Retirement plan

MCKENNEY MECHANICAL CONTRACTOR 401 K PROFIT SHARING PLAN TRUST

Name: MCKENNEY MECHANICAL CONTRACTOR - MCKENNEY MECHANICAL CONTRACTOR 401 K PROFIT SHARING PLAN TRUST (2018) Form 5500
Creator: MCKENNEY MECHANICAL CONTRACTOR
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCKENNEY MECHANICAL CONTRACTOR 401 K PROFIT SHARING PLAN TRUST, MCKENNEY MECHANICAL CONTRACTOR

MCKENNEY MECHANICAL CONTRACTOREIN 06-1221413Plan #002PY 2018

15 COMMERCE ROAD - NEWTOWN, CT 06470203-364-1000mckenneymechanical.comLinkedIn51-200 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.5M

-6.4% from 2017

Total participants

+18.8% from 2017

Average account balance

$81,109

-16.8% from 2017

Annual return

-5.46%

-26.83 pp from 2017

Benchmarks

See 38,940 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort38,940 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.68M

Not enough data

1 years with asset history on file

Average account balance

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

$195K

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.

120.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$367K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+19.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2T2J2E3D2G2F

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

$165K

$10972 / participant

Other / not subdivided$165K100.0%

% of EOY assets

11.273%

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

$81,109

$97,732-17.0%

$83,831-3.2%

$135,380-40.1%

Participation rate

93.3%

80.0%+13.4pp

76.1%+17.2pp

82.6%+10.7pp

Annual return

-5.46%

1287.56%-1293.0pp

850.99%-856.5pp

519.81%-525.3pp

Employer contribution / active EE

$2,360

$4,222-44.1%

$3,631-35.0%

$4,779-50.6%

Participant deferral / active EE

$7,447

$4,683+59.0%

$4,082+82.4%

$5,609+32.8%

Admin fee / account holder

$9,143

$6,675+37.0%

$5,479+66.9%

$10,828-15.6%

MCKENNEY MECHANICAL CONTRACTOR 401 K PROFIT SHARING PLAN TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCKENNEY MECHANICAL CONTRACTOR 401 K PROFIT SHARING PLAN TRUST

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