Retirement plan

MAXENTRIC TECHNOLOGIES 401(K) RETIREMENT PLAN

Name: MAXENTRIC TECHOLOGIES, LLC - MAXENTRIC TECHNOLOGIES 401(K) RETIREMENT PLAN (2017) Form 5500
Creator: MAXENTRIC TECHOLOGIES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAXENTRIC TECHNOLOGIES 401(K) RETIREMENT PLAN, MAXENTRIC TECHOLOGIES, LLC

MAXENTRIC TECHOLOGIES, LLCEIN 22-3832509Plan #001PY 2017

2071 LEMOINE AVENUE, SUITE 302 - FORT LEE, NJ 07024201-242-9800maxentric.comLinkedIn51-200 employeeswireless

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.7M

+30.2% from 2016

Total participants

+8.7% from 2016

Average account balance

$66,883

+19.8% from 2016

Annual return

19.32%

+13.15 pp from 2016

Benchmarks

See 25,067 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,067 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.15M

Not enough data

1 years with asset history on file

Average account balance

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

$112K

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.

91.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$583K

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

+14.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5903

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 codes2G2F2J2E

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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$104K

$4141 / participant

Other / not subdivided$104K100.0%

% of EOY assets

6.191%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$66,883

$85,766-22.0%

$136,298-50.9%

$70,126-4.6%

Participation rate

100.0%

74.2%+25.8pp

81.9%+18.1pp

69.5%+30.5pp

Annual return

19.32%

31.46%-12.1pp

5156.27%-5137.0pp

73.15%-53.8pp

Employer contribution / active EE

$1,305

$2,966-56.0%

$4,696-72.2%

$2,343-44.3%

Participant deferral / active EE

$8,414

$5,051+66.6%

$6,247+34.7%

$3,332+152.5%

Admin fee / account holder

$4,141

$5,421-23.6%

$9,244-55.2%

$4,645-10.9%

MAXENTRIC TECHNOLOGIES 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAXENTRIC TECHNOLOGIES 401(K) 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