Retirement plan

MCNALLY ELEVATOR COMPANY PROFIT SHARING & SAVINGS PLAN

Name: MCNALLY ELEVATOR COMPANY - MCNALLY ELEVATOR COMPANY PROFIT SHARING & SAVINGS PLAN (2020) Form 5500
Creator: MCNALLY ELEVATOR COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCNALLY ELEVATOR COMPANY PROFIT SHARING & SAVINGS PLAN, MCNALLY ELEVATOR COMPANY

MCNALLY ELEVATOR COMPANYEIN 38-1893613Plan #002PY 2020

223 W RANSOM ST - KALAMAZOO, MI 49007269-381-1860mcnallyelevator.comLinkedIn1-10 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.7M

+10.0% from 2019

Total participants

-4.0% from 2019

Average account balance

$112,956

+14.6% from 2019

Annual return

12.45%

-4.05 pp from 2019

Benchmarks

See 42,032 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort42,032 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.46M

Not enough data

1 years with asset history on file

Average account balance

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

$99K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$475K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+16.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8084

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

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$280K

$18692 / participant

Other / not subdivided$280K100.0%

% of EOY assets

10.342%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$112,956

$115,814-2.5%

$101,275+11.5%

$158,982-29.0%

Participation rate

100.0%

79.4%+20.6pp

75.8%+24.2pp

82.0%+18.0pp

Annual return

12.45%

56.16%-43.7pp

46.48%-34.0pp

302.99%-290.5pp

Employer contribution / active EE

$7,177

$4,176+71.9%

$3,660+96.1%

$4,763+50.7%

Participant deferral / active EE

$6,682

$4,958+34.8%

$4,371+52.9%

$5,983+11.7%

Admin fee / account holder

$11,682

$7,249+61.2%

$5,948+96.4%

$11,252+3.8%

MCNALLY ELEVATOR COMPANY PROFIT SHARING & SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCNALLY ELEVATOR COMPANY PROFIT SHARING & SAVINGS 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