Retirement plan

MURPHY RIGGING ELM STREET SAVINGS PLAN

Name: MURPHY RIGGING AND ERECTING, INC. - MURPHY RIGGING ELM STREET SAVINGS PLAN (2017) Form 5500
Creator: MURPHY RIGGING AND ERECTING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MURPHY RIGGING ELM STREET SAVINGS PLAN, MURPHY RIGGING AND ERECTING, INC.

MURPHY RIGGING AND ERECTING, INC.EIN 41-0911394Plan #001PY 2017

701 24TH AVE. SE - MINNEAPOLIS, MN 55414612-623-1216murphyrigging.comLinkedIn1-10 employees

Other plans on this EIN

1 filing

#002Retirement-$546K assets

Prospect flagsHigh feesLow participationHigh assets / participant

How to read this page

Total assets (EOY)

$515K

-10.5% from 2016

Total participants

-50.0% from 2016

Average account balance

$514,719

+78.9% from 2016

Annual return

13.91%

+8.06 pp from 2016

Benchmarks

See 37,231 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort37,231 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$601K

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

109.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$125K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+17.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$251

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 codes2E2F2G2J2T3B3D

Plan features

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$177K

$88277 / participant

Other / not subdivided$177K100.0%

% of EOY assets

34.301%

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

$514,719

$106,003+385.6%

$92,236+458.0%

$147,585+248.8%

Participation rate

50.0%

80.4%-30.4pp

76.5%-26.5pp

82.8%-32.8pp

Annual return

13.91%

50.05%-36.1pp

176.29%-162.4pp

578.57%-564.7pp

Employer contribution / active EE

$4,196

$4,333-3.2%

$3,679+14.0%

$4,876-14.0%

Participant deferral / active EE

$12,818

$4,478+186.2%

$3,897+228.9%

$5,439+135.7%

Admin fee / account holder

$176,553

$6,333+2688.0%

$5,194+3299.3%

$10,885+1521.9%

MURPHY RIGGING ELM STREET SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MURPHY RIGGING ELM STREET 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