Retirement plan

MERENDINO CONTRACTING, INC. RETIREMENT PLAN

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

MERENDINO CONTRACTING, INC.EIN 22-3138161Plan #001PY 2023

1048 W. BLANCKE ST. - LINDEN, NJ 07036800-568-3688LinkedIn1-10 employeesutilities

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$1M

+43.8% from 2022

Total participants

121

-18.2% from 2022

Average account balance

$8,651

+77.3% from 2022

Annual return

17.07%

+37.35 pp from 2022

Benchmarks

See 5,246 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants25-99

Cohort5,246 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.30M

Not enough data

1 years with asset history on file

Average account balance

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

$12K

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.

107

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

$226K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$178

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 3 by compensation

Provider	Service type	Compensation
EPIC RETIREMENT PLAN SERVICES5+ years Service code 15 · EIN 16-1450952	Recordkeeping	$9,885
BEACON POINTE ADVISORS LLC3 years Filed as: BEACON WEALTH CONSULTANTS, INC. Service code 27 · EIN 20-3733238	Advisory (Plan)	$9,677
CHARLES SCHWAB & CO., INC.5+ years Service code 59 · EIN 94-1737782	Shareholder Servicing	$0

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).

Expense breakdown

Schedule H Part II

Admin total

$19K

$511 / participant

Recordkeeping$10K50.1%
Investment mgmt$10K49.9%

% of EOY assets

1.870%

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: WISS & COMPANY, LLP
Auditor EIN: 221732349
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,651

$49,896-82.7%

$80,627-89.3%

$75,173-88.5%

Participation rate

97.4%

55.3%+42.0pp

67.0%+30.4pp

67.2%+30.2pp

Annual return

17.07%

34.67%-17.6pp

936.76%-919.7pp

160.72%-143.6pp

Employer contribution / active EE

$3,619

$1,699+113.0%

$2,723+32.9%

$2,671+35.5%

Participant deferral / active EE

$2,313

$2,992-22.7%

$4,443-47.9%

$4,126-43.9%

Admin fee / account holder

$162

$3,578-95.5%

$5,381-97.0%

$5,651-97.1%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES5+ years

Service code 15 · EIN 16-1450952

Recordkeeping

$9,885

BEACON POINTE ADVISORS LLC3 years

Filed as: BEACON WEALTH CONSULTANTS, INC.

Service code 27 · EIN 20-3733238

Advisory (Plan)

$9,677

CHARLES SCHWAB & CO., INC.5+ years

Service code 59 · EIN 94-1737782

Shareholder Servicing

MERENDINO CONTRACTING, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MERENDINO CONTRACTING, INC. RETIREMENT 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