Retirement plan

MCDONALD'S FRANCHISEE 401(K) PLAN

Name: MJPT II & ASSOCIATES, LTD. - MCDONALD'S FRANCHISEE 401(K) PLAN (2017) Form 5500
Creator: MJPT II & ASSOCIATES, LTD.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCDONALD'S FRANCHISEE 401(K) PLAN, MJPT II & ASSOCIATES, LTD.

MJPT II & ASSOCIATES, LTD.EIN 31-1450411Plan #001PY 2017

1333 OAKVIEW DRIVE - COLUMBUS, OH 43235614-431-5774LinkedIn51-200 employeesrestaurants

Prospect flagsHigh feesLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$2.6M

+29.7% from 2016

Total participants

146

+13.2% from 2016

Average account balance

$74,495

+22.3% from 2016

Annual return

24.66%

+19.09 pp from 2016

Benchmarks

See 841 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort841 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.65M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

42.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$306K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+17.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2522

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
NATIONWIDE2 years Filed as: NATIONWIDE LIFE INSURANCE COMPANY Service code 12 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Contract Administrator; Claims proces...	$21,080
PENSION ASSURANCE LLP2 years Filed as: PENSION PLANNING CONSULTANTS, INC. Service code 10 · EIN 85-0402842 6201 UPTOWN BLVD. NE, SUITE 100 · ALBUQUERQUE, NM 871104150	Accounting	$1,329
TD AMERITRADE, INC.2 years Filed as: TD AMERITRADE Service code 71 4211 S. 102ND STREET · OMAHA, NE 68127	Brokerage Fees	$28
FOOTHILL SECURITIES INC1 year Filed as: FOOTHILL SECURITIES, INC. Service code 71 2900 LAKESIDE DR, SUITE 100 · SANTA CLARA, CA 950541508	Brokerage Fees	$0
SECURITIES AMERICA INC1 year Filed as: SECURITIES AMERICA, INC. Service code 71 12325 PORT GRACE BLVD · LA VISTA, NE 681280001	Brokerage Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R3D3H

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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$22K

$164 / participant

Contract admin$22K100.0%

% of EOY assets

0.861%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BODINE PERRY LLC
Auditor EIN: 412028444
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,495

$31,388+137.3%

$73,550+1.3%

$62,293+19.6%

Participation rate

19.0%

39.9%-20.9pp

54.9%-35.9pp

69.5%-50.5pp

Annual return

24.66%

25.34%-0.7pp

-15.16%+39.8pp

28.90%-4.2pp

Employer contribution / active EE

$242

$498-51.4%

$1,219-80.2%

$2,042-88.2%

Participant deferral / active EE

$807

$1,028-21.5%

$1,804-55.3%

$3,169-74.5%

Admin fee / account holder

$641

$299+114.1%

$2,320-72.4%

$479+33.7%

Provider

Service type

Compensation

NATIONWIDE2 years

Filed as: NATIONWIDE LIFE INSURANCE COMPANY

Service code 12

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Contract Administrator; Claims proces...

$21,080

PENSION ASSURANCE LLP2 years

Filed as: PENSION PLANNING CONSULTANTS, INC.

Service code 10 · EIN 85-0402842

6201 UPTOWN BLVD. NE, SUITE 100 · ALBUQUERQUE, NM 871104150

Accounting

$1,329

TD AMERITRADE, INC.2 years

Filed as: TD AMERITRADE

Service code 71

4211 S. 102ND STREET · OMAHA, NE 68127

Brokerage Fees

$28

FOOTHILL SECURITIES INC1 year

Filed as: FOOTHILL SECURITIES, INC.

Service code 71

2900 LAKESIDE DR, SUITE 100 · SANTA CLARA, CA 950541508

Brokerage Fees

SECURITIES AMERICA INC1 year

Filed as: SECURITIES AMERICA, INC.

Service code 71

12325 PORT GRACE BLVD · LA VISTA, NE 681280001

Brokerage Fees

MCDONALD'S FRANCHISEE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCDONALD'S FRANCHISEE 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