Retirement plan

MY-T ACRES, INC. EMPLOYEE PROFIT SHARING PENSION PLAN

Name: MY-T ACRES, INC. - MY-T ACRES, INC. EMPLOYEE PROFIT SHARING PENSION PLAN (2024) Form 5500
Creator: MY-T ACRES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MY-T ACRES, INC. EMPLOYEE PROFIT SHARING PENSION PLAN, MY-T ACRES, INC.

MY-T ACRES, INC.EIN 16-0832721Plan #001PY 2024

8127 LEWISTON RD - BATAVIA, NY 140201268585-343-1026LinkedIn11-50 employees

Prospect flagsLow returnsHigh feesHigh assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$14.2M

+7.0% from 2023

Total participants

-19.6% from 2023

Average account balance

$384,719

+33.1% from 2023

Annual return

8.32%

-1.79 pp from 2023

Benchmarks

See 2,340 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants25-99

Cohort2,340 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.23M

Not enough data

1 years with asset history on file

Average account balance

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

$385K

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.

132.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$341K

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

+8.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14968

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 codes2E3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

4 tripped

OpportunityLow participant contribution
Participant 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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$554K

$19780 / participant

Other / not subdivided$554K100.0%

% of EOY assets

3.891%

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

$384,719

$68,852+458.8%

$120,524+219.2%

$80,925+375.4%

Participation rate

100.0%

61.6%+38.4pp

71.9%+28.1pp

67.7%+32.3pp

Annual return

8.32%

23.67%-15.3pp

107.36%-99.0pp

35.65%-27.3pp

Employer contribution / active EE

$12,193

$2,063+491.0%

$3,469+251.5%

$2,756+342.4%

Participant deferral / active EE

$3,187-100.0%

$4,994-100.0%

$4,299-100.0%

Admin fee / account holder

$14,968

$5,781+158.9%

$9,440+58.6%

$6,940+115.7%

MY-T ACRES, INC. EMPLOYEE PROFIT SHARING PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MY-T ACRES, INC. EMPLOYEE PROFIT SHARING PENSION 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