Retirement plan

MARCAL MANUFACTURING, LLC UNION 401(K) PLAN

Name: MARCAL MANUFACTURING, LLC - MARCAL MANUFACTURING, LLC UNION 401(K) PLAN (2022) 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 2022

ONE MARKET STREET - ELMWOOD PARK, NJ 074701451201-927-5129

Other plans on this EIN

1 filing

#001Retirement-$12.7M assets

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$10.3M

-17.0% from 2021

Total participants

223

-5.5% from 2021

Average account balance

$46,198

-12.2% from 2021

Annual return

-12.56%

-23.33 pp from 2021

Benchmarks

See 5,555 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,555 peers

Snapshot2022

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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INS. CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$30,596
TRUOG-RYDING COMPANY, INC.7 years Service code 13 2659 TOWNSGATE ROAD, STE. 101 · WESTLAKE VILLAGE, CA 91105	Contract Administrator	$15,707
KESTRA INVESTMENT SERVICES LLC7 years Service code 55 141 W. GREEN ST. · PASADENA, CA 91105	Other Commissions	$13,560
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,856

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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$48K

$655 / participant

Contract admin$45K94.5%
Other / not subdivided$3K5.5%

% of EOY assets

0.464%

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: KIMBERLIN COMPANY, PLLC
Auditor EIN: 455497718
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,198

$73,019-36.7%

$90,766-49.1%

$68,490-32.5%

Participation rate

100.0%

70.8%+29.2pp

75.7%+24.3pp

67.9%+32.1pp

Annual return

-12.56%

-13.81%+1.2pp

-12.16%-0.4pp

-7.85%-4.7pp

Employer contribution / active EE

$2,193-100.0%

$2,922-100.0%

$2,597-100.0%

Participant deferral / active EE

$6,382

$3,626+76.0%

$4,565+39.8%

$4,028+58.5%

Admin fee / account holder

$214

$5,897-96.4%

$8,446-97.5%

$5,403-96.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INS. CO OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$30,596

TRUOG-RYDING COMPANY, INC.7 years

Service code 13

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

Contract Administrator

$15,707

KESTRA INVESTMENT SERVICES LLC7 years

Service code 55

141 W. GREEN ST. · PASADENA, CA 91105

Other Commissions

$13,560

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,856

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