Retirement plan

MARTIN TRUEX JR. EMPLOYEE LEASING, INC. 401K PLAN

Name: MARTIN TRUEX JR. EMPLOYEE LEASING, - MARTIN TRUEX JR. EMPLOYEE LEASING, INC. 401K PLAN (2018) Form 5500
Creator: MARTIN TRUEX JR. EMPLOYEE LEASING,
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARTIN TRUEX JR. EMPLOYEE LEASING, INC. 401K PLAN, MARTIN TRUEX JR. EMPLOYEE LEASING,

MARTIN TRUEX JR. EMPLOYEE LEASING,EIN 27-1494718Plan #001PY 2018

156 CAYUGA DRIVE - MOORESVILLE, NC 28117704-664-1113

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$480K

+4.5% from 2017

Total participants

-11.1% from 2017

Average account balance

$80,033

+21.9% from 2017

Annual return

-8.36%

-28.98 pp from 2017

Benchmarks

See 12,593 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort12,593 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.07M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

55.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$338K

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

+12.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$16958

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 codes2E2F2G2J2T3D

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$17K

$2433 / participant

Other / not subdivided$17K100.0%

% of EOY assets

3.546%

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

$80,033

$95,188-15.9%

$76,518+4.6%

$135,379-40.9%

Participation rate

71.4%

74.4%-3.0pp

68.0%+3.4pp

82.6%-11.2pp

Annual return

-8.36%

4.85%-13.2pp

-0.27%-8.1pp

519.79%-528.1pp

Employer contribution / active EE

$2,864

$3,303-13.3%

$2,647+8.2%

$4,779-40.1%

Participant deferral / active EE

$7,480

$4,640+61.2%

$3,836+95.0%

$5,609+33.4%

Admin fee / account holder

$2,838

$6,249-54.6%

$4,849-41.5%

$10,828-73.8%

MARTIN TRUEX JR. EMPLOYEE LEASING, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARTIN TRUEX JR. EMPLOYEE LEASING, INC. 401K 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