Retirement plan

MARCAL MANUFACTURING, LLC UNION 401(K) PLAN

Name: MARCAL MANUFACTURING, LLC - MARCAL MANUFACTURING, LLC UNION 401(K) PLAN (2024) Form 5500
Creator: MARCAL MANUFACTURING, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARCAL MANUFACTURING, LLC UNION 401(K) PLAN, MARCAL MANUFACTURING, LLC

MARCAL MANUFACTURING, LLCEIN 26-2230708Plan #002PY 2024

ONE MARKET STREET - ELMWOOD PARK, NJ 074701451201-703-6212

Other plans on this EIN

1 filing

#001Retirement-$26.6M assets

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$11.5M

+8.7% from 2023

Total participants

200

-1.5% from 2023

Average account balance

$57,307

+10.4% from 2023

Annual return

11.76%

+0.21 pp from 2023

Benchmarks

See 5,395 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,395 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.46M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

200

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$648K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+11.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$281

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

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INS. CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$30,159
TRUOG-RYDING COMPANY, INC.9 years Service code 13 2659 TOWNSGATE ROAD, STE. 101 · WESTLAKE VILLAGE, CA 91105	Contract Administrator	$20,982
OAKWOOD CAPITAL SECURITIES, INC.2 years Filed as: OAKWOOD CAPITAL SECURITIES, INC Service code 55 600 HIGHWAY 169 S, STE. 1410 · MINNEAPOLIS, MN 55426	Other Commissions	$6,628
USI CONSULTING GROUP1 year Filed as: USI ADVISORS Service code 55 95 GLASTONBURY BLVD., STE. 102 · GLASTONBURY, CT 06033	Other Commissions	$5,930
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$722

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$56K

$741 / participant

Investment mgmt$51K90.7%
Contract admin$5K9.3%

% of EOY assets

0.491%

all-in expense ratio

Categories reported

2 / 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: BLACKBURN, CHILDERS & STEAGALL, PLL
Auditor EIN: 620647474
Audit fees: $0
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,307

$87,132-34.2%

$105,624-45.7%

$80,959-29.2%

Participation rate

100.0%

70.4%+29.6pp

75.3%+24.7pp

67.7%+32.3pp

Annual return

11.76%

17.03%-5.3pp

116.20%-104.4pp

35.67%-23.9pp

Employer contribution / active EE

$1,757

$2,397-26.7%

$3,168-44.5%

$2,757-36.3%

Participant deferral / active EE

$6,772

$3,985+69.9%

$5,013+35.1%

$4,300+57.5%

Admin fee / account holder

$281

$8,449-96.7%

$10,961-97.4%

$6,925-95.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INS. CO OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$30,159

TRUOG-RYDING COMPANY, INC.9 years

Service code 13

2659 TOWNSGATE ROAD, STE. 101 · WESTLAKE VILLAGE, CA 91105

Contract Administrator

$20,982

OAKWOOD CAPITAL SECURITIES, INC.2 years

Filed as: OAKWOOD CAPITAL SECURITIES, INC

Service code 55

600 HIGHWAY 169 S, STE. 1410 · MINNEAPOLIS, MN 55426

Other Commissions

$6,628

USI CONSULTING GROUP1 year

Filed as: USI ADVISORS

Service code 55

95 GLASTONBURY BLVD., STE. 102 · GLASTONBURY, CT 06033

Other Commissions

$5,930

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$722

MARCAL MANUFACTURING, LLC UNION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARCAL MANUFACTURING, LLC UNION 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