Retirement plan

MGF CONSORTIUM COMPANIES 401(K) PROFIT SHARING PLAN

Name: MGF CONSORTIUM COMPANIES - MGF CONSORTIUM COMPANIES 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: MGF CONSORTIUM COMPANIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MGF CONSORTIUM COMPANIES 401(K) PROFIT SHARING PLAN, MGF CONSORTIUM COMPANIES

MGF CONSORTIUM COMPANIESEIN 13-2813196Plan #001PY 2017

400 RARITAN CENTER PARKWAY, P.O. BOX 6444 - EDISON, NJ 08837732-512-1777

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$1.3M

+19.5% from 2016

Total participants

-12.5% from 2016

Average account balance

$41,182

+15.7% from 2016

Annual return

10.16%

+14.09 pp from 2016

Benchmarks

See 5,958 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,958 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.15M

Not enough data

1 years with asset history on file

Average account balance

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

$98K

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.

64.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$165K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+9.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1055

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 codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1K

$39 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.091%

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

$41,182

$67,411-38.9%

$91,004-54.7%

$70,126-41.3%

Participation rate

90.3%

71.4%+19.0pp

75.6%+14.7pp

69.5%+20.8pp

Annual return

10.16%

-40.16%+50.3pp

4.60%+5.6pp

73.15%-63.0pp

Employer contribution / active EE

$1,239

$1,786-30.6%

$2,456-49.6%

$2,343-47.1%

Participant deferral / active EE

$2,112

$2,823-25.2%

$3,548-40.5%

$3,332-36.6%

Admin fee / account holder

$37

$4,236-99.1%

$5,417-99.3%

$4,645-99.2%

MGF CONSORTIUM COMPANIES 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MGF CONSORTIUM COMPANIES 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