Retirement plan

MCHENRY & ASSOCIATES INC. PROFIT SHARING PLAN & TRUST

Name: MCHENRY & ASSOCIATES INC. - MCHENRY & ASSOCIATES INC. PROFIT SHARING PLAN & TRUST (2018) Form 5500
Creator: MCHENRY & ASSOCIATES INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCHENRY & ASSOCIATES INC. PROFIT SHARING PLAN & TRUST, MCHENRY & ASSOCIATES INC.

MCHENRY & ASSOCIATES INC.EIN 34-1154346Plan #001PY 2018

25001 EMERY RD STE 200 - CLEVELAND, OH 441285628216-292-4696mchenryassociates.comLinkedIn11-50 employeesdesign

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$6M

-2.6% from 2017

Total participants

+7.4% from 2017

Average account balance

$215,488

-6.1% from 2017

Annual return

-7.48%

-27.62 pp from 2017

Benchmarks

See 25,535 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,535 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.90M

Not enough data

1 years with asset history on file

Average account balance

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

$350K

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.

117.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$605K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+16.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$696

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 codes2E2J3D2F2T

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).
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.
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

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

$81K

$2998 / participant

Other / not subdivided$81K100.0%

% of EOY assets

1.342%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$215,488

$77,817+176.9%

$123,553+74.4%

$64,173+235.8%

Participation rate

96.3%

74.7%+21.6pp

82.3%+14.0pp

69.6%+26.7pp

Annual return

-7.48%

12.49%-20.0pp

119.21%-126.7pp

7.63%-15.1pp

Employer contribution / active EE

$5,926

$3,014+96.6%

$4,628+28.0%

$2,381+148.9%

Participant deferral / active EE

$8,255

$5,240+57.5%

$6,426+28.5%

$3,470+137.9%

Admin fee / account holder

$2,891

$5,519-47.6%

$9,284-68.9%

$4,887-40.8%

MCHENRY & ASSOCIATES INC. PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCHENRY & ASSOCIATES INC. PROFIT SHARING PLAN & 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