Retirement plan

PAUL FREDRICK MENSTYLE, LLC 401(K) PLAN

Name: PAUL FREDRICK MENSTYLE, LLC - PAUL FREDRICK MENSTYLE, LLC 401(K) PLAN (2020) Form 5500
Creator: PAUL FREDRICK MENSTYLE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PAUL FREDRICK MENSTYLE, LLC 401(K) PLAN, PAUL FREDRICK MENSTYLE, LLC

PAUL FREDRICK MENSTYLE, LLCEIN 23-2414769Plan #001PY 2020

952 RIDGEBROOK ROAD, SUITE 1200 - SPARKS, MD 21152610-944-0909

Prospect flagsLow returnsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$2.9M

-0.1% from 2019

Total participants

102

-17.1% from 2019

Average account balance

$39,239

+21.7% from 2019

Annual return

5.55%

-27.75 pp from 2019

Benchmarks

See 9,301 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,301 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.79M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

147.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$405K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+25.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7174

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 6 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 49 · EIN 04-1590850	Other Services	$12,158
LPL FINANCIAL1 year Filed as: LPL FINANCIAL - RP Service code 27 · EIN 04-3046611	Advisory (Plan)	$6,291
MID-ATLANTIC PENSION SPECIALISTS3 years Service code 13	Contract Administrator	$1,777
MID-ATLANTIC PENSION SPECIALISTS3 years Filed as: MID-ATLANTIC PENSION SPECIALISTS IN Service code 13 · EIN 23-2776666	Contract Administrator	$170
AMERICAN FUNDS3 years Service code 52 · EIN 94-6050854	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT3 years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$17K

$240 / participant

Contract admin$17K100.0%

% of EOY assets

0.595%

all-in expense ratio

Categories reported

1 / 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: SC&H ATTEST SERVICES, P.C.
Auditor EIN: 521743645
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,239

$65,027-39.7%

$90,970-56.9%

$79,852-50.9%

Participation rate

59.2%

61.6%-2.5pp

69.0%-9.9pp

69.6%-10.5pp

Annual return

5.55%

30.45%-24.9pp

134.58%-129.0pp

31.72%-26.2pp

Employer contribution / active EE

$1,247-100.0%

$2,122-100.0%

$2,471-100.0%

Participant deferral / active EE

$2,199

$2,512-12.5%

$3,373-34.8%

$3,740-41.2%

Admin fee / account holder

$234

$4,535-94.9%

$5,960-96.1%

$5,306-95.6%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 49 · EIN 04-1590850

Other Services

$12,158

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL - RP

Service code 27 · EIN 04-3046611

Advisory (Plan)

$6,291

MID-ATLANTIC PENSION SPECIALISTS3 years

Service code 13

Contract Administrator

$1,777

MID-ATLANTIC PENSION SPECIALISTS3 years

Filed as: MID-ATLANTIC PENSION SPECIALISTS IN

Service code 13 · EIN 23-2776666

Contract Administrator

$170

AMERICAN FUNDS3 years

Service code 52 · EIN 94-6050854

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT3 years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

PAUL FREDRICK MENSTYLE, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PAUL FREDRICK MENSTYLE, LLC 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