Retirement plan

MULTI DRYWALL & PARTITION LLC 401(K) PROFIT SHARING PLAN & T

Name: MULTI DRYWALL & PARTITION LLC - MULTI DRYWALL & PARTITION LLC 401(K) PROFIT SHARING PLAN & T (2022) Form 5500
Creator: MULTI DRYWALL & PARTITION LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MULTI DRYWALL & PARTITION LLC 401(K) PROFIT SHARING PLAN & T, MULTI DRYWALL & PARTITION LLC

MULTI DRYWALL & PARTITION LLCEIN 20-0440225Plan #001PY 2022

P.O. BOX 1222 - WALLED LAKE, MI 48390248-361-5823multidrywall.comLinkedIn51-200 employeesconstruction

Prospect flagsLow returnsLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$2.5M

+32.9% from 2020

Total participants

142

+23.5% from 2020

Average account balance

$17,312

+0.1% from 2020

Annual return

-19.51%

-34.26 pp from 2020

Benchmarks

See 17,340 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort17,340 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.79M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

218

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.

92.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$993K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+20.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$57

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

Top 2 by compensation

Provider	Service type	Compensation
NATIONWIDE3 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$24,820
WEINLANDER FITZHUGH, P.C.1 year Filed as: WEINLANDER FITZHUGH Service code 10 601 BEECH ST. · CLAIRE, MI 48617	Accounting	$10,300

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
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

3 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$36K

$392 / participant

Contract admin$26K71.8%
Other / not subdivided$10K28.2%

% of EOY assets

1.483%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WEILANDER FITZHUGH
Auditor EIN: 382272300
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,312

$64,729-73.3%

$112,263-84.6%

$68,490-74.7%

Participation rate

100.0%

67.2%+32.8pp

75.1%+24.9pp

67.9%+32.1pp

Annual return

-19.51%

-11.40%-8.1pp

27.49%-47.0pp

-7.85%-11.7pp

Employer contribution / active EE

$1,864

$2,746-32.1%

$3,636-48.7%

$2,597-28.2%

Participant deferral / active EE

$4,222

$3,566+18.4%

$4,729-10.7%

$4,028+4.8%

Admin fee / account holder

$257

$5,222-95.1%

$6,410-96.0%

$5,403-95.2%

Provider

Service type

Compensation

NATIONWIDE3 years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$24,820

WEINLANDER FITZHUGH, P.C.1 year

Filed as: WEINLANDER FITZHUGH

Service code 10

601 BEECH ST. · CLAIRE, MI 48617

Accounting

$10,300

MULTI DRYWALL & PARTITION LLC 401(K) PROFIT SHARING PLAN & T

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MULTI DRYWALL & PARTITION LLC 401(K) PROFIT SHARING PLAN & T

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