Retirement plan

RICHARD MCNAY, INC. 401(K) PROFIT SHARING PLAN

Name: RICHARD MCNAY, INC. - RICHARD MCNAY, INC. 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: RICHARD MCNAY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RICHARD MCNAY, INC. 401(K) PROFIT SHARING PLAN, RICHARD MCNAY, INC.

RICHARD MCNAY, INC.EIN 37-1027643Plan #001PY 2019

700 N. SECOND - QUINCY, IL 62301217-222-0248LinkedIn51-200 employeesrailroad manufacture

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$11.4M

+9.3% from 2018

Total participants

206

+6.2% from 2018

Average account balance

$96,730

+4.7% from 2018

Annual return

10.27%

+5.14 pp from 2018

Benchmarks

See 1,095 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,095 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.10M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

171

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.

92.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$120K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$802

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

+0.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$83

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

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Service providers

Top 10 of 17 by compensation

Provider	Service type	Compensation
FIRST BANKERS TRUST SERVICES2 years Filed as: FIRST BANKERS TRUST SERVICES INC Service code 21 · EIN 20-1171923	Bank Trustee	$10,970
QUALIFIED PLANS, LLC4+ years Filed as: QUALIFIED PLANS LLC Service code 13	Contract Administrator	$10,751
WADE STABLES P.C.3 years Filed as: WADE STABLES PC Service code 10 · EIN 43-1498457	Accounting	$5,800
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$3,877
AMERICAN FUNDS1 year Filed as: AMERICA FUNDS Service code 52	Indirect Investment Fees	$0
AMERICAN FUNDS2 years Service code 52 · EIN 94-6050854	Indirect Investment Fees	$0
FRANKLIN TEMPLETON2 years Service code 52 · EIN 59-6865210	Indirect Investment Fees	$0
INVESCO2 years Service code 52 · EIN 84-0933032	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY2 years Filed as: JP MORGAN Service code 52 · EIN 26-3613641	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSCHUSETTS MUTUA LIFE INS CO Service code 72	Other investment fees and expenses	$0

Plan features & details

Pension benefit codes2E2F2J2T3D3H

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).
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$4K

$23 / participant

Contract admin$4K100.0%

% of EOY assets

0.034%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: WADE STABLES P.C.
Auditor EIN: 431498457
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$96,730

$47,922+101.8%

$75,900+27.4%

$65,186+48.4%

Participation rate

48.8%

63.0%-14.1pp

69.3%-20.4pp

70.2%-21.4pp

Annual return

10.27%

24.12%-13.9pp

30.73%-20.5pp

29.39%-19.1pp

Employer contribution / active EE

$536

$1,557-65.6%

$2,501-78.6%

$2,177-75.4%

Participant deferral / active EE

$1,568

$2,550-38.5%

$3,604-56.5%

$3,514-55.4%

Admin fee / account holder

$33

$532-93.8%

$5,421-99.4%

$847-96.1%

Provider

Service type

Compensation

FIRST BANKERS TRUST SERVICES2 years

Filed as: FIRST BANKERS TRUST SERVICES INC

Service code 21 · EIN 20-1171923

Bank Trustee

$10,970

QUALIFIED PLANS, LLC4+ years

Filed as: QUALIFIED PLANS LLC

Service code 13

Contract Administrator

$10,751

WADE STABLES P.C.3 years

Filed as: WADE STABLES PC

Service code 10 · EIN 43-1498457

Accounting

$5,800

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$3,877

AMERICAN FUNDS1 year

Filed as: AMERICA FUNDS

Service code 52

Indirect Investment Fees

AMERICAN FUNDS2 years

Service code 52 · EIN 94-6050854

Indirect Investment Fees

FRANKLIN TEMPLETON2 years

Service code 52 · EIN 59-6865210

Indirect Investment Fees

INVESCO2 years

Service code 52 · EIN 84-0933032

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY2 years

Filed as: JP MORGAN

Service code 52 · EIN 26-3613641

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSCHUSETTS MUTUA LIFE INS CO

Service code 72

Other investment fees and expenses

RICHARD MCNAY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RICHARD MCNAY, INC. 401(K) PROFIT SHARING 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