Retirement plan

NEST EGG 401(K) RETIREMENT SAVINGS PLAN

Name: M BAR C CONSTRUCTION, INC. - NEST EGG 401(K) RETIREMENT SAVINGS PLAN (2022) Form 5500
Creator: M BAR C CONSTRUCTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEST EGG 401(K) RETIREMENT SAVINGS PLAN, M BAR C CONSTRUCTION, INC.

M BAR C CONSTRUCTION, INC.EIN 20-3171392Plan #002PY 2022

1770 LA COSTA MEADOWS DRIVE - SAN MARCOS, CA 92078760-744-4131mbarconline.comLinkedIn51-200 employeesconstruction

Prospect flagsHigh retiree %Low participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.8M

-8.1% from 2021

Total participants

398

+62.4% from 2021

Average account balance

$37,025

-14.6% from 2021

Annual return

-15.15%

-33.13 pp from 2021

Benchmarks

See 3,002 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,002 peers

Snapshot2022

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$12.87M

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.

271

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.

81.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.64M

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

+13.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$129

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.

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
RESOURCES INVESTMENT ADVISORS LLC1 year Service code 27 11101 SWITZER RD STE 200 · OVERLAND PARK, KS 66210	Advisory (Plan)	$20,534
AMERICAN FUNDS1 year Filed as: CAPITAL GROUP RETIREMENT PLAN SERV Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$8,244
ASCENSUS LLC3 years Filed as: FUTUREPLAN BY ASCENSUS Service code 13 415 8TH AVE NE · BRAINERD, MN 56401	Contract Administrator	$2,850

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$28K

$213 / participant

Contract admin$28K100.0%

% of EOY assets

0.318%

all-in expense ratio

Categories reported

1 / 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: JGD & ASSOCIATES, LLP
Auditor EIN: 953132551
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,025

$64,119-42.3%

$112,228-67.0%

$66,914-44.7%

Participation rate

0.0%

68.5%-68.5pp

75.1%-75.1pp

69.8%-69.8pp

Annual return

-15.15%

-13.81%-1.3pp

27.45%-42.6pp

1.58%-16.7pp

Employer contribution / active EE

$4,669

$3,005+55.3%

$3,635+28.4%

$2,544+83.5%

Participant deferral / active EE

$5,163

$3,693+39.8%

$4,728+9.2%

$4,237+21.9%

Admin fee / account holder

$118

$625-81.2%

$6,410-98.2%

$593-80.2%

Provider

Service type

Compensation

RESOURCES INVESTMENT ADVISORS LLC1 year

Service code 27

11101 SWITZER RD STE 200 · OVERLAND PARK, KS 66210

Advisory (Plan)

$20,534

AMERICAN FUNDS1 year

Filed as: CAPITAL GROUP RETIREMENT PLAN SERV

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$8,244

ASCENSUS LLC3 years

Filed as: FUTUREPLAN BY ASCENSUS

Service code 13

415 8TH AVE NE · BRAINERD, MN 56401

Contract Administrator

$2,850

NEST EGG 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEST EGG 401(K) RETIREMENT SAVINGS 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