Retirement plan

MASCORP MANAGEMENT CORP. 401(K) PROFIT SHARING PLAN

Name: MASCORP MANAGEMENT CORP. - MASCORP MANAGEMENT CORP. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: MASCORP MANAGEMENT CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MASCORP MANAGEMENT CORP. 401(K) PROFIT SHARING PLAN, MASCORP MANAGEMENT CORP.

MASCORP MANAGEMENT CORP.EIN 04-3399772Plan #001PY 2016

1545 NEW STATE HWY - RAYNHAM, MA 02767508-880-7000LinkedIn51-200 employeesretail

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$2M

+13.5% from 2015

Total participants

153

+7.7% from 2015

Average account balance

$30,292

+11.8% from 2015

Annual return

4.97%

+7.06 pp from 2015

Benchmarks

See 2,356 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,356 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.58M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

104

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.

56.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$410K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+14.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3779

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

Top 5 by compensation

Provider	Service type	Compensation
NATIONWIDE2+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$11,056
DOWNEY & COMPANY, LLP1 year Filed as: DOWNEY AND COMPANY, LLP Service code 10 222 FORBES ROAD · BRAINTREE, MA 02184	Accounting	$6,840
PENSION ASSURANCE LLP2+ years Filed as: THE PENSION SERVICE, LLC Service code 14 · EIN 04-3496225 142 NORTH ROAD, SUITE N · SUDBURY, MA 017761149	Plan Administrator	$6,180
CARON & BLETZER, PLLC2+ years Service code 10 PO BOX 668 · KINGSTON, NH 03848	Accounting	$716
AMERIPRISE FINANCIAL SERVICES INC2+ years Filed as: AMERIPRISE FINANCIAL SERVICES Service code 55 50082 AMERIPRISE FINANCIAL CTR · MINNEAPOLIS, MN 55474	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$14K

$100 / participant

Investment mgmt$14K100.0%

% of EOY assets

0.697%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: DOWNEY & COMPANY, LLP
Auditor EIN: 043106302
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,292

$42,546-28.8%

$71,796-57.8%

$55,167-45.1%

Participation rate

39.0%

59.1%-20.1pp

69.1%-30.1pp

69.0%-30.0pp

Annual return

4.97%

12.36%-7.4pp

78.04%-73.1pp

169.23%-164.3pp

Employer contribution / active EE

$803-100.0%

$1,924-100.0%

$1,963-100.0%

Participant deferral / active EE

$1,637

$2,064-20.7%

$2,794-41.4%

$3,054-46.4%

Admin fee / account holder

$211

$650-67.5%

$4,815-95.6%

$504-58.1%

Provider

Service type

Compensation

NATIONWIDE2+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$11,056

DOWNEY & COMPANY, LLP1 year

Filed as: DOWNEY AND COMPANY, LLP

Service code 10

222 FORBES ROAD · BRAINTREE, MA 02184

Accounting

$6,840

PENSION ASSURANCE LLP2+ years

Filed as: THE PENSION SERVICE, LLC

Service code 14 · EIN 04-3496225

142 NORTH ROAD, SUITE N · SUDBURY, MA 017761149

Plan Administrator

$6,180

CARON & BLETZER, PLLC2+ years

Service code 10

PO BOX 668 · KINGSTON, NH 03848

Accounting

$716

AMERIPRISE FINANCIAL SERVICES INC2+ years

Filed as: AMERIPRISE FINANCIAL SERVICES

Service code 55

50082 AMERIPRISE FINANCIAL CTR · MINNEAPOLIS, MN 55474

Other Commissions

MASCORP MANAGEMENT CORP. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MASCORP MANAGEMENT CORP. 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