Retirement plan

RETIREMENT PLAN FOR UNION EMPLOYEES OF MCAR, INC

Name: MCAR, INC. - RETIREMENT PLAN FOR UNION EMPLOYEES OF MCAR, INC (2021) 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 2021

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

Other plans on this EIN

2 filings

#001Retirement-$2.9M assets #003Retirement-$231K assets

Prospect flagsLow returnsHigh cashLow assets / participant

How to read this page

Total assets (EOY)

$1.7M

+3.5% from 2020

Total participants

143

-22.3% from 2020

Average account balance

$13,335

+16.5% from 2020

Annual return

7.60%

-0.99 pp from 2020

Benchmarks

See 18,805 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,805 peers

Snapshot2021

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
ARNETT CARBIS TOOTHMAN LLP5 years Service code 10 PO BOX 45723 · BALTIMORE, MD 21297	Accounting	$11,400
ASCENSUS LLC4 years Service code 15 · EIN 11-3665754	Recordkeeping	$10,545

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

$241 / participant

Contract admin$11K48.1%
Other / not subdivided$11K51.9%

% of EOY assets

1.296%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,335

$95,406-86.0%

$185,849-92.8%

$85,847-84.5%

Participation rate

82.4%

68.8%+13.7pp

81.7%+0.7pp

69.3%+13.1pp

Annual return

7.60%

23.59%-16.0pp

122.10%-114.5pp

318.61%-311.0pp

Employer contribution / active EE

$1,786

$3,314-46.1%

$5,169-65.5%

$2,565-30.4%

Participant deferral / active EE

$3,424-100.0%

$5,569-100.0%

$3,952-100.0%

Admin fee / account holder

$173

$7,214-97.6%

$16,244-98.9%

$6,261-97.2%

Provider

Service type

Compensation

ARNETT CARBIS TOOTHMAN LLP5 years

Service code 10

PO BOX 45723 · BALTIMORE, MD 21297

Accounting

$11,400

ASCENSUS LLC4 years

Service code 15 · EIN 11-3665754

Recordkeeping

$10,545

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