Retirement plan

A.M.A. NANTUCKET, INC. 401(K) PLAN

Name: A.M.A. NANTUCKET, INC. - A.M.A. NANTUCKET, INC. 401(K) PLAN (2020) Form 5500
Creator: A.M.A. NANTUCKET, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, A.M.A. NANTUCKET, INC. 401(K) PLAN, A.M.A. NANTUCKET, INC.

A.M.A. NANTUCKET, INC.EIN 04-2994209Plan #001PY 2020

134 ORANGE STREET - NANTUCKET, MA 02554508-228-0900LinkedIn51-200 employeesbuilding materials

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$10.6M

+11.8% from 2019

Total participants

170

0.0% from 2019

Average account balance

$73,245

+4.1% from 2019

Annual return

12.07%

-7.21 pp from 2019

Benchmarks

See 2,198 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,198 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.69M

Not enough data

1 years with asset history on file

Average account balance

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

$97K

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.

151

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.

88.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+13.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$492

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
PROFESSIONAL CAPITAL SERVICES, LLC6+ years Filed as: PROFESSIONAL CAPITAL SERVICES LLC Service code 12 · EIN 23-3038464	Participant communication; Recordkeep...	$28,419
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INS Service code 27 PO BOX 771115 · CINCINNATI, OH 45277	Advisory (Plan)	$16,323
THE ANGELL PENSION GROUP, INC.1 year Filed as: THE ANGELL PENSION GROUP INC Service code 13 88 BOYD AVE · EAST PROVIDENCE, RI 02914	Contract Administrator	$12,000

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$54K

$384 / participant

Other / not subdivided$54K100.0%

% of EOY assets

0.510%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SANDERS WALSH & EATON, CPA'S LLC
Auditor EIN: 841894608
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$73,245

$54,573+34.2%

$90,970-19.5%

$73,493-0.3%

Participation rate

82.3%

61.2%+21.1pp

69.0%+13.3pp

70.7%+11.6pp

Annual return

12.07%

16.69%-4.6pp

134.58%-122.5pp

28.51%-16.4pp

Employer contribution / active EE

$1,304

$991+31.5%

$2,122-38.6%

$2,270-42.6%

Participant deferral / active EE

$3,671

$2,517+45.9%

$3,373+8.8%

$3,740-1.8%

Admin fee / account holder

$374

$521-28.3%

$5,960-93.7%

$513-27.2%

Provider

Service type

Compensation

PROFESSIONAL CAPITAL SERVICES, LLC6+ years

Filed as: PROFESSIONAL CAPITAL SERVICES LLC

Service code 12 · EIN 23-3038464

Participant communication; Recordkeep...

$28,419

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INS

Service code 27

PO BOX 771115 · CINCINNATI, OH 45277

Advisory (Plan)

$16,323

THE ANGELL PENSION GROUP, INC.1 year

Filed as: THE ANGELL PENSION GROUP INC

Service code 13

88 BOYD AVE · EAST PROVIDENCE, RI 02914

Contract Administrator

$12,000

A.M.A. NANTUCKET, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

A.M.A. NANTUCKET, 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