Retirement plan

MCCRACKEN FINANCIAL SOLUTIONS 401(K) PLAN

Name: MCCRACKEN FINANCIAL SOLUTIONS - MCCRACKEN FINANCIAL SOLUTIONS 401(K) PLAN (2018) Form 5500
Creator: MCCRACKEN FINANCIAL SOLUTIONS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCCRACKEN FINANCIAL SOLUTIONS 401(K) PLAN, MCCRACKEN FINANCIAL SOLUTIONS

MCCRACKEN FINANCIAL SOLUTIONSEIN 23-2958188Plan #001PY 2018

8 SUBURBAN PARK DRIVE - BILLERICA, MA 01821978-439-9000

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.4M

+0.8% from 2017

Total participants

-3.7% from 2017

Average account balance

$123,633

-0.7% from 2017

Annual return

-6.60%

-24.99 pp from 2017

Benchmarks

See 25,536 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,536 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.57M

Not enough data

1 years with asset history on file

Average account balance

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

$244K

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.

96.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$823K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+12.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$40775

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 codes2E2F2G2J2T3D

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.
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

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

$210K

$3282 / participant

Other / not subdivided$210K100.0%

% of EOY assets

2.498%

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

$123,633

$77,816+58.9%

$123,549+0.1%

$64,181+92.6%

Participation rate

82.8%

74.7%+8.1pp

82.3%+0.5pp

69.6%+13.2pp

Annual return

-6.60%

12.49%-19.1pp

119.20%-125.8pp

7.63%-14.2pp

Employer contribution / active EE

$3,414

$3,014+13.3%

$4,628-26.2%

$2,381+43.4%

Participant deferral / active EE

$8,512

$5,240+62.4%

$6,426+32.5%

$3,470+145.3%

Admin fee / account holder

$3,089

$5,519-44.0%

$9,284-66.7%

$4,887-36.8%

MCCRACKEN FINANCIAL SOLUTIONS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCCRACKEN FINANCIAL SOLUTIONS 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