Retirement plan

MACKIN MEDICAL, INC. 401K & PROFIT SHARING PLAN

Name: MACKIN MEDICAL, INC. - MACKIN MEDICAL, INC. 401K & PROFIT SHARING PLAN (2021) Form 5500
Creator: MACKIN MEDICAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MACKIN MEDICAL, INC. 401K & PROFIT SHARING PLAN, MACKIN MEDICAL, INC.

MACKIN MEDICAL, INC.EIN 23-2430341Plan #005PY 2021

2660 WEST CHESTER PIKE - BROOMALL, PA 19008610-325-2871mackinmedical.netLinkedIn11-50 employees

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$969K

+16.9% from 2020

Total participants

-11.1% from 2020

Average account balance

-100.0% from 2020

Annual return

5.50%

+2.28 pp from 2020

Benchmarks

See 22,587 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,587 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.14M

Not enough data

1 years with asset history on file

Average account balance

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

$143K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$24K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+8.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3672

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 codes2E2J2R3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

2 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.

Expense breakdown

Schedule H Part II

Admin total

$44K

$5488 / participant

Other / not subdivided$44K100.0%

% of EOY assets

4.529%

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

$176,794-100.0%

$146,647-100.0%

$167,553-100.0%

Participation rate

0.0%

83.6%-83.6pp

80.1%-80.1pp

82.1%-82.1pp

Annual return

5.50%

24.04%-18.5pp

22.75%-17.3pp

478.89%-473.4pp

Employer contribution / active EE

$1,572

$5,161-69.5%

$4,137-62.0%

$4,840-67.5%

Participant deferral / active EE

$15,762

$6,440+144.7%

$5,506+186.2%

$6,343+148.5%

Admin fee / account holder

$13,262-100.0%

$10,281-100.0%

$12,316-100.0%

MACKIN MEDICAL, INC. 401K & PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MACKIN MEDICAL, INC. 401K & PROFIT SHARING 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