Retirement plan

MIAMI NATION ENTERPRISES 401(K) PROFIT SHARING PLAN

Name: MIAMI NATION ENTERPRISES - MIAMI NATION ENTERPRISES 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: MIAMI NATION ENTERPRISES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIAMI NATION ENTERPRISES 401(K) PROFIT SHARING PLAN, MIAMI NATION ENTERPRISES

MIAMI NATION ENTERPRISESEIN 20-3030737Plan #001PY 2022

3531 P STREET NW - MIAMI, OK 74354918-541-2110LinkedIn1001-5000 employeesmanagement consulting

Prospect flagsLow participationLow assets / participantLow employer contributionLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$6M

+3.0% from 2021

Total participants

713

+17.7% from 2021

Average account balance

$17,924

-18.4% from 2021

Annual return

-11.80%

-49.58 pp from 2021

Benchmarks

See 251 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants250-999

Cohort251 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.44M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

323

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.

46.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$164

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
BEASLEY & COMPANY7 years Service code 13 · EIN 73-1412334 2626 EAST 21ST STREET SUITE 1 · TULSA, OK 74114	Contract Administrator	$18,616
AMERICAN FUNDS4 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERV Service code 62 · EIN 82-4555287 6455 IRVINE CENTER DRIVE · IRVINE, CA 82618	Float revenue; Recordkeeping fees	$6,503
AMERICAN FUNDS7 years Filed as: CAPITAL BANK & TRUST Service code 18 · EIN 95-6817943 P.O. BOX 6040 · INDIANAPOLIS, IN 46206	Float revenue; Custodial (other than ...	$0
CAPTIAL BANK AND TRUST4 years Filed as: CAPTIAL RESEARCH AND MANAGEMENT Service code 15 · EIN 95-1411037 333 S. HOPE STREET · LOS ANGELES, CA 90071	Recordkeeping	$0
SHERIDAN ROAD ADVISORS LLC2 years Filed as: HUB INTERNATIONAL MID-AMERICA Service code 26 6100 S. YALE AVENUE, SUITE 1900 · TULSA, OK 74136	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H2A2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant 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

$28K

$46 / participant

Other / not subdivided$28K100.0%

% of EOY assets

0.465%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: OBER & LITTLEFIELD, CPA'S, PLLC
Auditor EIN: 474648903
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,924

$74,188-75.8%

$115,756-84.5%

$64,814-72.3%

Participation rate

36.8%

76.2%-39.4pp

77.1%-40.3pp

71.5%-34.7pp

Annual return

-11.80%

-11.81%0pp

143.14%-154.9pp

32.84%-44.6pp

Employer contribution / active EE

$888

$3,365-73.6%

$3,793-76.6%

$2,507-64.6%

Participant deferral / active EE

$1,433

$5,294-72.9%

$6,254-77.1%

$4,310-66.8%

Admin fee / account holder

$83

$148-43.8%

$8,124-99.0%

$188-55.6%

Provider

Service type

Compensation

BEASLEY & COMPANY7 years

Service code 13 · EIN 73-1412334

2626 EAST 21ST STREET SUITE 1 · TULSA, OK 74114

Contract Administrator

$18,616

AMERICAN FUNDS4 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SERV

Service code 62 · EIN 82-4555287

6455 IRVINE CENTER DRIVE · IRVINE, CA 82618

Float revenue; Recordkeeping fees

$6,503

AMERICAN FUNDS7 years

Filed as: CAPITAL BANK & TRUST

Service code 18 · EIN 95-6817943

P.O. BOX 6040 · INDIANAPOLIS, IN 46206

Float revenue; Custodial (other than ...

CAPTIAL BANK AND TRUST4 years

Filed as: CAPTIAL RESEARCH AND MANAGEMENT

Service code 15 · EIN 95-1411037

333 S. HOPE STREET · LOS ANGELES, CA 90071

Recordkeeping

SHERIDAN ROAD ADVISORS LLC2 years

Filed as: HUB INTERNATIONAL MID-AMERICA

Service code 26

6100 S. YALE AVENUE, SUITE 1900 · TULSA, OK 74136

Advisory (Participants)

MIAMI NATION ENTERPRISES 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIAMI NATION ENTERPRISES 401(K) PROFIT SHARING 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