Retirement plan

MCENANEY ENTERPRISES LLC 401(K) PROFIT SHARING PLAN #2

Name: MCENANEY ENTERPRISES LLC - MCENANEY ENTERPRISES LLC 401(K) PROFIT SHARING PLAN #2 (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 #2, MCENANEY ENTERPRISES LLC

MCENANEY ENTERPRISES LLCEIN 36-4311539Plan #003PY 2019

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

Other plans on this EIN

1 filing

#002Retirement-$209K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$858K

+40.4% from 2018

Total participants

-35.7% from 2018

Average account balance

$27,688

-9.4% from 2018

Annual return

23.65%

+33.23 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

$854K

Not enough data

1 years with asset history on file

Average account balance

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

$14K

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

$138K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+9.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5821

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

$32K

$901 / participant

Other / not subdivided$32K100.0%

% of EOY assets

3.778%

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

$27,688

$34,316-19.3%

$74,723-62.9%

$72,976-62.1%

Participation rate

86.1%

42.4%+43.7pp

54.5%+31.6pp

69.5%+16.6pp

Annual return

23.65%

26.58%-2.9pp

753.18%-729.5pp

81.02%-57.4pp

Employer contribution / active EE

$1,151

$692+66.3%

$1,084+6.1%

$2,440-52.8%

Participant deferral / active EE

$2,290

$1,272+80.1%

$1,962+16.7%

$3,608-36.5%

Admin fee / account holder

$1,046

$2,125-50.8%

$3,335-68.6%

$5,124-79.6%

MCENANEY ENTERPRISES LLC 401(K) PROFIT SHARING PLAN #2

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCENANEY ENTERPRISES LLC 401(K) PROFIT SHARING PLAN #2

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