Retirement plan

NATIONAL MECHANICAL SERVICES, INC. 401(K) PLAN

Name: NATIONAL MECHANICAL SERVICES, INC. - NATIONAL MECHANICAL SERVICES, INC. 401(K) PLAN (2019) Form 5500
Creator: NATIONAL MECHANICAL SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIONAL MECHANICAL SERVICES, INC. 401(K) PLAN, NATIONAL MECHANICAL SERVICES, INC.

NATIONAL MECHANICAL SERVICES, INC.EIN 04-2960618Plan #002PY 2019

10 DRAPER ST UNIT 21 - WOBURN, MA 01801781-995-2343natmech.comLinkedIn1-10 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$412K

+31.7% from 2018

Total participants

0.0% from 2018

Average account balance

$41,229

+18.5% from 2018

Annual return

24.94%

+34.30 pp from 2018

Benchmarks

See 40,744 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort40,744 peers

Snapshot2019

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$973K

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

109.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$49K

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

+19.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$838

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

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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

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

$6K

$645 / participant

Other / not subdivided$6K100.0%

% of EOY assets

1.408%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,229

$107,334-61.6%

$92,893-55.6%

$152,861-73.0%

Participation rate

77.8%

79.8%-2.0pp

76.0%+1.8pp

82.4%-4.7pp

Annual return

24.94%

145.58%-120.6pp

109.41%-84.5pp

345.32%-320.4pp

Employer contribution / active EE

$4,221-100.0%

$3,653-100.0%

$4,762-100.0%

Participant deferral / active EE

$2,370

$4,845-51.1%

$4,236-44.1%

$5,850-59.5%

Admin fee / account holder

$580

$7,079-91.8%

$5,794-90.0%

$11,596-95.0%

NATIONAL MECHANICAL SERVICES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NATIONAL MECHANICAL SERVICES, INC. 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