Retirement plan

MAMIYE BROS., INC. 401(K) PLAN

Name: MAMIYE BROTHERS, INC. - MAMIYE BROS., INC. 401(K) PLAN (2016) Form 5500
Creator: MAMIYE BROTHERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAMIYE BROS., INC. 401(K) PLAN, MAMIYE BROTHERS, INC.

MAMIYE BROTHERS, INC.EIN 13-2508167Plan #003PY 2016

1385 BROADWAY 18TH FLOOR - NEW YORK, NY 10018212-216-6104

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$25.7M

+1.6% from 2015

Total participants

191

+0.5% from 2015

Average account balance

$179,462

+0.2% from 2015

Annual return

8.16%

+8.87 pp from 2015

Benchmarks

See 2,366 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,366 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$36.80M

Not enough data

1 years with asset history on file

Average account balance

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

$176K

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.

209

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.

92.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.98M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+11.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$238

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 4 by compensation

Provider	Service type	Compensation
MAYER HOFFMAN MCCANN P.C.1 year Filed as: MAYER HOFFMAN MCCANN CPAS Service code 10 1065 AVENUE OF AMERICAS · NEW YORK, NY 10018	Accounting	$15,395
PENSIONMARK FINANCIAL GROUP LLC1 year Service code 27 24 E COTA ST STE 200 · SANTA BARBARA, CA 93101	Advisory (Plan)	$7,372
RIDGE RETIREMENT CONSULTANTS LLC1 year Service code 27 108 W 39TH ST STE 305 · NEW YORK, NY 10018	Advisory (Plan)	$3,669
JPMORGAN INVEST HOLDINGS LLC2+ years Service code 64 · EIN 13-2624428	Recordkeeping Fees	$195

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$27K

$169 / participant

Contract admin$27K100.0%

% of EOY assets

0.104%

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: MAYER HOFFMAN MCCANN CPAS
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$179,462

$63,924+180.7%

$108,582+65.3%

$55,167+225.3%

Participation rate

69.6%

74.3%-4.7pp

79.6%-10.0pp

69.0%+0.6pp

Annual return

8.16%

15.31%-7.2pp

-51.70%+59.9pp

169.23%-161.1pp

Employer contribution / active EE

$1,879-100.0%

$3,758-100.0%

$1,963-100.0%

Participant deferral / active EE

$5,140

$3,067+67.6%

$4,311+19.2%

$3,054+68.3%

Admin fee / account holder

$186

$618-69.8%

$7,645-97.6%

$504-63.0%

Provider

Service type

Compensation

MAYER HOFFMAN MCCANN P.C.1 year

Filed as: MAYER HOFFMAN MCCANN CPAS

Service code 10

1065 AVENUE OF AMERICAS · NEW YORK, NY 10018

Accounting

$15,395

PENSIONMARK FINANCIAL GROUP LLC1 year

Service code 27

24 E COTA ST STE 200 · SANTA BARBARA, CA 93101

Advisory (Plan)

$7,372

RIDGE RETIREMENT CONSULTANTS LLC1 year

Service code 27

108 W 39TH ST STE 305 · NEW YORK, NY 10018

Advisory (Plan)

$3,669

JPMORGAN INVEST HOLDINGS LLC2+ years

Service code 64 · EIN 13-2624428

Recordkeeping Fees

$195

MAMIYE BROS., INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAMIYE BROS., 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