Retirement plan

THE MASY GROUP, LLC 401(K) PROFIT SHARING PLAN

Name: THE MASY GROUP, LLC - THE MASY GROUP, LLC 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: THE MASY GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE MASY GROUP, LLC 401(K) PROFIT SHARING PLAN, THE MASY GROUP, LLC

THE MASY GROUP, LLCEIN 20-3193871Plan #001PY 2020

3330 WASHINGTON BOULEVARD SUITE 500 - ARLINGTON, VA 22201703-888-8121

Prospect flagsHigh feesLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$4.4M

+33.9% from 2019

Total participants

137

+19.1% from 2019

Average account balance

$51,465

+21.4% from 2019

Annual return

19.41%

-3.41 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

$7.03M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

102.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$780K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+12.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12704

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 3 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS3 years Filed as: THE CAPITAL GROUP INVESTMENT ADVISO Service code 27 6720-B ROCKLEDGE DRIVE · BETEHESDA, MD 20817	Advisory (Plan)	$18,502
BRINKER CAPITAL3 years Filed as: BRINKER CAPITAL, INC. Service code 15 1055 WESTLAKES DRIVE · BERWYN, PA 19312	Recordkeeping	$6,025
PROFESSIONAL CAPITAL SERVICES, LLC3 years Service code 12 · EIN 23-3038464	Recordkeeping fees; Recordkeeping and...	$5,594

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3B3D

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$35K

$346 / participant

Investment mgmt$25K70.2%
Contract admin$6K16.0%
Other / not subdivided$5K13.8%

% of EOY assets

0.790%

all-in expense ratio

Categories reported

2 / 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: BAKER TILLY US, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,465

$66,124-22.2%

$90,430-43.1%

$73,493-30.0%

Participation rate

49.5%

69.7%-20.2pp

72.7%-23.2pp

70.7%-21.2pp

Annual return

19.41%

17.65%+1.8pp

1293.73%-1274.3pp

28.51%-9.1pp

Employer contribution / active EE

$2,763

$2,346+17.8%

$3,262-15.3%

$2,270+21.7%

Participant deferral / active EE

$5,196

$3,039+71.0%

$3,963+31.1%

$3,740+38.9%

Admin fee / account holder

$406

$396+2.6%

$5,613-92.8%

$513-20.8%

Provider

Service type

Compensation

AMERICAN FUNDS3 years

Filed as: THE CAPITAL GROUP INVESTMENT ADVISO

Service code 27

6720-B ROCKLEDGE DRIVE · BETEHESDA, MD 20817

Advisory (Plan)

$18,502

BRINKER CAPITAL3 years

Filed as: BRINKER CAPITAL, INC.

Service code 15

1055 WESTLAKES DRIVE · BERWYN, PA 19312

Recordkeeping

$6,025

PROFESSIONAL CAPITAL SERVICES, LLC3 years

Service code 12 · EIN 23-3038464

Recordkeeping fees; Recordkeeping and...

$5,594

THE MASY GROUP, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE MASY GROUP, LLC 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