Retirement plan

MOODY'S CO-WORKER OWNED, INC. 401(K) PLAN

Name: MOODY'S CO-WORKER OWNED, INC. DBA MOODY'S COLLISION CENTERS - MOODY'S CO-WORKER OWNED, INC. 401(K) PLAN (2023) Form 5500
Creator: MOODY'S CO-WORKER OWNED, INC. DBA MOODY'S COLLISION CENTERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MOODY'S CO-WORKER OWNED, INC. 401(K) PLAN, MOODY'S CO-WORKER OWNED, INC. DBA MOODY'S COLLISION CENTERS

MOODY'S CO-WORKER OWNED, INC. DBA MOODY'S COLLISION CENTERSEIN 16-1645516Plan #002PY 2023

200 NARRAGANSETT STREET - GORHAM, ME 04038207-839-2500LinkedIn51-200 employeesindividual & family services

Other plans on this EIN

1 filing

#001Retirement-$32.6M assets

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$6.8M

+26.1% from 2022

Total participants

287

-3.7% from 2022

Average account balance

$23,960

+29.7% from 2022

Annual return

22.19%

+38.22 pp from 2022

Benchmarks

See 1,919 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,919 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$9.70M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

311

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.

92.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$793K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+17.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$213

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
VALMARK ADVISERS INC7 years Filed as: VALMARK ADVISERS, INC Service code 26 · EIN 31-1509466	Advisory (Participants)	$17,818
JOHN HANCOCK LIFE INSURANCE COMPANY7 years Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346	Recordkeeping	$4,110

Plan features & details

Pension benefit codes2E2F2G2J2T2K3D2S

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$51K

$226 / participant

Recordkeeping$31K61.3%
Investment mgmt$18K34.9%
Contract admin$2K3.9%

% of EOY assets

0.757%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BAKER NEWMAN NOYES
Auditor EIN: 010494526
Audit fees: (not subdivided)
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,960

$58,264-58.9%

$86,612-72.3%

$71,457-66.5%

Participation rate

97.8%

65.0%+32.8pp

71.7%+26.1pp

67.9%+29.9pp

Annual return

22.19%

21.63%+0.6pp

591.07%-568.9pp

28.85%-6.7pp

Employer contribution / active EE

$2,574-100.0%

$3,022-100.0%

$2,588-100.0%

Participant deferral / active EE

$2,638

$3,436-23.2%

$4,438-40.6%

$4,289-38.5%

Admin fee / account holder

$181

$1,057-82.9%

$5,614-96.8%

$1,587-88.6%

Provider

Service type

Compensation

VALMARK ADVISERS INC7 years

Filed as: VALMARK ADVISERS, INC

Service code 26 · EIN 31-1509466

Advisory (Participants)

$17,818

JOHN HANCOCK LIFE INSURANCE COMPANY7 years

Filed as: JOHN HANCOCK LIFE INSURANCE CO

Service code 15 · EIN 01-0233346

Recordkeeping

$4,110

MOODY'S CO-WORKER OWNED, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MOODY'S CO-WORKER OWNED, INC. 401(K) 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