Retirement plan

MCGOHAN BRABENDER 401(K) PROFIT SHARING PLAN

Name: MCGOHAN/BRABENDER AGENCY, INC. - MCGOHAN BRABENDER 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: MCGOHAN/BRABENDER AGENCY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCGOHAN BRABENDER 401(K) PROFIT SHARING PLAN, MCGOHAN/BRABENDER AGENCY, INC.

MCGOHAN/BRABENDER AGENCY, INC.EIN 31-1191330Plan #001PY 2024

3931 S DIXIE DR - MORAINE, OH 454392313937-293-1600

Other plans on this EIN

1 filing

#002Retirement-$12.8M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$61.6M

+11.2% from 2023

Total participants

447

+3.0% from 2023

Average account balance

$140,070

+6.1% from 2023

Annual return

17.94%

+0.82 pp from 2023

Benchmarks

See 1,547 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,547 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$61.63M

Not enough data

1 years with asset history on file

Average account balance

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

$140K

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.

440

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.

98.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.37M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+17.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$221

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 7 by compensation

Provider	Service type	Compensation
EUBEL BRADY & SUTTMAN ASSET MGT.1 year Filed as: EUBEL BRADY & SUTTMAN ASSET MA Service code 27 · EIN 31-1386402	Advisory (Plan)	$52,966
EVERHART ADVISORS1 year Filed as: EVERHART FINANCIAL GROUP Service code 27 · EIN 31-1440043	Advisory (Plan)	$24,738
MILLIMAN, INC.8 years Service code 15 · EIN 91-0675641	Recordkeeping	$8,103
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$5,975
FOSTER & MOTLEY INC1 year Filed as: FOSTER & MOTLEY Service code 27 · EIN 31-1482336	Advisory (Plan)	$4,158
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO. INC. Service code 19 · EIN 94-1737782	Securities Custodian	$103
CHARLES SCHWAB & CO., INC.5 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259	Securities Custodian	$5

Plan features & details

Pension benefit codes2E2F2G2J2R2S2T3C3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$97K

$279 / participant

Investment mgmt$82K84.3%
Contract admin$14K14.5%
Other / not subdivided$1K1.2%

% of EOY assets

0.158%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BRIXEY & MEYER, INC.
Auditor EIN: 300132514
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$140,070

$129,227+8.4%

$184,260-24.0%

$77,736+80.2%

Participation rate

98.0%

87.4%+10.6pp

86.8%+11.2pp

70.6%+27.4pp

Annual return

17.94%

33.24%-15.3pp

28.84%-10.9pp

31.26%-13.3pp

Employer contribution / active EE

$5,316

$4,412+20.5%

$6,427-17.3%

$2,728+94.9%

Participant deferral / active EE

$7,232

$7,307-1.0%

$9,133-20.8%

$4,651+55.5%

Admin fee / account holder

$221

$256-13.6%

$13,898-98.4%

$433-49.0%

Provider

Service type

Compensation

EUBEL BRADY & SUTTMAN ASSET MGT.1 year

Filed as: EUBEL BRADY & SUTTMAN ASSET MA

Service code 27 · EIN 31-1386402

Advisory (Plan)

$52,966

EVERHART ADVISORS1 year

Filed as: EVERHART FINANCIAL GROUP

Service code 27 · EIN 31-1440043

Advisory (Plan)

$24,738

MILLIMAN, INC.8 years

Service code 15 · EIN 91-0675641

Recordkeeping

$8,103

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$5,975

FOSTER & MOTLEY INC1 year

Filed as: FOSTER & MOTLEY

Service code 27 · EIN 31-1482336

Advisory (Plan)

$4,158

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO. INC.

Service code 19 · EIN 94-1737782

Securities Custodian

$103

CHARLES SCHWAB & CO., INC.5 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 82-3967259

Securities Custodian

MCGOHAN BRABENDER 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCGOHAN BRABENDER 401(K) PROFIT SHARING 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