Retirement plan

MEC SELF EMPLOYED 401(K) PLAN

Name: JEH ACQUISITIONS CO. DBA MAJOR EQUIPMENT CO. - MEC SELF EMPLOYED 401(K) PLAN (2021) Form 5500
Creator: JEH ACQUISITIONS CO. DBA MAJOR EQUIPMENT CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEC SELF EMPLOYED 401(K) PLAN, JEH ACQUISITIONS CO. DBA MAJOR EQUIPMENT CO.

JEH ACQUISITIONS CO. DBA MAJOR EQUIPMENT CO.EIN 20-5664403Plan #001PY 2021

3782 FRONDORF - CINCINNATI, OH 45211513-936-8860

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$446K

No prior year

Total participants

No prior year

Average account balance

$222,883

No prior year

Annual return

223.78%

No prior year

Benchmarks

See 22,593 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,593 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$252K

Not enough data

1 years with asset history on file

Average account balance

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

$252K

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.

33.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$29K

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

+3.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$200000

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 codes2E2J2R3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

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

$222,883

$176,838+26.0%

$146,685+51.9%

$167,518+33.1%

Participation rate

66.7%

83.6%-17.0pp

80.1%-13.4pp

82.1%-15.4pp

Annual return

223.78%

24.04%+199.7pp

22.75%+201.0pp

478.71%-254.9pp

Employer contribution / active EE

$7,667

$5,161+48.5%

$4,137+85.3%

$4,838+58.5%

Participant deferral / active EE

$7,667

$6,441+19.0%

$5,507+39.2%

$6,342+20.9%

Admin fee / account holder

$13,262-100.0%

$10,281-100.0%

$12,312-100.0%

MEC SELF EMPLOYED 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

MEC SELF EMPLOYED 401(K) 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