Retirement plan

MESSINA CONCRETE, INC. CASH BALANCE PLAN

Name: MESSINA CONCRETE, INC. - MESSINA CONCRETE, INC. CASH BALANCE PLAN (2019) Form 5500
Creator: MESSINA CONCRETE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MESSINA CONCRETE, INC. CASH BALANCE PLAN, MESSINA CONCRETE, INC.

MESSINA CONCRETE, INC.EIN 38-2279937Plan #003PY 2019

PO BOX 1173, 725 N. DIXIE HWY - MONROE, MI 48161734-241-8380messinaconcrete.comLinkedIn11-50 employeesconstruction

Other plans on this EIN

2 filings

#001Retirement-$447K assets #002Retirement-$260K assets

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$489K

+98.0% from 2018

Total participants

0.0% from 2018

Average account balance

No prior year

Annual return

6.18%

+6.18 pp from 2018

Benchmarks

See 404 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined benefit

Participants<25

Cohort404 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.17M

Not enough data

1 years with asset history on file

Average account balance

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

$117K

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

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$84K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+4.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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.

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1C

Plan features

1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).

Opportunity flags

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$1K

$242 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.297%

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

$114,874-100.0%

$94,563-100.0%

$254,542-100.0%

Participation rate

0.0%

30.8%-30.8pp

17.9%-17.9pp

47.4%-47.4pp

Annual return

6.18%

16.84%-10.7pp

16.32%-10.1pp

12.16%-6.0pp

Employer contribution / active EE

$37,833

$40,622-6.9%

$31,806+19.0%

$44,747-15.5%

Participant deferral / active EE

$133-100.0%

$211-100.0%

$170-100.0%

Admin fee / account holder

$17,640-100.0%

MESSINA CONCRETE, INC. CASH BALANCE PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MESSINA CONCRETE, INC. CASH BALANCE PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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