Retirement plan

MEYER'S RV SUPERSTORE 401(K) PLAN

Name: M.D. MEYER'S PROPERTIES, LLC DBA MEYER'S RV SUPERSTORE - MEYER'S RV SUPERSTORE 401(K) PLAN (2019) Form 5500
Creator: M.D. MEYER'S PROPERTIES, LLC DBA MEYER'S RV SUPERSTORE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEYER'S RV SUPERSTORE 401(K) PLAN, M.D. MEYER'S PROPERTIES, LLC DBA MEYER'S RV SUPERSTORE

M.D. MEYER'S PROPERTIES, LLC DBA MEYER'S RV SUPERSTOREEIN 16-1596716Plan #001PY 2019

1000 SANDFORD ROAD, NORTH - CHURCHVILLE, NY 14428585-293-3000meyersrvsuperstores.comLinkedIn201-500 employeesrecreational facilities and services

Prospect flagsLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$5.2M

+44.9% from 2018

Total participants

406

+18.0% from 2018

Average account balance

$15,887

+34.6% from 2018

Annual return

27.81%

+10.74 pp from 2018

Benchmarks

See 1,312 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,312 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.04M

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

473

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.

55.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$987K

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

+14.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$160

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

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 codes2J2K3D

Plan features

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

2 tripped

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).

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: BONADIO & CO., LLP
Auditor EIN: 161131146
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,887

$40,174-60.5%

$84,021-81.1%

$67,579-76.5%

Participation rate

73.3%

62.7%+10.7pp

69.0%+4.3pp

71.3%+2.1pp

Annual return

27.81%

25.82%+2.0pp

71.32%-43.5pp

378.56%-350.8pp

Employer contribution / active EE

$808-100.0%

$1,984-100.0%

$2,148-100.0%

Participant deferral / active EE

$2,665

$2,301+15.8%

$3,239-17.7%

$3,539-24.7%

Admin fee / account holder

$128-100.0%

$6,102-100.0%

$142-100.0%

MEYER'S RV SUPERSTORE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

MEYER'S RV SUPERSTORE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion