Retirement plan

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

Name: RICHARD MCNAY, INC. - RICHARD MCNAY, INC. 401(K) PROFIT SHARING PLAN (2021) 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 2021

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

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$15.2M

+26.2% from 2020

Total participants

220

+1.4% from 2020

Average account balance

$73,957

-18.5% from 2020

Annual return

25.66%

+23.16 pp from 2020

Benchmarks

See 1,069 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,069 peers

Snapshot2021

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 15 by compensation

Provider	Service type	Compensation
BANKERS TRUST COMPANY1 year Filed as: TI-TRUST, INC. Service code 10 · EIN 20-1171923	Accounting	$18,765
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 49 · EIN 04-1590850	Other Services	$9,158
WADE STABLES P.C.1 year Service code 10 · EIN 43-1498457	Accounting	$7,525
FUTURE PLAN CONSULTING - FORT WAYNE1 year Filed as: FUTURE PLAN CONSULTING-FORT WAYNE Service code 13 · EIN 11-3665754	Contract Administrator	$5,948
BANKERS TRUST COMPANY1 year Filed as: TI-TRUST Service code 21 · EIN 20-1171923	Bank Trustee	$4,125
ASCENSUS LLC1 year Filed as: ASCENSUS Service code 13 · EIN 82-3719843	Contract Administrator	$2,766
ASCENSUS LLC1 year Filed as: ASCENSUS, LLC Service code 15 · EIN 82-3719843	Recordkeeping	$1,565
QUALIFIED PLANS, LLC6+ years Filed as: QUALIFIED PLANS LLC Service code 15 · EIN 58-2605083	Recordkeeping	$1,565
AMERICAN FUNDS4 years Service code 52 · EIN 94-6050854	Indirect Investment Fees	$0
FRANKLIN TEMPLETON4 years Service code 52 · EIN 59-6865210	Indirect Investment Fees	$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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$30K

$178 / participant

Investment mgmt$9K29.6%
Contract admin$21K70.4%

% of EOY assets

0.194%

all-in expense ratio

Categories reported

2 / 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

$73,957

$60,788+21.7%

$85,705-13.7%

$79,389-6.8%

Participation rate

91.6%

62.1%+29.4pp

69.9%+21.7pp

70.7%+20.9pp

Annual return

25.66%

16.57%+9.1pp

21.49%+4.2pp

116.89%-91.2pp

Employer contribution / active EE

$1,072

$1,664-35.6%

$2,619-59.1%

$2,428-55.8%

Participant deferral / active EE

$2,497

$2,920-14.5%

$3,924-36.4%

$4,046-38.3%

Admin fee / account holder

$144

$439-67.3%

$6,877-97.9%

$626-77.1%

Provider

Service type

Compensation

BANKERS TRUST COMPANY1 year

Filed as: TI-TRUST, INC.

Service code 10 · EIN 20-1171923

Accounting

$18,765

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 49 · EIN 04-1590850

Other Services

$9,158

WADE STABLES P.C.1 year

Service code 10 · EIN 43-1498457

Accounting

$7,525

FUTURE PLAN CONSULTING - FORT WAYNE1 year

Filed as: FUTURE PLAN CONSULTING-FORT WAYNE

Service code 13 · EIN 11-3665754

Contract Administrator

$5,948

BANKERS TRUST COMPANY1 year

Filed as: TI-TRUST

Service code 21 · EIN 20-1171923

Bank Trustee

$4,125

ASCENSUS LLC1 year

Filed as: ASCENSUS

Service code 13 · EIN 82-3719843

Contract Administrator

$2,766

ASCENSUS LLC1 year

Filed as: ASCENSUS, LLC

Service code 15 · EIN 82-3719843

Recordkeeping

$1,565

QUALIFIED PLANS, LLC6+ years

Filed as: QUALIFIED PLANS LLC

Service code 15 · EIN 58-2605083

Recordkeeping

$1,565

AMERICAN FUNDS4 years

Service code 52 · EIN 94-6050854

Indirect Investment Fees

FRANKLIN TEMPLETON4 years

Service code 52 · EIN 59-6865210

Indirect Investment Fees

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