Retirement plan

MERKLE INTERNATIONAL INC.PROFIT SHARING AND 401K SAVINGS PLAN

Name: MERKLE INTERNATIONAL, INC. - MERKLE INTERNATIONAL INC.PROFIT SHARING AND 401K SAVINGS PLAN (2022) Form 5500
Creator: MERKLE INTERNATIONAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MERKLE INTERNATIONAL INC.PROFIT SHARING AND 401K SAVINGS PLAN, MERKLE INTERNATIONAL, INC.

MERKLE INTERNATIONAL, INC.EIN 36-2844985Plan #001PY 2022

9567 W US HIGHWAY 20 - GALENA, IL 610369119815-777-2100merkleintl.comLinkedIn11-50 employeesglass, ceramics & concrete

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$4.7M

-28.5% from 2021

Total participants

-7.1% from 2021

Average account balance

$393,693

-16.6% from 2021

Annual return

-16.75%

-35.40 pp from 2021

Benchmarks

See 22,362 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,362 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.25M

Not enough data

1 years with asset history on file

Average account balance

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

$558K

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.

86.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$332K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+16.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$688

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 codes2E2F2G2J2T3B3D

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$1.1M

$82041 / participant

Other / not subdivided$1M100.0%

% of EOY assets

22.575%

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

$393,693

$100,811+290.5%

$86,698+354.1%

$134,545+192.6%

Participation rate

92.3%

79.0%+13.4pp

76.6%+15.7pp

81.2%+11.1pp

Annual return

-16.75%

29.11%-45.9pp

35.96%-52.7pp

418.37%-435.1pp

Employer contribution / active EE

$13,142

$3,490+276.6%

$2,837+363.3%

$4,742+177.2%

Participant deferral / active EE

$8,714

$5,339+63.2%

$4,656+87.1%

$6,401+36.1%

Admin fee / account holder

$88,878

$10,926+713.4%

$7,492+1086.3%

$11,431+677.5%

MERKLE INTERNATIONAL INC.PROFIT SHARING AND 401K SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MERKLE INTERNATIONAL INC.PROFIT SHARING AND 401K SAVINGS 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