Retirement plan

MASONIC MEDICAL RESEARCH LABORATORY RETIREMENT PLAN

Name: MASONIC MEDICAL RESEARCH LABORATORY - MASONIC MEDICAL RESEARCH LABORATORY RETIREMENT PLAN (2016) Form 5500
Creator: MASONIC MEDICAL RESEARCH LABORATORY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MASONIC MEDICAL RESEARCH LABORATORY RETIREMENT PLAN, MASONIC MEDICAL RESEARCH LABORATORY

MASONIC MEDICAL RESEARCH LABORATORYEIN 13-5648611Plan #001PY 2016

2150 BLEECKER STREET - UTICA, NY 13501315-735-2217

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$9.4M

-20.9% from 2015

Total participants

+31.3% from 2015

Average account balance

$117,003

-36.7% from 2015

Annual return

6.00%

+6.72 pp from 2015

Benchmarks

See 7,815 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort7,815 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.64M

Not enough data

1 years with asset history on file

Average account balance

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

$104K

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.

155.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$742K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+13.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4852

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 codes2F2G2L2M2S2T2C

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.

Opportunity flags

1 tripped

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

$3.4M

$117257 / participant

Other / not subdivided$3M100.0%

% of EOY assets

36.329%

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

$117,003

$48,078+143.4%

$78,676+48.7%

$62,881+86.1%

Participation rate

86.2%

65.2%+21.0pp

73.6%+12.6pp

69.3%+16.9pp

Annual return

6.00%

31.36%-25.4pp

62.19%-56.2pp

20.14%-14.1pp

Employer contribution / active EE

$4,281

$2,015+112.5%

$2,850+50.2%

$2,281+87.7%

Participant deferral / active EE

$2,735

$2,587+5.7%

$3,517-22.2%

$3,203-14.6%

Admin fee / account holder

$42,506

$3,206+1225.8%

$4,510+842.5%

$4,296+889.5%

MASONIC MEDICAL RESEARCH LABORATORY RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MASONIC MEDICAL RESEARCH LABORATORY RETIREMENT 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