Retirement plan

DAVID M. MAINES ASSOCIATES, INC. 401(K) PLAN

Name: DAVID M. MAINES ASSOCIATES, INC. - DAVID M. MAINES ASSOCIATES, INC. 401(K) PLAN (2015) Form 5500
Creator: DAVID M. MAINES ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAVID M. MAINES ASSOCIATES, INC. 401(K) PLAN, DAVID M. MAINES ASSOCIATES, INC.

DAVID M. MAINES ASSOCIATES, INC.EIN 23-2581270Plan #001PY 2015

PO BOX 167 - LEWISTOWN, PA 17044717-248-3070davidmaines.comLinkedIn11-50 employeesconstruction

Other plans on this EIN

1 filing

#003Retirement-$2.3M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$9.2M

No prior year

Total participants

No prior year

Average account balance

$87,045

No prior year

Annual return

-3.46%

No prior year

Benchmarks

See 11,458 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort11,458 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.10M

Not enough data

1 years with asset history on file

Average account balance

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

$146K

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.

151

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.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.17M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+11.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$591

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 2 by compensation

Provider	Service type	Compensation
DOMANI WEALTH LLC1+ years Filed as: PARENTEBEARD WEALTH MANAGEMENT Service code 27 1027 MUMMA ROAD · WORMLEYSBURG, PA 17043	Advisory (Plan)	$25,422
NEWPORT GROUP, INC.1+ years Service code 13 · EIN 27-2037969	Contract Administrator	$11,765

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$37K

$448 / participant

Investment mgmt$25K68.4%
Other / not subdivided$12K31.6%

% of EOY assets

0.403%

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: WESSEL & COMPANY
Auditor EIN: 251390233
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$87,045

$52,678+65.2%

$75,784+14.9%

$59,633+46.0%

Participation rate

100.0%

67.2%+32.8pp

75.8%+24.2pp

68.7%+31.3pp

Annual return

-3.46%

2.95%-6.4pp

9.68%-13.1pp

2041.45%-2044.9pp

Employer contribution / active EE

$10,832

$2,193+393.8%

$3,323+225.9%

$2,203+391.8%

Participant deferral / active EE

$1,305

$2,591-49.6%

$3,652-64.3%

$3,192-59.1%

Admin fee / account holder

$351

$3,610-90.3%

$5,300-93.4%

$4,297-91.8%

Provider

Service type

Compensation

DOMANI WEALTH LLC1+ years

Filed as: PARENTEBEARD WEALTH MANAGEMENT

Service code 27

1027 MUMMA ROAD · WORMLEYSBURG, PA 17043

Advisory (Plan)

$25,422

NEWPORT GROUP, INC.1+ years

Service code 13 · EIN 27-2037969

Contract Administrator

$11,765

DAVID M. MAINES ASSOCIATES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAVID M. MAINES ASSOCIATES, INC. 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