Retirement plan

MALVESE EQUIPMENT CO., INC. 401(K) PROFIT SHARING PLAN

Name: MALVESE EQUIPMENT CO., INC. - MALVESE EQUIPMENT CO., INC. 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: MALVESE EQUIPMENT CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MALVESE EQUIPMENT CO., INC. 401(K) PROFIT SHARING PLAN, MALVESE EQUIPMENT CO., INC.

MALVESE EQUIPMENT CO., INC.EIN 11-2587656Plan #001PY 2018

1 HENRIETTA STREET - HICKSVILLE, NY 11801516-681-7600malveseequipment.comLinkedIn11-50 employeessports

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$5M

-9.8% from 2017

Total participants

-6.5% from 2017

Average account balance

$122,702

-3.2% from 2017

Annual return

-4.01%

-15.59 pp from 2017

Benchmarks

See 2,031 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort2,031 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.23M

Not enough data

1 years with asset history on file

Average account balance

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

$141K

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.

76.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$172K

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

+12.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1062

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 codes2E2J2F2G3D

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.
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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$436K

$12446 / participant

Other / not subdivided$436K100.0%

% of EOY assets

8.659%

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

$122,702

$53,596+128.9%

$90,657+35.3%

$64,173+91.2%

Participation rate

94.3%

64.5%+29.8pp

74.0%+20.3pp

69.6%+24.7pp

Annual return

-4.01%

4.41%-8.4pp

1.89%-5.9pp

7.63%-11.6pp

Employer contribution / active EE

$1,503-100.0%

$2,532-100.0%

$2,381-100.0%

Participant deferral / active EE

$3,163

$2,459+28.7%

$3,424-7.6%

$3,470-8.8%

Admin fee / account holder

$10,625

$3,868+174.7%

$4,994+112.7%

$4,887+117.4%

MALVESE EQUIPMENT CO., INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MALVESE EQUIPMENT CO., 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