Retirement plan

CHARLES J. MERLO, INC. UNION EMPLOYEES 401(K) PENSION PLAN

Name: CHARLES J. MERLO, INC. - CHARLES J. MERLO, INC. UNION EMPLOYEES 401(K) PENSION PLAN (2020) Form 5500
Creator: CHARLES J. MERLO, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHARLES J. MERLO, INC. UNION EMPLOYEES 401(K) PENSION PLAN, CHARLES J. MERLO, INC.

CHARLES J. MERLO, INC.EIN 25-1068024Plan #004PY 2020

234 MERLO ROAD - MINERAL POINT, PA 159429719814-322-1545LinkedIn11-50 employeesaccounting

Other plans on this EIN

3 filings

#003Retirement-$3.8M assets #001Retirement-$1.6M assets #002Retirement-$986K assets

Prospect flagsLow returnsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$771K

-9.7% from 2019

Total participants

-5.0% from 2019

Average account balance

$45,349

-4.3% from 2019

Annual return

-5.35%

-9.23 pp from 2019

Benchmarks

See 42,032 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort42,032 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$542K

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

55.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$20K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$977

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

+24.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$21493

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 codes2F2G2J2T3D

Plan features

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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$77K

$7040 / participant

Other / not subdivided$77K100.0%

% of EOY assets

10.045%

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

$45,349

$115,814-60.8%

$101,275-55.2%

$158,982-71.5%

Participation rate

81.8%

79.4%+2.4pp

75.8%+6.0pp

82.0%-0.1pp

Annual return

-5.35%

56.16%-61.5pp

46.48%-51.8pp

302.99%-308.3pp

Employer contribution / active EE

$1,971

$4,176-52.8%

$3,660-46.2%

$4,763-58.6%

Participant deferral / active EE

$1,109

$4,958-77.6%

$4,371-74.6%

$5,983-81.5%

Admin fee / account holder

$4,555

$7,249-37.2%

$5,948-23.4%

$11,252-59.5%

CHARLES J. MERLO, INC. UNION EMPLOYEES 401(K) PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHARLES J. MERLO, INC. UNION EMPLOYEES 401(K) PENSION 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