Retirement plan

MARGARETVILLE TELEPHONE CO., INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: MARGARETVILLE TELEPHONE CO., INC. - MARGARETVILLE TELEPHONE CO., INC. EMPLOYEE STOCK OWNERSHIP PLAN (2018) 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 2018

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

Other plans on this EIN

1 filing

#002Retirement-$911K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$6M

+33.3% from 2017

Total participants

+19.4% from 2017

Average account balance

$139,170

+11.6% from 2017

Annual return

35.64%

+35.22 pp from 2017

Benchmarks

See 2,967 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort2,967 peers

Snapshot2018

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 codes2E2P2Q

Plan features

2E
Profit-sharing
Profit-sharing plan.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.

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

$468K

$15594 / participant

Other / not subdivided$468K100.0%

% of EOY assets

7.817%

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

$139,170

$58,600+137.5%

$83,327+67.0%

$64,173+116.9%

Participation rate

100.0%

72.0%+28.0pp

77.8%+22.2pp

69.6%+30.4pp

Annual return

35.64%

9.66%+26.0pp

10.64%+25.0pp

7.63%+28.0pp

Employer contribution / active EE

$9,610

$2,098+358.0%

$3,379+184.4%

$2,381+303.6%

Participant deferral / active EE

$4,656-100.0%

$5,565-100.0%

$3,470-100.0%

Admin fee / account holder

$10,879

$9,282+17.2%

$7,540+44.3%

$4,887+122.6%

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