Retirement plan

M & J ENGINEERING 401(K) PLAN

Name: M & J ENGINEERING, D.P.C. - M & J ENGINEERING 401(K) PLAN (2024) Form 5500
Creator: M & J ENGINEERING, D.P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, M & J ENGINEERING 401(K) PLAN, M & J ENGINEERING, D.P.C.

M & J ENGINEERING, D.P.C.EIN 30-0284495Plan #001PY 2024

2003 JERICHO TURNPIKE - NEW HYDE PARK, NY 110404739516-821-7300

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$20.2M

+17.4% from 2023

Total participants

419

+14.8% from 2023

Average account balance

$66,675

+19.7% from 2023

Annual return

14.69%

-5.36 pp from 2023

Benchmarks

See 3,315 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,315 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$20.20M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

303

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.

61.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.08M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+14.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$150

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

See the 10-year trajectory. $4.99 for your first month.

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.5 years Filed as: WELLS FARGO CLEARING SVCS (WF ADVS) Service code 27 · EIN 34-1542819	Advisory (Plan)	$32,920
GREAT-WEST LIFE & ANNUITY INSURANCE5 years Filed as: DYATECH, LLC Service code 13	Contract Administrator	$14,681
WELLS FARGO BANK, N.A.5 years Filed as: WELLS FARGO CLEARAING SVCS (WF ADVS Service code 27	Advisory (Plan)	$14,681
PRINCIPAL LIFE INSURANCE COMPANY5 years Service code 13 · EIN 42-0127290	Contract Administrator	$7,959
GREAT-WEST LIFE & ANNUITY INSURANCE5 years Filed as: DYATECH LLC Service code 13 · EIN 64-0936231	Contract Administrator	$2,450

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D2T3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$45K

$150 / participant

Investment mgmt$33K72.4%
Contract admin$13K27.6%

% of EOY assets

0.225%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: LILLING & COMPANY LLP
Auditor EIN: 133447681
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$66,675

$106,028-37.1%

$146,958-54.6%

$77,643-14.1%

Participation rate

61.7%

78.4%-16.6pp

82.2%-20.4pp

70.6%-8.9pp

Annual return

14.69%

56.73%-42.0pp

418.34%-403.7pp

31.24%-16.6pp

Employer contribution / active EE

$2,997

$4,063-26.2%

$4,933-39.2%

$2,726+9.9%

Participant deferral / active EE

$7,160

$7,990-10.4%

$8,070-11.3%

$4,647+54.1%

Admin fee / account holder

$150

$337-55.5%

$12,998-98.8%

$430-65.1%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.5 years

Filed as: WELLS FARGO CLEARING SVCS (WF ADVS)

Service code 27 · EIN 34-1542819

Advisory (Plan)

$32,920

GREAT-WEST LIFE & ANNUITY INSURANCE5 years

Filed as: DYATECH, LLC

Service code 13

Contract Administrator

$14,681

WELLS FARGO BANK, N.A.5 years

Filed as: WELLS FARGO CLEARAING SVCS (WF ADVS

Service code 27

Advisory (Plan)

$14,681

PRINCIPAL LIFE INSURANCE COMPANY5 years

Service code 13 · EIN 42-0127290

Contract Administrator

$7,959

GREAT-WEST LIFE & ANNUITY INSURANCE5 years

Filed as: DYATECH LLC

Service code 13 · EIN 64-0936231

Contract Administrator

$2,450

M & J ENGINEERING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

M & J ENGINEERING 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