Retirement plan

MARGARETVILLE TELEPHONE CO., INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: MARGARETVILLE TELEPHONE CO., INC. - MARGARETVILLE TELEPHONE CO., INC. EMPLOYEE STOCK OWNERSHIP PLAN (2017) Form 5500
Creator: MARGARETVILLE TELEPHONE CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARGARETVILLE TELEPHONE CO., INC. EMPLOYEE STOCK OWNERSHIP PLAN, MARGARETVILLE TELEPHONE CO., INC.

MARGARETVILLE TELEPHONE CO., INC.EIN 15-0582945Plan #003PY 2017

P.O. BOX 260, 50 SWART STREET - MARGARETVILLE, NY 124550260845-586-4545mtctelcom.comLinkedIn11-50 employeestelecommunications

Other plans on this EIN

1 filing

#002Retirement-$1.0M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$4.5M

-9.6% from 2016

Total participants

+12.5% from 2016

Average account balance

$124,741

-22.1% from 2016

Annual return

0.42%

-6.55 pp from 2016

Benchmarks

See 8,045 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort8,045 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.47M

Not enough data

1 years with asset history on file

Average account balance

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

$265K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$971K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+2.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15308

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 codes2E2O2Q

Plan features

2E
Profit-sharing
Profit-sharing plan.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$593K

$24721 / participant

Other / not subdivided$593K100.0%

% of EOY assets

13.212%

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

$124,741

$105,856+17.8%

$90,161+38.4%

$147,586-15.5%

Participation rate

100.0%

79.7%+20.3pp

76.9%+23.1pp

82.8%+17.2pp

Annual return

0.42%

37.63%-37.2pp

34.89%-34.5pp

578.59%-578.2pp

Employer contribution / active EE

$4,083

$4,126-1.0%

$3,318+23.1%

$4,876-16.3%

Participant deferral / active EE

$5,733-100.0%

$5,287-100.0%

$5,439-100.0%

Admin fee / account holder

$16,481

$8,046+104.8%

$5,943+177.3%

$10,886+51.4%

MARGARETVILLE TELEPHONE CO., INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARGARETVILLE TELEPHONE CO., INC. EMPLOYEE STOCK OWNERSHIP 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