Retirement plan

MEYER HANDELMAN COMPANY LLC 401(K) RETIREMENT PLAN

Name: MEYER HANDELMAN COMPANY LLC 401(K) RETIREMENT PLAN - MEYER HANDELMAN COMPANY LLC 401(K) RETIREMENT PLAN (2022) Form 5500
Creator: MEYER HANDELMAN COMPANY LLC 401(K) RETIREMENT PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEYER HANDELMAN COMPANY LLC 401(K) RETIREMENT PLAN, MEYER HANDELMAN COMPANY LLC 401(K) RETIREMENT PLAN

MEYER HANDELMAN COMPANY LLC 401(K) RETIREMENT PLANEIN 13-5600575Plan #002PY 2022

800 WESTCHESTER AVENUE, SUITE S618 - RYE BROOK, NY 10573914-939-4060

Other plans on this EIN

1 filing

#001Retirement-$8.5M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$394K

+159.0% from 2021

Total participants

+77.8% from 2021

Average account balance

$32,802

+94.2% from 2021

Annual return

-33.54%

-33.54 pp from 2021

Benchmarks

See 35,205 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort35,205 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.89M

Not enough data

1 years with asset history on file

Average account balance

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

$111K

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.

81.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$354K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+19.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1103

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 codes2E2F2G2J3D

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

1 tripped

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

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

$32,802

$167,533-80.4%

$151,645-78.4%

$134,545-75.6%

Participation rate

75.0%

88.4%-13.4pp

87.5%-12.5pp

81.2%-6.2pp

Annual return

-33.54%

7.81%-41.4pp

3.34%-36.9pp

418.37%-451.9pp

Employer contribution / active EE

$5,366

$6,828-21.4%

$6,165-13.0%

$4,742+13.2%

Participant deferral / active EE

$12,923

$8,985+43.8%

$8,363+54.5%

$6,401+101.9%

Admin fee / account holder

$13,781-100.0%

$11,614-100.0%

$11,431-100.0%

MEYER HANDELMAN COMPANY LLC 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

MEYER HANDELMAN COMPANY LLC 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion