Retirement plan

MASSANA INC EMPLOYEES SAVINGS TRUST

Name: MASSANA INC - MASSANA INC EMPLOYEES SAVINGS TRUST (2020) Form 5500
Creator: MASSANA INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MASSANA INC EMPLOYEES SAVINGS TRUST, MASSANA INC

MASSANA INCEIN 26-2005142Plan #001PY 2020

115 HOWELL ROAD - TYRONE, GA 30290770-632-2081mediamousemarketing.comLinkedIn51-200 employeesconstruction

Prospect flagsLow assets / participantLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$4.2M

+26.9% from 2019

Total participants

220

+20.9% from 2019

Average account balance

$19,774

+4.6% from 2019

Annual return

17.57%

-4.09 pp from 2019

Benchmarks

See 2,939 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,939 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.98M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

164

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.

94.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$761K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$152

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
SECURITIES AMERICA INC4 years Filed as: SECURITIES AMERICA ADVISORS INC Service code 99 12325 PORT GRACE BLVD · LAVISTA, NE 68128	Other Fees	$16,328
AMERICAN FUNDS2 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 64550IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$12,937
ASCENSUS LLC1 year Filed as: FUTUREPLAN BY ASCENSUS Service code 13 1102 CHESTNUT HILLS PKWY · FORT WAYNE, IN 468148728	Contract Administrator	$9,075
RETIREMENT STRATEGIES, INC.2 years Filed as: RETIREMENT STRATEGIES INC Service code 13 229 FURY'S FERRY RD STE 131 · AUGUSTA, GA 309074727	Contract Administrator	$4,241

Plan features & details

Pension benefit codes2A2E2F2G2J2S3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$36K

$354 / participant

Other / not subdivided$36K100.0%

% of EOY assets

0.865%

all-in expense ratio

Categories reported

0 / 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: FRAZIER & DEETER LLC
Auditor EIN: 581433845
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,774

$69,383-71.5%

$101,275-80.5%

$73,497-73.1%

Participation rate

91.2%

68.4%+22.8pp

75.8%+15.4pp

70.7%+20.5pp

Annual return

17.57%

18.46%-0.9pp

46.48%-28.9pp

28.51%-10.9pp

Employer contribution / active EE

$2,628-100.0%

$3,660-100.0%

$2,270-100.0%

Participant deferral / active EE

$4,320

$3,301+30.9%

$4,371-1.2%

$3,740+15.5%

Admin fee / account holder

$171

$704-75.7%

$5,948-97.1%

$513-66.6%

Provider

Service type

Compensation

SECURITIES AMERICA INC4 years

Filed as: SECURITIES AMERICA ADVISORS INC

Service code 99

12325 PORT GRACE BLVD · LAVISTA, NE 68128

Other Fees

$16,328

AMERICAN FUNDS2 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 64

64550IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$12,937

ASCENSUS LLC1 year

Filed as: FUTUREPLAN BY ASCENSUS

Service code 13

1102 CHESTNUT HILLS PKWY · FORT WAYNE, IN 468148728

Contract Administrator

$9,075

RETIREMENT STRATEGIES, INC.2 years

Filed as: RETIREMENT STRATEGIES INC

Service code 13

229 FURY'S FERRY RD STE 131 · AUGUSTA, GA 309074727

Contract Administrator

$4,241

MASSANA INC EMPLOYEES SAVINGS TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MASSANA INC EMPLOYEES SAVINGS TRUST

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