Retirement plan

401(K) PROFIT SHARING PLAN FOR THE EMPLOYEES OF MABEY'S MOVING &

Name: MABEY'S MOVING & STORAGE, INC. - 401(K) PROFIT SHARING PLAN FOR THE EMPLOYEES OF MABEY'S MOVING & (2019) Form 5500
Creator: MABEY'S MOVING & STORAGE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PROFIT SHARING PLAN FOR THE EMPLOYEES OF MABEY'S MOVING &, MABEY'S MOVING & STORAGE, INC.

MABEY'S MOVING & STORAGE, INC.EIN 14-1501031Plan #001PY 2019

515 3RD AVENUE EXTENSION - RENSSELAER, NY 12144518-283-0017mabeys.comLinkedIn51-200 employeestransportation/trucking/railroad

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$1.5M

+25.2% from 2018

Total participants

-9.5% from 2018

Average account balance

$39,168

+38.4% from 2018

Annual return

22.98%

+29.21 pp from 2018

Benchmarks

See 6,730 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort6,730 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.25M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

71.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$207K

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

+16.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1039

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 codes2E2J2R2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

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

$61K

$2667 / participant

Other / not subdivided$61K100.0%

% of EOY assets

4.121%

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

$39,168

$96,508-59.4%

$75,901-48.4%

$152,897-74.4%

Participation rate

100.0%

76.2%+23.8pp

69.3%+30.7pp

82.5%+17.5pp

Annual return

22.98%

33.99%-11.0pp

30.76%-7.8pp

345.43%-322.4pp

Employer contribution / active EE

$260

$3,310-92.2%

$2,501-89.6%

$4,764-94.6%

Participant deferral / active EE

$3,546

$4,554-22.1%

$3,603-1.6%

$5,851-39.4%

Admin fee / account holder

$1,614

$8,081-80.0%

$5,420-70.2%

$11,599-86.1%

401(K) PROFIT SHARING PLAN FOR THE EMPLOYEES OF MABEY'S MOVING &

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PROFIT SHARING PLAN FOR THE EMPLOYEES OF MABEY'S MOVING &

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