Retirement plan

MAMIYE BROS., INC. 401(K) PLAN

Name: MAMIYE BROTHERS, INC. - MAMIYE BROS., INC. 401(K) PLAN (2021) 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 2021

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

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$34.2M

+1.8% from 2020

Total participants

196

-2.0% from 2020

Average account balance

$186,674

+5.2% from 2020

Annual return

12.23%

+3.78 pp from 2020

Benchmarks

See 2,249 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,249 peers

Snapshot2021

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
PENSIONMARK FINANCIAL GROUP LLC6 years Service code 27 · EIN 13-2624428	Advisory (Plan)	$41,854
MAYER HOFFMAN MCCANN P.C.6 years Filed as: MAYER HOFFMAN MCCANN CPAS Service code 10 · EIN 43-1947695	Accounting	$16,738
JPMORGAN INVEST HOLDINGS LLC7+ years Service code 64 · EIN 13-2624428	Recordkeeping Fees	$472

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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 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

$59K

$473 / participant

Contract admin$59K100.0%

% of EOY assets

0.173%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$186,674

$93,182+100.3%

$146,647+27.3%

$79,389+135.1%

Participation rate

89.6%

76.4%+13.2pp

80.1%+9.5pp

70.7%+18.9pp

Annual return

12.23%

21.61%-9.4pp

22.75%-10.5pp

116.89%-104.7pp

Employer contribution / active EE

$2,420-100.0%

$4,137-100.0%

$2,428-100.0%

Participant deferral / active EE

$8,150

$4,169+95.5%

$5,506+48.0%

$4,046+101.4%

Admin fee / account holder

$323

$585-44.8%

$10,281-96.9%

$626-48.5%

Provider

Service type

Compensation

PENSIONMARK FINANCIAL GROUP LLC6 years

Service code 27 · EIN 13-2624428

Advisory (Plan)

$41,854

MAYER HOFFMAN MCCANN P.C.6 years

Filed as: MAYER HOFFMAN MCCANN CPAS

Service code 10 · EIN 43-1947695

Accounting

$16,738

JPMORGAN INVEST HOLDINGS LLC7+ years

Service code 64 · EIN 13-2624428

Recordkeeping Fees

$472

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