Retirement plan

MAKSON, INC. 401K PLAN

Name: MAKSON, INC. - MAKSON, INC. 401K PLAN (2020) Form 5500
Creator: MAKSON, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAKSON, INC. 401K PLAN, MAKSON, INC.

MAKSON, INC.EIN 20-1118409Plan #001PY 2020

434 CALHOUN ST - SALISBURY, NC 28145336-279-2516LinkedIn1-10 employeesconstruction

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$3.2M

+27.2% from 2019

Total participants

149

-10.8% from 2019

Average account balance

$41,660

+25.5% from 2019

Annual return

15.10%

-9.58 pp from 2019

Benchmarks

See 1,687 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,687 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.94M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

107

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.

84.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$613K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+16.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5638

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

Top 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: GREAT WEST LIFE AND ANNUITY INS CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$30,325
GATE CITY ADMINISTRATION LLC3 years Service code 13 328 E MARKET ST · GREENSBORO, NC 27401	Contract Administrator	$11,466
KESTRA INVESTMENT SERVICES LLC3 years Service code 55	Other Commissions	$9,089
KESTRA INVESTMENT SERVICES LLC3 years Filed as: KESTRA INVESTMENT SERVICES Service code 55 5707 SW PKWY BLDG 2 STE 400 · AUSTIN, TX 78735	Other Commissions	$0

Plan features & details

Pension benefit codes3D2E2F2G2J2K

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.
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

$42K

$317 / participant

Contract admin$42K100.0%

% of EOY assets

1.313%

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: BERNARD ROBINSON & COMPANY, LLP
Auditor EIN: 560571159
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,660

$66,124-37.0%

$90,461-53.9%

$73,497-43.3%

Participation rate

44.3%

69.7%-25.4pp

72.7%-28.4pp

70.7%-26.4pp

Annual return

15.10%

17.65%-2.6pp

1294.76%-1279.7pp

28.51%-13.4pp

Employer contribution / active EE

$1,240

$2,346-47.2%

$3,264-62.0%

$2,270-45.4%

Participant deferral / active EE

$2,427

$3,039-20.1%

$3,964-38.8%

$3,740-35.1%

Admin fee / account holder

$547

$396+38.0%

$5,617-90.3%

$513+6.6%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: GREAT WEST LIFE AND ANNUITY INS CO

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$30,325

GATE CITY ADMINISTRATION LLC3 years

Service code 13

328 E MARKET ST · GREENSBORO, NC 27401

Contract Administrator

$11,466

KESTRA INVESTMENT SERVICES LLC3 years

Service code 55

Other Commissions

$9,089

KESTRA INVESTMENT SERVICES LLC3 years

Filed as: KESTRA INVESTMENT SERVICES

Service code 55

5707 SW PKWY BLDG 2 STE 400 · AUSTIN, TX 78735

Other Commissions

MAKSON, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAKSON, INC. 401K 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