Retirement plan

MAGGIORE CONSTRUCTION CORPORATION 401(K) PROFIT SHARING PLAN

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

MAGGIORE CONSTRUCTION CORPORATIONEIN 20-5395364Plan #001PY 2020

13 WHEELING AVENUE - WOBURN, MA 01801781-935-6100

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$2.1M

+38.6% from 2019

Total participants

+13.6% from 2019

Average account balance

$102,076

+18.8% from 2019

Annual return

19.43%

+19.43 pp from 2019

Benchmarks

See 42,037 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort42,037 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.73M

Not enough data

1 years with asset history on file

Average account balance

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

$139K

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.

125.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$494K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+17.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15967

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$102,076

$115,810-11.9%

$101,271+0.8%

$158,966-35.8%

Participation rate

81.8%

79.4%+2.5pp

75.8%+6.0pp

82.0%-0.1pp

Annual return

19.43%

56.15%-36.7pp

46.48%-27.1pp

302.95%-283.5pp

Employer contribution / active EE

$3,111

$4,175-25.5%

$3,660-15.0%

$4,762-34.7%

Participant deferral / active EE

$10,345

$4,958+108.7%

$4,371+136.7%

$5,983+72.9%

Admin fee / account holder

$7,248-100.0%

$5,948-100.0%

$11,250-100.0%

MAGGIORE CONSTRUCTION CORPORATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

MAGGIORE CONSTRUCTION CORPORATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion