Retirement plan

MCLANAHAN CORPORATION EMPLOYEE'S 401(K) RETIREMENT PLAN

Name: MCLANAHAN CORPORATION - MCLANAHAN CORPORATION EMPLOYEE'S 401(K) RETIREMENT PLAN (2020) Form 5500
Creator: MCLANAHAN CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCLANAHAN CORPORATION EMPLOYEE'S 401(K) RETIREMENT PLAN, MCLANAHAN CORPORATION

MCLANAHAN CORPORATIONEIN 23-0861150Plan #002PY 2020

200 WALL STREET - HOLLIDAYSBURG, PA 16648814-695-9807mclanahan.comLinkedIn501-1000 employeesmachinery

Other plans on this EIN

1 filing

#001Retirement-$20.3M assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed September 16, 2021 (most recent of 2 filings on file)

Plan administrator

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200 Wall Street

Hollidaysburg, PA 16648

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Plans declared (1)

McLanahan Corporation Deferred Compensation Plan4 emp

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Total assets (EOY)

$24.1M

+10.7% from 2019

Total participants

392

-9.9% from 2019

Average account balance

$62,337

+20.1% from 2019

Annual return

15.92%

-6.57 pp from 2019

Benchmarks

See 2,346 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,346 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$57.45M

Not enough data

1 years with asset history on file

Average account balance

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

$118K

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.

488

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.

95.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.97M

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

+14.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$60

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
LPL FINANCIAL5 years Filed as: LPL FINANCIAL LLC Service code 27 · EIN 04-3046611	Advisory (Plan)	$48,524
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Service code 37 · EIN 04-2647786	Loan Processing	$2,986

Plan features & details

Pension benefit codes2F2G2J2S2T3D

Plan features

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$52K

$165 / participant

Other / not subdivided$52K100.0%

% of EOY assets

0.214%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: YOUNG, OAKES, BROWN & CO, PC
Auditor EIN: 251589048
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,337

$79,519-21.6%

$95,964-35.0%

$73,412-15.1%

Participation rate

98.1%

81.2%+16.9pp

77.1%+21.0pp

72.2%+25.9pp

Annual return

15.92%

19.20%-3.3pp

91.64%-75.7pp

59.30%-43.4pp

Employer contribution / active EE

$3,085

$2,048+50.7%

$2,541+21.4%

$2,234+38.1%

Participant deferral / active EE

$5,004

$4,138+20.9%

$4,167+20.1%

$3,806+31.5%

Admin fee / account holder

$133

$184-27.6%

$6,797-98.0%

$158-15.5%

Provider

Service type

Compensation

LPL FINANCIAL5 years

Filed as: LPL FINANCIAL LLC

Service code 27 · EIN 04-3046611

Advisory (Plan)

$48,524

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Service code 37 · EIN 04-2647786

Loan Processing

$2,986

MCLANAHAN CORPORATION EMPLOYEE'S 401(K) RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCLANAHAN CORPORATION EMPLOYEE'S 401(K) RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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