Retirement plan

MMG OF CLIFTON PARK INCORPORATED 401(K) PROFIT SHARING PLAN AND TRUST

Name: MMG OF CLIFTON PARK INCORPORATED - MMG OF CLIFTON PARK INCORPORATED 401(K) PROFIT SHARING PLAN AND TRUST (2023) Form 5500
Creator: MMG OF CLIFTON PARK INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MMG OF CLIFTON PARK INCORPORATED 401(K) PROFIT SHARING PLAN AND TRUST, MMG OF CLIFTON PARK INCORPORATED

MMG OF CLIFTON PARK INCORPORATEDEIN 20-0211476Plan #001PY 2023

3 LEAR JET DRIVE, SUITE 100 - LATHAM, NY 121102314518-218-1105

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$299K

+22.8% from 2022

Total participants

+17.5% from 2022

Average account balance

$74,738

+22.8% from 2022

Annual return

17.17%

+40.38 pp from 2022

Benchmarks

See 6,168 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants25-99

Cohort6,168 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$359K

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

7.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$28K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$325

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

+10.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$223

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 codes2E2F2G2J2T3D

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$11K

$231 / participant

Other / not subdivided$11K100.0%

% of EOY assets

3.626%

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

$74,738

$27,943+167.5%

$58,507+27.7%

$75,177-0.6%

Participation rate

8.5%

38.8%-30.3pp

50.9%-42.4pp

67.2%-58.7pp

Annual return

17.17%

44.22%-27.1pp

4252.32%-4235.2pp

160.75%-143.6pp

Employer contribution / active EE

$670-100.0%

$1,053-100.0%

$2,671-100.0%

Participant deferral / active EE

$494

$1,202-58.9%

$1,922-74.3%

$4,126-88.0%

Admin fee / account holder

$2,710

$1,727+56.9%

$2,486+9.0%

$5,651-52.1%

MMG OF CLIFTON PARK INCORPORATED 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MMG OF CLIFTON PARK INCORPORATED 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