Retirement plan

MCCORMICK MORTGAGE SERVICES LLC 401(K) PLAN

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

MCCORMICK MORTGAGE SERVICES LLCEIN 27-0127211Plan #001PY 2024

4610 SUNDOWN ROAD - LAYTONSVILLE, MD 20882301-774-3578LinkedIn1-10 employeesbanking

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$1.2M

+21.4% from 2023

Total participants

0.0% from 2023

Average account balance

$403,632

+21.4% from 2023

Annual return

14.63%

-24.31 pp from 2023

Benchmarks

See 37,071 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort37,071 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.21M

Not enough data

1 years with asset history on file

Average account balance

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

$404K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$68K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+14.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

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

$403,632

$201,370+100.4%

$184,256+119.1%

$145,897+176.7%

Participation rate

100.0%

87.5%+12.5pp

86.8%+13.2pp

80.3%+19.7pp

Annual return

14.63%

29.05%-14.4pp

28.85%-14.2pp

552.29%-537.7pp

Employer contribution / active EE

$7,024-100.0%

$6,427-100.0%

$4,663-100.0%

Participant deferral / active EE

$22,529

$9,808+129.7%

$9,133+146.7%

$6,689+236.8%

Admin fee / account holder

$16,364-100.0%

$13,899-100.0%

$13,390-100.0%

MCCORMICK MORTGAGE SERVICES LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

MCCORMICK MORTGAGE SERVICES LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion