Retirement plan

MATRIX NEW WORLD ENGINEERING, LAND SURVEYING AND LANDSCAPE ARCHITECTURE, P.C. 401K PLAN

Name: MATRIX NEW WORLD ENGINEERING, LAND SURVEYING, AND LANDSCAPE ARCHITECTU - MATRIX NEW WORLD ENGINEERING, LAND SURVEYING AND LANDSCAPE ARCHITECTURE, P.C. 401K PLAN (2023) Form 5500
Creator: MATRIX NEW WORLD ENGINEERING, LAND SURVEYING, AND LANDSCAPE ARCHITECTU
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MATRIX NEW WORLD ENGINEERING, LAND SURVEYING AND LANDSCAPE ARCHITECTURE, P.C. 401K PLAN, MATRIX NEW WORLD ENGINEERING, LAND SURVEYING, AND LANDSCAPE ARCHITECTU

MATRIX NEW WORLD ENGINEERING, LAND SURVEYING, AND LANDSCAPE ARCHITECTUEIN 22-3057511Plan #001PY 2023

26 COLUMBIA TURNPIKE - FLORHAM PARK, NJ 07932973-240-1800LinkedIn51-200 employeesmechanical or industrial engineering

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$27M

+20.0% from 2022

Total participants

229

-3.8% from 2022

Average account balance

$117,771

+21.6% from 2022

Annual return

17.47%

+33.67 pp from 2022

Benchmarks

See 6,231 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,231 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.93M

Not enough data

1 years with asset history on file

Average account balance

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

$110K

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.

235

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

$2.43M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+14.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$486

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
JW COLE ADVISORS INC3 years Filed as: JW COLE ADVISORS INC. Service code 27 · EIN 59-3680571 4301 ANCHOR PLZ PKY S450 · TAMPA, FL 33634	Advisory (Plan)	$28,000
MMA SECURITIES LLC1 year Service code 27 PO BOX 9497 · NEW YORK, NY 10087	Advisory (Plan)	$24,579
AMERICAN FUNDS4 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERV Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$23,443
ESSEX RETIREMENT SERVICES LLC4 years Service code 13 · EIN 83-3379823 28 BLOOMFIELD AVE · PINE BROOK, NJ 07058	Contract Administrator	$18,943

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D3H

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$92K

$574 / participant

Recordkeeping$23K25.5%
Investment mgmt$49K53.9%
Contract admin$19K20.6%

% of EOY assets

0.341%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN, LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$117,771

$91,439+28.8%

$135,974-13.4%

$71,511+64.7%

Participation rate

100.0%

75.7%+24.3pp

81.9%+18.1pp

67.9%+32.1pp

Annual return

17.47%

29.90%-12.4pp

68.30%-50.8pp

28.86%-11.4pp

Employer contribution / active EE

$4,816

$3,705+30.0%

$4,859-0.9%

$2,589+86.0%

Participant deferral / active EE

$10,841

$7,093+52.8%

$7,760+39.7%

$4,291+152.7%

Admin fee / account holder

$401

$1,267-68.3%

$10,767-96.3%

$1,588-74.8%

Provider

Service type

Compensation

JW COLE ADVISORS INC3 years

Filed as: JW COLE ADVISORS INC.

Service code 27 · EIN 59-3680571

4301 ANCHOR PLZ PKY S450 · TAMPA, FL 33634

Advisory (Plan)

$28,000

MMA SECURITIES LLC1 year

Service code 27

PO BOX 9497 · NEW YORK, NY 10087

Advisory (Plan)

$24,579

AMERICAN FUNDS4 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SERV

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$23,443

ESSEX RETIREMENT SERVICES LLC4 years

Service code 13 · EIN 83-3379823

28 BLOOMFIELD AVE · PINE BROOK, NJ 07058

Contract Administrator

$18,943

MATRIX NEW WORLD ENGINEERING, LAND SURVEYING AND LANDSCAPE ARCHITECTURE, P.C. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MATRIX NEW WORLD ENGINEERING, LAND SURVEYING AND LANDSCAPE ARCHITECTURE, P.C. 401K 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