Retirement plan

MAGLEBY PROFESSIONAL SERVICES 401K PLAN

Name: MAGLEBY PROFESSIONAL SERVICES - MAGLEBY PROFESSIONAL SERVICES 401K PLAN (2017) Form 5500
Creator: MAGLEBY PROFESSIONAL SERVICES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAGLEBY PROFESSIONAL SERVICES 401K PLAN, MAGLEBY PROFESSIONAL SERVICES

MAGLEBY PROFESSIONAL SERVICESEIN 36-4718707Plan #001PY 2017

1291 W CENTER STREET - LINDON, UT 84042801-785-9998LinkedIn51-200 employeesconstruction

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$1.6M

+53.4% from 2016

Total participants

151

+9.4% from 2016

Average account balance

$14,064

+54.7% from 2016

Annual return

134.74%

+125.95 pp from 2016

Benchmarks

See 2,582 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,582 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.69M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

160

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.

92.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+11.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$282

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 1 by compensation

Provider	Service type	Compensation
EPIC RETIREMENT PLAN SERVICES1 year Filed as: THE RETIREMENT PLAN COMPANY Service code 51 · EIN 38-3712991	Investment Mgmt Fees	$15,126

Plan features & details

Pension benefit codes2E2K2G2J2S2T3B3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$19K

$150 / participant

Investment mgmt$3K18.3%
Other / not subdivided$15K81.7%

% of EOY assets

1.156%

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: ANDERSON BRADSHAW PLLC
Auditor EIN: 455533242
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,064

$58,726-76.1%

$92,240-84.8%

$62,293-77.4%

Participation rate

71.2%

68.3%+2.9pp

76.5%-5.3pp

69.5%+1.7pp

Annual return

134.74%

43.62%+91.1pp

176.29%-41.6pp

28.90%+105.8pp

Employer contribution / active EE

$1,354

$2,392-43.4%

$3,680-63.2%

$2,042-33.7%

Participant deferral / active EE

$2,672

$2,766-3.4%

$3,897-31.4%

$3,169-15.7%

Admin fee / account holder

$163

$556-70.8%

$5,194-96.9%

$479-66.1%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES1 year

Filed as: THE RETIREMENT PLAN COMPANY

Service code 51 · EIN 38-3712991

Investment Mgmt Fees

$15,126

MAGLEBY PROFESSIONAL SERVICES 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAGLEBY PROFESSIONAL SERVICES 401K 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