Retirement plan

RETIREMENT PLAN FOR UNION EMPLOYEES OF MCAR, INC

Name: MCAR, INC. - RETIREMENT PLAN FOR UNION EMPLOYEES OF MCAR, INC (2020) Form 5500
Creator: MCAR, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RETIREMENT PLAN FOR UNION EMPLOYEES OF MCAR, INC, MCAR, INC.

MCAR, INC.EIN 25-1045485Plan #002PY 2020

850 NORTH HERMITAGE RD - HERMITAGE, PA 16148724-981-2950

Other plans on this EIN

2 filings

#001Retirement-$2.4M assets #003Retirement-$204K assets

Prospect flagsLow returnsHigh cashLow assets / participant

How to read this page

Total assets (EOY)

$1.6M

+3.1% from 2019

Total participants

184

+2.8% from 2019

Average account balance

$11,448

+0.9% from 2019

Annual return

8.59%

-2.82 pp from 2019

Benchmarks

See 5,414 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,414 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.85M

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

104

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.

162.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$126K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+10.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1483

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

Top 2 by compensation

Provider	Service type	Compensation
ASCENSUS LLC3 years Service code 15 · EIN 11-3665754	Recordkeeping	$12,000
ARNETT CARBIS TOOTHMAN LLP4 years Service code 10 PO BOX 45723 · BALTIMORE, MD 21297	Accounting	$11,200

Plan features & details

Pension benefit codes2C3D2G2F2T

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$22K

$152 / participant

Other / not subdivided$22K100.0%

% of EOY assets

1.364%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ARNETT CARBIS TOOTHMAN
Auditor EIN: 550486667
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,448

$58,895-80.6%

$178,503-93.6%

$73,497-84.4%

Participation rate

72.1%

66.2%+5.9pp

81.9%-9.8pp

70.7%+1.4pp

Annual return

8.59%

24.86%-16.3pp

151.12%-142.5pp

28.51%-19.9pp

Employer contribution / active EE

$1,097

$2,236-50.9%

$5,011-78.1%

$2,270-51.7%

Participant deferral / active EE

$2,567-100.0%

$5,202-100.0%

$3,740-100.0%

Admin fee / account holder

$156

$400-61.0%

$13,987-98.9%

$513-69.6%

Provider

Service type

Compensation

ASCENSUS LLC3 years

Service code 15 · EIN 11-3665754

Recordkeeping

$12,000

ARNETT CARBIS TOOTHMAN LLP4 years

Service code 10

PO BOX 45723 · BALTIMORE, MD 21297

Accounting

$11,200

RETIREMENT PLAN FOR UNION EMPLOYEES OF MCAR, INC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RETIREMENT PLAN FOR UNION EMPLOYEES OF MCAR, INC

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