Retirement plan

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

Name: MABEY'S MOVING & STORAGE, INC. (PENSION) - 401 (K) PROFIT SHARING PLAN FOR THE EMPLOYEES OF MABEY'S MOVING & STORAGE, INC. (2020) Form 5500
Creator: MABEY'S MOVING & STORAGE, INC. (PENSION)
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 & STORAGE, INC., MABEY'S MOVING & STORAGE, INC. (PENSION)

MABEY'S MOVING & STORAGE, INC. (PENSION)EIN 14-1501031Plan #001PY 2020

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

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$1.7M

+17.3% from 2019

Total participants

0.0% from 2019

Average account balance

$47,179

+20.5% from 2019

Annual return

13.26%

-9.72 pp from 2019

Benchmarks

See 6,938 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort6,938 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.79M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

78.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$121K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+7.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8676

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

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$9K

$414 / participant

Other / not subdivided$9K100.0%

% of EOY assets

0.522%

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

$47,179

$102,638-54.0%

$81,982-42.5%

$158,982-70.3%

Participation rate

95.5%

75.5%+19.9pp

69.3%+26.2pp

82.0%+13.5pp

Annual return

13.26%

61.05%-47.8pp

41.31%-28.1pp

302.99%-289.7pp

Employer contribution / active EE

$255

$3,241-92.1%

$2,498-89.8%

$4,763-94.6%

Participant deferral / active EE

$2,879

$4,649-38.1%

$3,722-22.7%

$5,983-51.9%

Admin fee / account holder

$246

$8,237-97.0%

$5,665-95.7%

$11,252-97.8%

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

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 & STORAGE, INC.

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