Retirement plan

MUELLER SERVICES, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: MUELLER SERVICES, INC. - MUELLER SERVICES, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2016) Form 5500
Creator: MUELLER SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MUELLER SERVICES, INC. 401(K) PROFIT SHARING PLAN AND TRUST, MUELLER SERVICES, INC.

MUELLER SERVICES, INC.EIN 16-1560000Plan #001PY 2016

63 MAIN STREET - TONAWANDA, NY 14150716-691-4344

Prospect flagsLow returnsLow participationLow assets / participantLow participant contributionLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$1.1M

+19.4% from 2015

Total participants

553

+1.5% from 2015

Average account balance

$8,073

+54.5% from 2015

Annual return

6.50%

+12.16 pp from 2015

Benchmarks

See 2,524 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,524 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.19M

Not enough data

1 years with asset history on file

Average account balance

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

$12K

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.

187

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.

13.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$327K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$301

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

+15.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$67

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

1 years with F_SCH_H allocation on file

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$10,794
PPS PENSION & FINANCIAL SERVICES2+ years Filed as: PPS PENSION AND FINANCIAL SERVICES Service code 13 8660 SHERIDAN DRIVE · WILLIAMSVILLE, NY 14221	Contract Administrator	$2,511
PPS PENSION & FINANCIAL SERVICES1 year Service code 15 · EIN 16-1062503	Recordkeeping	$120
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
JOSEPH W. MCCARTHY & ASSOCIATES2+ years Filed as: JOSEPH L DILEO Service code 53 300 COPORATE PKWY STE 216N · AMHERST, NY 14226	Insurance Commissions	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSCHUSETTS MUTUAL LIFE INSURANCE Service code 60	Sub-TA Fees	$0
ROBIN S. WEINGAST & ASSOCIATES, INC2+ years Filed as: ROBIN M TOMASULA Service code 53 8660 SHERIDAN DRIVE · WILLIAMSVILLE, NY 14221	Insurance Commissions	$0

Plan features & details

Pension benefit codes2E2G2J2T2F3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
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.
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

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$11K

$20 / participant

Investment mgmt$11K100.0%

% of EOY assets

0.984%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: SMOLEN BONGHI FLEICHMANN LLP
Auditor EIN: 472554597
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,073

$80,177-89.9%

$123,894-93.5%

$57,658-86.0%

Participation rate

22.2%

74.4%-52.2pp

81.4%-59.2pp

70.2%-48.0pp

Annual return

6.50%

17.90%-11.4pp

47.52%-41.0pp

5.13%+1.4pp

Employer contribution / active EE

$2,913-100.0%

$4,617-100.0%

$1,974-100.0%

Participant deferral / active EE

$368

$5,130-92.8%

$5,984-93.8%

$3,061-88.0%

Admin fee / account holder

$79

$106-25.3%

$8,357-99.0%

$95-16.0%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$10,794

PPS PENSION & FINANCIAL SERVICES2+ years

Filed as: PPS PENSION AND FINANCIAL SERVICES

Service code 13

8660 SHERIDAN DRIVE · WILLIAMSVILLE, NY 14221

Contract Administrator

$2,511

PPS PENSION & FINANCIAL SERVICES1 year

Service code 15 · EIN 16-1062503

Recordkeeping

$120

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Service code 27 · EIN 61-1732930

Advisory (Plan)

JOSEPH W. MCCARTHY & ASSOCIATES2+ years

Filed as: JOSEPH L DILEO

Service code 53

300 COPORATE PKWY STE 216N · AMHERST, NY 14226

Insurance Commissions

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSCHUSETTS MUTUAL LIFE INSURANCE

Service code 60

Sub-TA Fees

ROBIN S. WEINGAST & ASSOCIATES, INC2+ years

Filed as: ROBIN M TOMASULA

Service code 53

8660 SHERIDAN DRIVE · WILLIAMSVILLE, NY 14221

Insurance Commissions

MUELLER SERVICES, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MUELLER SERVICES, INC. 401(K) PROFIT SHARING PLAN AND TRUST

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