Retirement plan

MCDONALD'S FRANCHISE 401(K) PLAN

Name: MJPT II & ASSOCIATES, LTD. - MCDONALD'S FRANCHISE 401(K) PLAN (2020) Form 5500
Creator: MJPT II & ASSOCIATES, LTD.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCDONALD'S FRANCHISE 401(K) PLAN, MJPT II & ASSOCIATES, LTD.

MJPT II & ASSOCIATES, LTD.EIN 31-1450411Plan #001PY 2020

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

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$4.2M

+34.0% from 2019

Total participants

191

+6.7% from 2019

Average account balance

$68,818

+23.0% from 2019

Annual return

33.51%

+5.69 pp from 2019

Benchmarks

See 881 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort881 peers

Snapshot2020

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
NATIONWIDE5 years Filed as: NATIONWIDE LIFE INSURANCE COMPANY Service code 12 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Custodial (other than securities); Cl...	$27,649
PENSION ASSURANCE LLP5 years Filed as: PENSION PLANNING CONSULTANTS, INC. Service code 10 · EIN 85-0402842 6201 UPTOWN BLVD. NE, SUITE 100 · ALBUQUERQUE, NM 871104150	Accounting	$3,508
TD AMERITRADE, INC.5 years Filed as: TD AMERITRADE Service code 71 4211 S. 102ND ST · OMAHA, NE 68127	Brokerage Fees	$3
SECURITIES AMERICA INC4 years 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

2 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.)

Expense breakdown

Schedule H Part II

Admin total

$31K

$188 / participant

Contract admin$31K100.0%

% of EOY assets

0.742%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,818

$35,986+91.2%

$77,513-11.2%

$73,493-6.4%

Participation rate

21.7%

40.8%-19.1pp

54.2%-32.5pp

70.7%-49.0pp

Annual return

33.51%

19.26%+14.3pp

54.81%-21.3pp

28.51%+5.0pp

Employer contribution / active EE

$317

$557-43.1%

$987-67.9%

$2,270-86.0%

Participant deferral / active EE

$878

$1,198-26.7%

$1,861-52.8%

$3,740-76.5%

Admin fee / account holder

$511

$466+9.7%

$2,859-82.1%

$513-0.4%

Provider

Service type

Compensation

NATIONWIDE5 years

Filed as: NATIONWIDE LIFE INSURANCE COMPANY

Service code 12

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Custodial (other than securities); Cl...

$27,649

PENSION ASSURANCE LLP5 years

Filed as: PENSION PLANNING CONSULTANTS, INC.

Service code 10 · EIN 85-0402842

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

Accounting

$3,508

TD AMERITRADE, INC.5 years

Filed as: TD AMERITRADE

Service code 71

4211 S. 102ND ST · OMAHA, NE 68127

Brokerage Fees

SECURITIES AMERICA INC4 years

Filed as: SECURITIES AMERICA, INC.

Service code 71

12325 PORT GRACE BLVD · LA VISTA, NE 681280001

Brokerage Fees

MCDONALD'S FRANCHISE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCDONALD'S FRANCHISE 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