Retirement plan

MARK JOSEPH CONTRACTING INC. 401(K) PLAN

Name: MARK JOSEPH CONTRACTING INC. 401(K) PLAN - MARK JOSEPH CONTRACTING INC. 401(K) PLAN (2023) Form 5500
Creator: MARK JOSEPH CONTRACTING INC. 401(K) PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARK JOSEPH CONTRACTING INC. 401(K) PLAN, MARK JOSEPH CONTRACTING INC. 401(K) PLAN

MARK JOSEPH CONTRACTING INC. 401(K) PLANEIN 20-8204567Plan #001PY 2023

15 CHISWELL DRIVE - MELVILLE, NY 11747631-872-0048markjosephcontracting.comLinkedIn11-50 employeesconstruction

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$179K

+25.4% from 2022

Total participants

0.0% from 2022

Average account balance

$89,295

+25.4% from 2022

Annual return

12.92%

+20.11 pp from 2022

Benchmarks

See 51,572 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort51,572 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$274K

Not enough data

1 years with asset history on file

Average account balance

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

$137K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$28K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+9.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2J3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

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

$89,295

$106,247-16.0%

$96,515-7.5%

$139,466-36.0%

Participation rate

100.0%

77.8%+22.2pp

74.3%+25.7pp

80.3%+19.7pp

Annual return

12.92%

38.47%-25.6pp

35.73%-22.8pp

373.66%-360.7pp

Employer contribution / active EE

$2,613

$4,106-36.4%

$3,740-30.1%

$4,754-45.0%

Participant deferral / active EE

$6,300

$5,456+15.5%

$4,880+29.1%

$6,712-6.1%

Admin fee / account holder

$7,885-100.0%

$6,735-100.0%

$11,409-100.0%

MARK JOSEPH CONTRACTING INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

MARK JOSEPH CONTRACTING INC. 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