Retirement plan

PENNINGTON QUALITY MARKET 401(K) PLAN

Name: MARY-LAWRENCE CORP. - PENNINGTON QUALITY MARKET 401(K) PLAN (2022) Form 5500
Creator: MARY-LAWRENCE CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENNINGTON QUALITY MARKET 401(K) PLAN, MARY-LAWRENCE CORP.

MARY-LAWRENCE CORP.EIN 22-2369160Plan #002PY 2022

25 ROUTE 31 SOUTH, SUITE X - PENNINGTON, NJ 08534609-737-0058

Prospect flagsHigh retiree %High fees

How to read this page

Total assets (EOY)

$10.3M

-24.1% from 2021

Total participants

101

-7.3% from 2021

Average account balance

$106,352

-17.8% from 2021

Annual return

-14.74%

-28.89 pp from 2021

Benchmarks

See 9,444 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,444 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.34M

Not enough data

1 years with asset history on file

Average account balance

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

$126K

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.

113.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$220K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11477

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 4 by compensation

Provider	Service type	Compensation
NATIONWIDE8+ years Service code 19 · EIN 31-1592130 ONE NATIONWIDE PLAZA · COLOMBUS, OH 43215	Securities Custodian	$67,253
SECURITIES AMERICA INC3 years Filed as: SECURITIES AMERICA, INC Service code 27	Advisory (Plan)	$36,224
FRANKEL LERNER & O'CONNOR8+ years Service code 13 · EIN 23-2121805 1600 HORIZON DRIVE · CHALFONT, PA 189144100	Contract Administrator	$25,075
KREISCHER MILLER8+ years Service code 10 · EIN 23-1980475 100 WITMER ROAD · HORSHAM, PA 190442369	Accounting	$10,250

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$103K

$1445 / participant

Investment mgmt$68K66.5%
Contract admin$1K1.2%
Other / not subdivided$33K32.3%

% of EOY assets

0.994%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KREISCHER MILLER
Auditor EIN: 231980475
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$106,352

$59,819+77.8%

$79,583+33.6%

$68,490+55.3%

Participation rate

94.4%

61.1%+33.3pp

69.5%+24.9pp

67.9%+26.5pp

Annual return

-14.74%

-12.30%-2.4pp

0.16%-14.9pp

-7.85%-6.9pp

Employer contribution / active EE

$954

$1,505-36.6%

$2,414-60.5%

$2,597-63.2%

Participant deferral / active EE

$2,117

$3,025-30.0%

$3,986-46.9%

$4,028-47.5%

Admin fee / account holder

$1,058

$4,835-78.1%

$6,835-84.5%

$5,403-80.4%

Provider

Service type

Compensation

NATIONWIDE8+ years

Service code 19 · EIN 31-1592130

ONE NATIONWIDE PLAZA · COLOMBUS, OH 43215

Securities Custodian

$67,253

SECURITIES AMERICA INC3 years

Filed as: SECURITIES AMERICA, INC

Service code 27

Advisory (Plan)

$36,224

FRANKEL LERNER & O'CONNOR8+ years

Service code 13 · EIN 23-2121805

1600 HORIZON DRIVE · CHALFONT, PA 189144100

Contract Administrator

$25,075

KREISCHER MILLER8+ years

Service code 10 · EIN 23-1980475

100 WITMER ROAD · HORSHAM, PA 190442369

Accounting

$10,250

PENNINGTON QUALITY MARKET 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PENNINGTON QUALITY MARKET 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