Retirement plan

JMAC CORPORATE SERVICES, LLC PROFIT SHARING/401(K) PLAN

Name: JMAC CORPORATE SERVICES, LLC - JMAC CORPORATE SERVICES, LLC PROFIT SHARING/401(K) PLAN (2018) Form 5500
Creator: JMAC CORPORATE SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JMAC CORPORATE SERVICES, LLC PROFIT SHARING/401(K) PLAN, JMAC CORPORATE SERVICES, LLC

JMAC CORPORATE SERVICES, LLCEIN 35-2534002Plan #001PY 2018

1505 NORTH MILLER, SUITE 260 - WENATCHEE, WA 98801509-423-7494LinkedIn201-500 employeesconstruction

Prospect flagsLow participationLow assets / participantFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$4.8M

-13.7% from 2017

Total participants

314

+5.7% from 2017

Average account balance

$19,025

-9.6% from 2017

Annual return

-6.16%

-20.57 pp from 2017

Benchmarks

See 2,759 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,759 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.19M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

326

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.

98.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$894K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$202

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 15 · EIN 04-1590850 1295 STATE STREET · SPRINGFIELD, MA 01111	Recordkeeping	$1,740
ENVESTNET RETIREMENT SOLUTIONS, LLC2 years Service code 27	Advisory (Plan)	$0
MESIROW FINANCIAL INVESTMENT MANAGE2 years Service code 49 · EIN 36-3429599	Other Services	$0
THE RETIREMENT ADVANTAGE INC3+ years Filed as: THE RETIREMENT ADVANTAGE Service code 55 · EIN 39-1816008 12958 HARBOR DRIVE, STE 100 · WOODBRIDGE, VA 221922962	Other Commissions	$0
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS LLC PCG Service code 49 · EIN 34-1542819	Other Services	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$3K

$15 / participant

Contract admin$3K100.0%

% of EOY assets

0.065%

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: MOSS ADAMS LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,025

$55,449-65.7%

$83,830-77.3%

$56,287-66.2%

Participation rate

69.1%

68.0%+1.1pp

76.1%-7.0pp

69.9%-0.7pp

Annual return

-6.16%

-1.38%-4.8pp

850.97%-857.1pp

-9.96%+3.8pp

Employer contribution / active EE

$2,430-100.0%

$3,631-100.0%

$2,111-100.0%

Participant deferral / active EE

$3,162

$2,935+7.7%

$4,082-22.5%

$3,350-5.6%

Admin fee / account holder

$12

$656-98.1%

$5,479-99.8%

$521-97.6%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 15 · EIN 04-1590850

1295 STATE STREET · SPRINGFIELD, MA 01111

Recordkeeping

$1,740

ENVESTNET RETIREMENT SOLUTIONS, LLC2 years

Service code 27

Advisory (Plan)

MESIROW FINANCIAL INVESTMENT MANAGE2 years

Service code 49 · EIN 36-3429599

Other Services

THE RETIREMENT ADVANTAGE INC3+ years

Filed as: THE RETIREMENT ADVANTAGE

Service code 55 · EIN 39-1816008

12958 HARBOR DRIVE, STE 100 · WOODBRIDGE, VA 221922962

Other Commissions

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO ADVISORS LLC PCG

Service code 49 · EIN 34-1542819

Other Services

JMAC CORPORATE SERVICES, LLC PROFIT SHARING/401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JMAC CORPORATE SERVICES, LLC PROFIT SHARING/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