Retirement plan

MCNALLY ELEVATOR COMPANY PROFIT SHARING & SAVINGS PLAN

Name: MCNALLY ELEVATOR COMPANY INC. - MCNALLY ELEVATOR COMPANY PROFIT SHARING & SAVINGS PLAN (2023) Form 5500
Creator: MCNALLY ELEVATOR COMPANY INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCNALLY ELEVATOR COMPANY PROFIT SHARING & SAVINGS PLAN, MCNALLY ELEVATOR COMPANY INC.

MCNALLY ELEVATOR COMPANY INC.EIN 38-1893613Plan #002PY 2023

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.2M

+18.3% from 2022

Total participants

+13.3% from 2022

Average account balance

$69,250

+10.9% from 2022

Annual return

14.25%

+28.62 pp from 2022

Benchmarks

See 18,037 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,037 peers

Snapshot2023

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

$282K

$8557 / participant

Other / not subdivided$282K100.0%

% of EOY assets

12.742%

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

$69,250

$73,978-6.4%

$96,515-28.2%

$75,173-7.9%

Participation rate

93.9%

66.4%+27.5pp

74.3%+19.6pp

67.2%+26.7pp

Annual return

14.25%

26.72%-12.5pp

35.73%-21.5pp

160.72%-146.5pp

Employer contribution / active EE

$5,292

$2,931+80.6%

$3,740+41.5%

$2,671+98.1%

Participant deferral / active EE

$5,391

$3,660+47.3%

$4,880+10.5%

$4,126+30.7%

Admin fee / account holder

$8,824

$5,219+69.1%

$6,735+31.0%

$5,651+56.2%

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