Retirement plan

MARK VII EQUIPMENT INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: MARK VII EQUIPMENT INC. - MARK VII EQUIPMENT INC. 401(K) PROFIT SHARING PLAN AND TRUST (2020) Form 5500
Creator: MARK VII EQUIPMENT INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARK VII EQUIPMENT INC. 401(K) PROFIT SHARING PLAN AND TRUST, MARK VII EQUIPMENT INC.

MARK VII EQUIPMENT INC.EIN 20-4119372Plan #001PY 2020

5981 TENNYSON STREET - ARVADA, CO 80003303-432-4401

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$8.2M

+23.2% from 2019

Total participants

264

-2.2% from 2019

Average account balance

$33,144

+27.6% from 2019

Annual return

12.76%

-5.36 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$9.25M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

263

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.

94.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.12M

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

+9.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$290

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
GREAT-WEST LIFE & ANNUITY INSURANCE4 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$52,643
GOLDLEAF PARTNERS2 years Filed as: GOLDLEAF PARTNERS EMPLOYER SERVICES Service code 13 PO BOX 55757 · BOSTON, MA 02205	Contract Administrator	$16,593
MORGAN STANLEY SMITH BARNEY4 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 55 1 NEW YORK PLAZA 12TH FLOOR · NEW YORK, NY 10004	Other Commissions	$11,422
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORHCARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$3,811
MORGAN STANLEY SMITH BARNEY4 years Filed as: MORGAN STANLEY INSURANCE SERVICES I Service code 55 1 NEW YORK PLAZA 12TH FLOOR · NEW YORK, NY 10004	Other Commissions	$442

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D2S

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$71K

$330 / participant

Contract admin$71K100.0%

% of EOY assets

0.866%

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: BROCK AND COMPANY, CPAS, P.C.
Auditor EIN: 840930288
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,144

$73,638-55.0%

$95,952-65.5%

$73,488-54.9%

Participation rate

92.6%

76.2%+16.4pp

77.1%+15.5pp

70.7%+21.9pp

Annual return

12.76%

16.78%-4.0pp

91.61%-78.9pp

28.51%-15.8pp

Employer contribution / active EE

$1,361

$1,863-26.9%

$2,541-46.4%

$2,270-40.0%

Participant deferral / active EE

$3,450

$3,617-4.6%

$4,167-17.2%

$3,740-7.7%

Admin fee / account holder

$287

$482-40.5%

$6,795-95.8%

$513-44.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE4 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$52,643

GOLDLEAF PARTNERS2 years

Filed as: GOLDLEAF PARTNERS EMPLOYER SERVICES

Service code 13

PO BOX 55757 · BOSTON, MA 02205

Contract Administrator

$16,593

MORGAN STANLEY SMITH BARNEY4 years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 55

1 NEW YORK PLAZA 12TH FLOOR · NEW YORK, NY 10004

Other Commissions

$11,422

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORHCARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$3,811

MORGAN STANLEY SMITH BARNEY4 years

Filed as: MORGAN STANLEY INSURANCE SERVICES I

Service code 55

1 NEW YORK PLAZA 12TH FLOOR · NEW YORK, NY 10004

Other Commissions

$442

MARK VII EQUIPMENT INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARK VII EQUIPMENT INC. 401(K) PROFIT SHARING PLAN AND TRUST

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