Retirement plan

MCNELLY SERVICES, 401(K) PLAN

Name: MCNELLY SERVICES, INC. - MCNELLY SERVICES, 401(K) PLAN (2021) Form 5500
Creator: MCNELLY SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCNELLY SERVICES, 401(K) PLAN, MCNELLY SERVICES, INC.

MCNELLY SERVICES, INC.EIN 36-3799397Plan #001PY 2021

225 OAKWOOD RD. - LAKE ZURICH, IL 600471503847-726-9400mcnellyservices.comLinkedIn51-200 employeesfacilities services

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.6M

+32.0% from 2020

Total participants

133

+4.7% from 2020

Average account balance

$35,019

+32.0% from 2020

Annual return

15.69%

-5.76 pp from 2020

Benchmarks

See 1,089 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,089 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.68M

Not enough data

1 years with asset history on file

Average account balance

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

$58K

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.

133

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.

90.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$939K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+18.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$561

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 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290	Contract Administrator	$35,686
RAYMOND JAMES FINANCIAL SERVICES3 years Filed as: RAYMOND JAMES FIN SVCS ADVISORS Service code 27 · EIN 59-2937883	Advisory (Plan)	$14,258

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$36K

$277 / participant

Contract admin$36K100.0%

% of EOY assets

0.989%

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: MOWERY & SCHOENFELD, LLC
Auditor EIN: 364111140
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,019

$79,694-56.1%

$96,161-63.6%

$79,393-55.9%

Participation rate

76.7%

54.0%+22.8pp

68.4%+8.3pp

70.7%+6.0pp

Annual return

15.69%

40.84%-25.1pp

192.01%-176.3pp

116.87%-101.2pp

Employer contribution / active EE

$1,767

$1,443+22.4%

$2,798-36.9%

$2,428-27.2%

Participant deferral / active EE

$2,478

$2,539-2.4%

$4,349-43.0%

$4,046-38.8%

Admin fee / account holder

$346

$630-45.0%

$5,538-93.7%

$627-44.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY4+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$35,686

RAYMOND JAMES FINANCIAL SERVICES3 years

Filed as: RAYMOND JAMES FIN SVCS ADVISORS

Service code 27 · EIN 59-2937883

Advisory (Plan)

$14,258

MCNELLY SERVICES, 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCNELLY SERVICES, 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