-2294858Plan #003PY 2023

95 BRIDGE STREET - DEDHAM, MA 020261742781-326-9500macfarlaneenergy.comLinkedIn51-200 employeesoil & energy

Prospect flagsLow returnsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$10.2M

+7.4% from 2022

Total participants

103

-11.2% from 2022

Average account balance

$115,576

+40.4% from 2022

Annual return

3.18%

+14.97 pp from 2022

Benchmarks

See 2,313 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort2,313 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.74M

Not enough data

1 years with asset history on file

Average account balance

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

$75K

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.

117

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.

117.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$546K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+3.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12377

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 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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$320K

$3899 / participant

Other / not subdivided$320K100.0%

% of EOY assets

3.144%

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

$115,576

$57,541+100.9%

$95,759+20.7%

$75,177+53.7%

Participation rate

81.7%

62.5%+19.2pp

72.3%+9.5pp

67.2%+14.5pp

Annual return

3.18%

34.93%-31.8pp

28.42%-25.2pp

160.75%-157.6pp

Employer contribution / active EE

$2,213

$1,808+22.4%

$2,836-22.0%

$2,671-17.1%

Participant deferral / active EE

$6,340

$3,074+106.2%

$4,244+49.4%

$4,126+53.6%

Admin fee / account holder

$3,634

$4,099-11.3%

$5,678-36.0%

$5,651-35.7%

MACFARLANE ENERGY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MACFARLANE ENERGY, INC. 401(K) 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