Retirement plan

MAKHTESHIM AGAN OF NORTH AMERICA, INC., 401(K) PROFIT SHARING PLAN & TRUST

Name: MAKHTESHIM AGAN OF NORTH AMERICA, INC. - MAKHTESHIM AGAN OF NORTH AMERICA, INC., 401(K) PROFIT SHARING PLAN & TRUST (2015) Form 5500
Creator: MAKHTESHIM AGAN OF NORTH AMERICA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAKHTESHIM AGAN OF NORTH AMERICA, INC., 401(K) PROFIT SHARING PLAN & TRUST, MAKHTESHIM AGAN OF NORTH AMERICA, INC.

MAKHTESHIM AGAN OF NORTH AMERICA, INC.EIN 13-3619981Plan #002PY 2015

3120 HIGHWOODS BLVD., SUITE 100 - RALEIGH, NC 27604919-256-5950manainc.comLinkedIn201-500 employeesenvironmental services

Prospect flagsHigh feesLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$12M

No prior year

Total participants

301

No prior year

Average account balance

$52,903

No prior year

Annual return

0.47%

No prior year

Benchmarks

See 343 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort343 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.70M

Not enough data

1 years with asset history on file

Average account balance

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

$93K

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.

297

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.

94.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.72M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+13.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$378

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
MCGUIREWOODS LLP1+ years Filed as: MCGUIREWOODS Service code 29 · EIN 54-0505857	Legal	$36,589
MORGAN STANLEY SMITH BARNEY1+ years Filed as: MORGAN STANLEY Service code 16 · EIN 26-4310632	Consulting	$30,310
FIDELITY INVESTMENTS INSTITUTIONAL1+ years Service code 37 · EIN 04-2647786	Loan Processing	$5,131
MORGAN STANLEY SMITH BARNEY1+ years Filed as: GRAYSTONE CONSULTING RALEIGH Service code 61 3737 GLENWOOD AVE, SUITE 320 · RALEIGH, NC 27612	Finders' fees / placement fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$75K

$319 / participant

Other / not subdivided$75K100.0%

% of EOY assets

0.623%

all-in expense ratio

Categories reported

0 / 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: CHERRY BEKAERT LLP
Auditor EIN: 560574444
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,903

$47,969+10.3%

$85,969-38.5%

$52,331+1.1%

Participation rate

67.9%

61.7%+6.2pp

76.5%-8.6pp

68.1%-0.2pp

Annual return

0.47%

-0.13%+0.6pp

9.32%-8.8pp

4.54%-4.1pp

Employer contribution / active EE

$2,536

$1,460+73.7%

$3,474-27.0%

$1,882+34.8%

Participant deferral / active EE

$5,418

$2,110+156.7%

$3,829+41.5%

$3,022+79.3%

Admin fee / account holder

$330

$530-37.8%

$6,053-94.6%

$592-44.3%

Provider

Service type

Compensation

MCGUIREWOODS LLP1+ years

Filed as: MCGUIREWOODS

Service code 29 · EIN 54-0505857

Legal

$36,589

MORGAN STANLEY SMITH BARNEY1+ years

Filed as: MORGAN STANLEY

Service code 16 · EIN 26-4310632

Consulting

$30,310

FIDELITY INVESTMENTS INSTITUTIONAL1+ years

Service code 37 · EIN 04-2647786

Loan Processing

$5,131

MORGAN STANLEY SMITH BARNEY1+ years

Filed as: GRAYSTONE CONSULTING RALEIGH

Service code 61

3737 GLENWOOD AVE, SUITE 320 · RALEIGH, NC 27612

Finders' fees / placement fees

MAKHTESHIM AGAN OF NORTH AMERICA, INC., 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAKHTESHIM AGAN OF NORTH AMERICA, INC., 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