Retirement plan

MMN SALES LLC 401K PLAN MAXWELL LIGHTING AND ENERGY

Name: MMN SALES LLC - MMN SALES LLC 401K PLAN MAXWELL LIGHTING AND ENERGY (2024) Form 5500
Creator: MMN SALES LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MMN SALES LLC 401K PLAN MAXWELL LIGHTING AND ENERGY, MMN SALES LLC

MMN SALES LLCdba MAXWELL LIGHTING AND ENERGYEIN 32-0216806Plan #002PY 2024

1 BELMONT AVENUE - BALA CYNWYD, PA 19004610-637-4900

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$245K

+57.5% from 2023

Total participants

+33.3% from 2023

Average account balance

$61,244

+18.1% from 2023

Annual return

11.23%

+0.97 pp from 2023

Benchmarks

See 23,862 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,862 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$245K

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$72K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+11.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2J2R2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$61,244

$166,242-63.2%

$165,071-62.9%

$145,884-58.0%

Participation rate

100.0%

82.0%+18.0pp

78.6%+21.4pp

80.3%+19.7pp

Annual return

11.23%

100.44%-89.2pp

70.17%-58.9pp

551.85%-540.6pp

Employer contribution / active EE

$6,948

$5,283+31.5%

$4,347+59.8%

$4,662+49.0%

Participant deferral / active EE

$11,035

$6,964+58.4%

$6,035+82.8%

$6,690+64.9%

Admin fee / account holder

$16,658-100.0%

$12,695-100.0%

$13,392-100.0%

MMN SALES LLC 401K PLAN MAXWELL LIGHTING AND ENERGY

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

MMN SALES LLC 401K PLAN MAXWELL LIGHTING AND ENERGY

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion