Retirement plan

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

Name: RICHARD MCNAY, INC. - RICHARD MCNAY, INC. 401(K) PROFIT SHARING PLAN (2024) 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 2024

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

Prospect flagsLow returnsLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$8.1M

+12.6% from 2023

Total participants

182

-18.4% from 2023

Average account balance

$47,393

+38.9% from 2023

Annual return

0.77%

-3.47 pp from 2023

Benchmarks

See 1,233 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,233 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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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

See the 9-year trajectory. $4.99 for your first month.

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
BENEFIT PLANS ADMIN SERVICES, INC.1 year Filed as: BENEFIT PLANS PLUS LLC Service code 13 · EIN 43-1829594 11701 BORMAN DRIVE, SUITE 300 · ST. LOUIS, MO 63146	Contract Administrator	$13,830
BANKERS TRUST COMPANY4 years Filed as: TI-TRUST, INC. Service code 21 · EIN 20-1171923	Bank Trustee	$1,830
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$418
ASCENSUS LLC4 years Filed as: ASCENSUS Service code 13	Contract Administrator	$0
BENEFIT PLANS ADMIN SERVICES, INC.1 year Filed as: BENEFIT PLANS PLUS, LLC Service code 13	Contract Administrator	$0
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 · EIN 04-1590850 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$0
WADE STABLES P.C.4 years Service code 10 · EIN 43-1498457	Accounting	$0

Plan features & details

Pension benefit codes2E2F2J2K2T3D3H

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.
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.
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$14K

$94 / participant

Contract admin$14K100.0%

% of EOY assets

0.174%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

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

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,393

$54,517-13.1%

$75,972-37.6%

$74,495-36.4%

Participation rate

92.7%

60.3%+32.3pp

69.1%+23.6pp

67.2%+25.5pp

Annual return

0.77%

31.82%-31.1pp

359.55%-358.8pp

1364.94%-1364.2pp

Employer contribution / active EE

$202

$1,777-88.6%

$2,685-92.5%

$2,623-92.3%

Participant deferral / active EE

$601

$3,066-80.4%

$4,255-85.9%

$4,346-86.2%

Admin fee / account holder

$83

$2,229-96.3%

$6,467-98.7%

$1,942-95.7%

Provider

Service type

Compensation

BENEFIT PLANS ADMIN SERVICES, INC.1 year

Filed as: BENEFIT PLANS PLUS LLC

Service code 13 · EIN 43-1829594

11701 BORMAN DRIVE, SUITE 300 · ST. LOUIS, MO 63146

Contract Administrator

$13,830

BANKERS TRUST COMPANY4 years

Filed as: TI-TRUST, INC.

Service code 21 · EIN 20-1171923

Bank Trustee

$1,830

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$418

ASCENSUS LLC4 years

Filed as: ASCENSUS

Service code 13

Contract Administrator

BENEFIT PLANS ADMIN SERVICES, INC.1 year

Filed as: BENEFIT PLANS PLUS, LLC

Service code 13

Contract Administrator

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28 · EIN 04-1590850

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

WADE STABLES P.C.4 years

Service code 10 · EIN 43-1498457

Accounting

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