Retirement plan

MCGRAW ENTERPRISES INC 401K PLAN & TRUST

Name: MCGRAW ENTERPRISES INC - MCGRAW ENTERPRISES INC 401K PLAN & TRUST (2020) Form 5500
Creator: MCGRAW ENTERPRISES INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCGRAW ENTERPRISES INC 401K PLAN & TRUST, MCGRAW ENTERPRISES INC

MCGRAW ENTERPRISES INCEIN 37-1070316Plan #002PY 2020

6450 S. 6TH STREET ROAD, SUITE A - SPRINGFIELD, IL 62712217-726-1450mcgrawmcdonalds.comLinkedIn201-500 employees

Prospect flagsHigh feesLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$4M

+15.2% from 2019

Total participants

210

-17.3% from 2019

Average account balance

$56,303

+28.2% from 2019

Annual return

17.52%

-4.00 pp from 2019

Benchmarks

See 881 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort881 peers

Snapshot2020

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$3.65M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

45.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$136K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+11.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2772

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
TROXELL FINANCIAL1 year Filed as: CRUMLY & ASSOCIATES DPA TROXELL FIN Service code 27 · EIN 27-4418309 214 S. GRAND AVE · SPRINGFIELD, IL 62704	Advisory (Plan)	$16,693
TRANSAMERICA RETIREMENT SOLUTIONS6+ years Service code 15 · EIN 31-1281022	Recordkeeping	$11,449
BLUESTAR RETIREMENT SERVICES1 year Service code 12 · EIN 59-3092339 822 A1A N · PONTE VEDRA BEACH, FL 32082	Other services; Participant communica...	$2,869
BENEFIT PLANNING CONSULTANTS6+ years Filed as: BENEFIT PLANNING CONSULTANTS INC Service code 15 · EIN 36-3036100	Recordkeeping	$2,111
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009	Securities Custodian	$55

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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).
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.
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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$28K

$136 / participant

Other / not subdivided$28K100.0%

% of EOY assets

0.692%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: KERBER, ECK & BRAECKEL
Auditor EIN: 430352985
Audit fees: (not subdivided)
Opinion code: Disclaimer

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,303

$35,986+56.5%

$77,482-27.3%

$73,488-23.4%

Participation rate

31.9%

40.8%-9.0pp

54.2%-22.3pp

70.7%-38.8pp

Annual return

17.52%

19.26%-1.7pp

54.79%-37.3pp

28.51%-11.0pp

Employer contribution / active EE

$459

$557-17.7%

$986-53.5%

$2,270-79.8%

Participant deferral / active EE

$774

$1,198-35.3%

$1,861-58.4%

$3,740-79.3%

Admin fee / account holder

$390

$466-16.3%

$2,858-86.4%

$513-24.0%

Provider

Service type

Compensation

TROXELL FINANCIAL1 year

Filed as: CRUMLY & ASSOCIATES DPA TROXELL FIN

Service code 27 · EIN 27-4418309

214 S. GRAND AVE · SPRINGFIELD, IL 62704

Advisory (Plan)

$16,693

TRANSAMERICA RETIREMENT SOLUTIONS6+ years

Service code 15 · EIN 31-1281022

Recordkeeping

$11,449

BLUESTAR RETIREMENT SERVICES1 year

Service code 12 · EIN 59-3092339

822 A1A N · PONTE VEDRA BEACH, FL 32082

Other services; Participant communica...

$2,869

BENEFIT PLANNING CONSULTANTS6+ years

Filed as: BENEFIT PLANNING CONSULTANTS INC

Service code 15 · EIN 36-3036100

Recordkeeping

$2,111

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 42-1558009

Securities Custodian

$55

MCGRAW ENTERPRISES INC 401K PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCGRAW ENTERPRISES INC 401K PLAN & TRUST

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