Retirement plan

PAKO, INC. EMPLOYEES' 401(K) PLAN AND TRUST

Name: PAKO, INC. - PAKO, INC. EMPLOYEES' 401(K) PLAN AND TRUST (2024) Form 5500
Creator: PAKO, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PAKO, INC. EMPLOYEES' 401(K) PLAN AND TRUST, PAKO, INC.

PAKO, INC.EIN 34-1123019Plan #001PY 2024

7615 JENTHER DRIVE - MENTOR, OH 44060440-946-8030

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$17.8M

-2.9% from 2023

Total participants

252

+5.0% from 2023

Average account balance

$80,691

-11.2% from 2023

Annual return

11.20%

-2.92 pp from 2023

Benchmarks

See 4,101 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,101 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.83M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

221

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.

85.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.23M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$406

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 5 by compensation

Provider	Service type	Compensation
MGO ONE SEVEN LLC3 years Filed as: MGO ONE SEVEN, LLC Service code 15 · EIN 88-2000569 24400 CHAGRIN BLVD · BEACHWOOD, OH 44122	Recordkeeping	$64,365
NATIONWIDE10+ years Service code 15 · EIN 31-4177100 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$51,534
MGO ONE SEVEN LLC1 year Service code 15 · EIN 88-2000569 24400 CHAGRIN BLVD SUITE 310 · BEACHWOOD, OH 44122	Recordkeeping	$50,033
MGO SECURITIES CORP1 year Service code 26 · EIN 34-1783986 24400 CHAGRIN BLVD SUITE 301 · BEACHWOOD, OH 44122	Advisory (Participants)	$33,884
MGO INVESTMENT ADVISORS3 years Filed as: MGO INVESTMENT ADVISORS, INC. Service code 26 24400 CHAGRIN BLVD · BEACHWOOD, OH 44122	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2G2E2J2K2F2T

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.
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.

Opportunity flags

1 tripped

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

$90K

$420 / participant

Contract admin$90K100.0%

% of EOY assets

0.504%

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: REA & ASSOCIATES, INC.
Auditor EIN: 341310124
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,691

$79,209+1.9%

$102,434-21.2%

$74,459+8.4%

Participation rate

85.5%

74.8%+10.7pp

76.5%+9.0pp

67.2%+18.3pp

Annual return

11.20%

54.98%-43.8pp

29.46%-18.3pp

1369.70%-1358.5pp

Employer contribution / active EE

$1,455

$2,362-38.4%

$3,023-51.9%

$2,626-44.6%

Participant deferral / active EE

$4,315

$4,417-2.3%

$5,055-14.6%

$4,350-0.8%

Admin fee / account holder

$406

$2,002-79.7%

$9,462-95.7%

$1,945-79.1%

Provider

Service type

Compensation

MGO ONE SEVEN LLC3 years

Filed as: MGO ONE SEVEN, LLC

Service code 15 · EIN 88-2000569

24400 CHAGRIN BLVD · BEACHWOOD, OH 44122

Recordkeeping

$64,365

NATIONWIDE10+ years

Service code 15 · EIN 31-4177100

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$51,534

MGO ONE SEVEN LLC1 year

Service code 15 · EIN 88-2000569

24400 CHAGRIN BLVD SUITE 310 · BEACHWOOD, OH 44122

Recordkeeping

$50,033

MGO SECURITIES CORP1 year

Service code 26 · EIN 34-1783986

24400 CHAGRIN BLVD SUITE 301 · BEACHWOOD, OH 44122

Advisory (Participants)

$33,884

MGO INVESTMENT ADVISORS3 years

Filed as: MGO INVESTMENT ADVISORS, INC.

Service code 26

24400 CHAGRIN BLVD · BEACHWOOD, OH 44122

Advisory (Participants)

PAKO, INC. EMPLOYEES' 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PAKO, INC. EMPLOYEES' 401(K) PLAN AND TRUST

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