Retirement plan

MCKAY NURSERY COMPANY 401(K) PROFIT SHARING PLAN

Name: MCKAY NURSERY COMPANY - MCKAY NURSERY COMPANY 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: MCKAY NURSERY COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCKAY NURSERY COMPANY 401(K) PROFIT SHARING PLAN, MCKAY NURSERY COMPANY

MCKAY NURSERY COMPANYEIN 39-0461240Plan #004PY 2022

750 S. MONROE STREET - WATERLOO, WI 53594920-478-2121mckaynursery.comLinkedIn51-200 employeesconsumer goods

Other plans on this EIN

1 filing

#003Retirement-$24.2M assets

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$816K

+23.5% from 2021

Total participants

148

+5.7% from 2021

Average account balance

$5,511

+16.8% from 2021

Annual return

-18.24%

-49.42 pp from 2021

Benchmarks

See 517 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort517 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.87M

Not enough data

1 years with asset history on file

Average account balance

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

$13K

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.

144

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

$371K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+21.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$24

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

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 codes2E2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.

Opportunity flags

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$3K

$27 / participant

Investment mgmt$3K100.0%

% of EOY assets

0.357%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WIPFLI LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$5,511

$62,715-91.2%

$104,299-94.7%

$66,949-91.8%

Participation rate

100.0%

59.6%+40.4pp

73.3%+26.7pp

69.8%+30.2pp

Annual return

-18.24%

-14.70%-3.5pp

24.62%-42.9pp

1.57%-19.8pp

Employer contribution / active EE

$1,406

$1,976-28.9%

$3,373-58.3%

$2,545-44.8%

Participant deferral / active EE

$1,256

$2,852-56.0%

$4,626-72.9%

$4,239-70.4%

Admin fee / account holder

$20

$657-97.0%

$7,339-99.7%

$594-96.7%

MCKAY NURSERY COMPANY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCKAY NURSERY COMPANY 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