Retirement plan

MCENANEY ENTERPRISES LLC 401(K) PROFIT SHARING PLAN #1

Name: MCENANEY ENTERPRISES LLC - MCENANEY ENTERPRISES LLC 401(K) PROFIT SHARING PLAN #1 (2019) Form 5500
Creator: MCENANEY ENTERPRISES LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCENANEY ENTERPRISES LLC 401(K) PROFIT SHARING PLAN #1, MCENANEY ENTERPRISES LLC

MCENANEY ENTERPRISES LLCEIN 36-4311539Plan #002PY 2019

618 MARION RD - PRINCETON, KY 424456289270-365-6224LinkedIn51-200 employeesrestaurants

Other plans on this EIN

1 filing

#003Retirement-$858K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$209K

+34.9% from 2018

Total participants

-20.0% from 2018

Average account balance

$7,750

-30.0% from 2018

Annual return

20.91%

+30.24 pp from 2018

Benchmarks

See 3,418 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants25-99

Cohort3,418 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$568K

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$126K

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

+13.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2986

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 codes2E2F2G2J2T3D3H

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.
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

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

$23K

$724 / participant

Other / not subdivided$23K100.0%

% of EOY assets

11.074%

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

$7,750

$34,316-77.4%

$74,723-89.6%

$72,976-89.4%

Participation rate

84.4%

42.4%+42.0pp

54.5%+29.9pp

69.5%+14.9pp

Annual return

20.91%

26.58%-5.7pp

753.18%-732.3pp

81.02%-60.1pp

Employer contribution / active EE

$598

$692-13.6%

$1,084-44.8%

$2,440-75.5%

Participant deferral / active EE

$689

$1,272-45.8%

$1,962-64.9%

$3,608-80.9%

Admin fee / account holder

$858

$2,125-59.6%

$3,335-74.3%

$5,124-83.3%

MCENANEY ENTERPRISES LLC 401(K) PROFIT SHARING PLAN #1

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCENANEY ENTERPRISES LLC 401(K) PROFIT SHARING PLAN #1

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