Retirement plan

MCRAE'S U.S. MAIL SERVICE, INC. 401(K) PLAN

Name: MCRAES U.S. MAIL SERVICE, INC. - MCRAE'S U.S. MAIL SERVICE, INC. 401(K) PLAN (2023) Form 5500
Creator: MCRAES U.S. MAIL SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCRAE'S U.S. MAIL SERVICE, INC. 401(K) PLAN, MCRAES U.S. MAIL SERVICE, INC.

MCRAES U.S. MAIL SERVICE, INC.EIN 39-1745087Plan #001PY 2023

PO BOX 275 - RICHFIELD, WI 53076414-316-9884

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$3.4M

+13.2% from 2022

Total participants

333

+0.3% from 2022

Average account balance

$10,348

+12.2% from 2022

Annual return

15.02%

+31.16 pp from 2022

Benchmarks

See 665 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort665 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.22M

Not enough data

1 years with asset history on file

Average account balance

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

$12K

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.

343

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.

93.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.32M

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

+10.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$191

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

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$22,706
ASSUREDPARTNERS CAPITAL INC1 year Filed as: ASSUREDPARTNERS CAPITAL INC. Service code 27 200 COLONIAL CENTER PKWY STE 140 · LAKE MARY, FL 32746	Advisory (Plan)	$13,992
PREMIER RETIREMENT PARTNERS3 years Service code 13 8040 EXCELSIOR DR STE 401 · MADISON, WI 53717	Contract Administrator	$10,891
ALLIANCE BENEFIT GROUP3 years Filed as: ALLIANCE BENEFIT GROUP WISCONSIN LL Service code 13 8040 EXCELSIOR DR STE 401 · MADISON, WI 53717	Contract Administrator	$6,387
BAS PARTNERS1 year Service code 10 15800 PINES BLVD STE 300 · PEMBROKE PINES, FL 33027	Accounting	$3,100
LEAFHOUSE FINANCIAL ADVISORS, LLC3 years Service code 27 6504 BRIDGE POINT PKWY STE 450 · AUSTIN, TX 78730	Advisory (Plan)	$1,520
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,303
IFP ADVISORS INC DBA INDEPENDENT FI3 years Service code 27 3030 N ROCKY POINT DR W STE 700 · TAMPA, FL 33607	Advisory (Plan)	$1,215

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$61K

$224 / participant

Recordkeeping$23K37.1%
Investment mgmt$18K29.5%
Contract admin$17K28.3%
Other / not subdivided$3K5.1%

% of EOY assets

1.791%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAS PARTNERS, LLC
Auditor EIN: 208779390
Audit fees: $3,100
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,348

$49,693-79.2%

$70,544-85.3%

$74,460-86.1%

Participation rate

98.9%

64.7%+34.2pp

68.4%+30.5pp

70.7%+28.2pp

Annual return

15.02%

21.22%-6.2pp

32.79%-17.8pp

34.38%-19.4pp

Employer contribution / active EE

$4,063

$1,773+129.1%

$2,976+36.5%

$2,638+54.0%

Participant deferral / active EE

$664

$3,376-80.3%

$4,568-85.5%

$4,530-85.3%

Admin fee / account holder

$185

$316-41.3%

$6,427-97.1%

$348-46.7%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$22,706

ASSUREDPARTNERS CAPITAL INC1 year

Filed as: ASSUREDPARTNERS CAPITAL INC.

Service code 27

200 COLONIAL CENTER PKWY STE 140 · LAKE MARY, FL 32746

Advisory (Plan)

$13,992

PREMIER RETIREMENT PARTNERS3 years

Service code 13

8040 EXCELSIOR DR STE 401 · MADISON, WI 53717

Contract Administrator

$10,891

ALLIANCE BENEFIT GROUP3 years

Filed as: ALLIANCE BENEFIT GROUP WISCONSIN LL

Service code 13

8040 EXCELSIOR DR STE 401 · MADISON, WI 53717

Contract Administrator

$6,387

BAS PARTNERS1 year

Service code 10

15800 PINES BLVD STE 300 · PEMBROKE PINES, FL 33027

Accounting

$3,100

LEAFHOUSE FINANCIAL ADVISORS, LLC3 years

Service code 27

6504 BRIDGE POINT PKWY STE 450 · AUSTIN, TX 78730

Advisory (Plan)

$1,520

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,303

IFP ADVISORS INC DBA INDEPENDENT FI3 years

Service code 27

3030 N ROCKY POINT DR W STE 700 · TAMPA, FL 33607

Advisory (Plan)

$1,215

MCRAE'S U.S. MAIL SERVICE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCRAE'S U.S. MAIL SERVICE, INC. 401(K) 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