Retirement plan

MARKETON, INC. 401(K) PLAN

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

MARKETON, INC.EIN 20-4055058Plan #001PY 2020

4205 BALDWIN AVENUE - EL MONTE, CA 91731626-618-1060marketon.comLinkedIn201-500 employees

Prospect flagsLow returnsLow participationLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$1.2M

-9.6% from 2019

Total participants

189

+12.5% from 2019

Average account balance

$30,269

+8.5% from 2019

Annual return

10.13%

-9.83 pp from 2019

Benchmarks

See 2,198 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,198 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.47M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

21.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$87K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$525

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

+12.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2924

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
MONARCH PLAN ADVISORS1 year Filed as: MONARCH CORPORATE ADVISORS, INC. Service code 27 40 W EASY STREET S-4 · SIMI VALLEY, CA 93065	Advisory (Plan)	$2,944
QBI, LLC1 year Service code 13 21031 VENTURA BLVD, 12TH FLOOR · WOODLAND HILLS, CA 91364	Contract Administrator	$2,161
INSURANCE OFFICE OF AMERICA1 year Service code 27 4915 W CYPRESS ST #100 · TAMPA, FL 33607	Advisory (Plan)	$2,102
MASSACHUSETTS MUTUAL LIFE INS. CO.4 years Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850	Recordkeeping	$2,067
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15	Recordkeeping	$1,665
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 · EIN 84-0467907	Recordkeeping Fees	$1,513

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$9K

$48 / participant

Contract admin$9K100.0%

% of EOY assets

0.736%

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: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,269

$54,573-44.5%

$90,951-66.7%

$73,488-58.8%

Participation rate

19.5%

61.2%-41.7pp

69.0%-49.6pp

70.7%-51.2pp

Annual return

10.13%

16.69%-6.6pp

134.60%-124.5pp

28.51%-18.4pp

Employer contribution / active EE

$131

$991-86.8%

$2,122-93.8%

$2,270-94.2%

Participant deferral / active EE

$295

$2,517-88.3%

$3,373-91.2%

$3,740-92.1%

Admin fee / account holder

$223

$521-57.3%

$5,959-96.3%

$513-56.6%

Provider

Service type

Compensation

MONARCH PLAN ADVISORS1 year

Filed as: MONARCH CORPORATE ADVISORS, INC.

Service code 27

40 W EASY STREET S-4 · SIMI VALLEY, CA 93065

Advisory (Plan)

$2,944

QBI, LLC1 year

Service code 13

21031 VENTURA BLVD, 12TH FLOOR · WOODLAND HILLS, CA 91364

Contract Administrator

$2,161

INSURANCE OFFICE OF AMERICA1 year

Service code 27

4915 W CYPRESS ST #100 · TAMPA, FL 33607

Advisory (Plan)

$2,102

MASSACHUSETTS MUTUAL LIFE INS. CO.4 years

Filed as: MASSMUTUAL LIFE INSURANCE CO.

Service code 15 · EIN 04-1590850

Recordkeeping

$2,067

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 15

Recordkeeping

$1,665

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 64 · EIN 84-0467907

Recordkeeping Fees

$1,513

MARKETON, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARKETON, INC. 401(K) 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