Retirement plan

MATRIX PARTNERS MANAGEMENT SERVICES, L. P. MONEY PURCHASE PENSION PLAN

Name: MATRIX PARTNERS MANAGEMENT SERVICES L.P. - MATRIX PARTNERS MANAGEMENT SERVICES, L. P. MONEY PURCHASE PENSION PLAN (2019) Form 5500
Creator: MATRIX PARTNERS MANAGEMENT SERVICES L.P.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MATRIX PARTNERS MANAGEMENT SERVICES, L. P. MONEY PURCHASE PENSION PLAN, MATRIX PARTNERS MANAGEMENT SERVICES L.P.

MATRIX PARTNERS MANAGEMENT SERVICES L.P.EIN 36-4496070Plan #002PY 2019

101 MAIN STREET, 17TH FLOOR - CAMBRIDGE, MA 021421519617-494-1223

Other plans on this EIN

1 filing

#001Retirement-$12.2M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.4M

+21.0% from 2018

Total participants

-8.7% from 2018

Average account balance

$210,232

+32.5% from 2018

Annual return

20.37%

+25.32 pp from 2018

Benchmarks

See 119,339 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort119,339 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.74M

Not enough data

1 years with asset history on file

Average account balance

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

$298K

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

$342K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+14.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4552

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 codes2C2F2G2R3B3D3H

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
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

$180K

$9463 / participant

Other / not subdivided$180K100.0%

% of EOY assets

4.073%

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

$210,232

$157,296+33.7%

$141,191+48.9%

$152,897+37.5%

Participation rate

100.0%

84.8%+15.2pp

82.5%+17.5pp

Annual return

20.37%

64.34%-44.0pp

71.41%-51.0pp

345.43%-325.1pp

Employer contribution / active EE

$10,590

$5,262+101.2%

$4,736+123.6%

$4,764+122.3%

Participant deferral / active EE

$7,111-100.0%

$6,710-100.0%

$5,851-100.0%

Admin fee / account holder

$8,562

$12,125-29.4%

$10,264-16.6%

$11,599-26.2%

MATRIX PARTNERS MANAGEMENT SERVICES, L. P. MONEY PURCHASE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MATRIX PARTNERS MANAGEMENT SERVICES, L. P. MONEY PURCHASE PENSION 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