Retirement plan

MACKIN EDUCATIONAL RESOURCES 401(K) RETIREMENT SAVINGS PLAN

Name: MACKIN BOOK COMPANY - MACKIN EDUCATIONAL RESOURCES 401(K) RETIREMENT SAVINGS PLAN (2017) Form 5500
Creator: MACKIN BOOK COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MACKIN EDUCATIONAL RESOURCES 401(K) RETIREMENT SAVINGS PLAN, MACKIN BOOK COMPANY

MACKIN BOOK COMPANYEIN 41-1658426Plan #001PY 2017

3505 COUNTY ROAD 42 W - BURNSVILLE, MN 553063803952-895-9540

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$9.3M

+24.3% from 2016

Total participants

376

+8.4% from 2016

Average account balance

$60,819

+21.8% from 2016

Annual return

16.47%

+13.88 pp from 2016

Benchmarks

See 259 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort259 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.97M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

265

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.

42.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.88M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$187

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

Top 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$27,751
PRINCIPAL LIFE INSURANCE COMPANY1 year Filed as: PRINCIPAL SECURITIES INC Service code 49 · EIN 42-0941553	Other Services	$4,542
WILSHIRE ASSOCIATES INCORPORATED1 year Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$28K

$77 / participant

Contract admin$28K100.0%

% of EOY assets

0.298%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CLIFTONLARSONALLEN, LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,819

$43,411+40.1%

$94,993-36.0%

$69,631-12.7%

Participation rate

37.9%

64.4%-26.5pp

73.9%-36.0pp

70.7%-32.8pp

Annual return

16.47%

22.54%-6.1pp

27.14%-10.7pp

27571.02%-27554.6pp

Employer contribution / active EE

$680

$1,202-43.4%

$2,603-73.9%

$2,032-66.5%

Participant deferral / active EE

$1,654

$2,384-30.6%

$3,317-50.1%

$3,224-48.7%

Admin fee / account holder

$181

$87+107.8%

$4,960-96.3%

$110+64.2%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$27,751

PRINCIPAL LIFE INSURANCE COMPANY1 year

Filed as: PRINCIPAL SECURITIES INC

Service code 49 · EIN 42-0941553

Other Services

$4,542

WILSHIRE ASSOCIATES INCORPORATED1 year

Service code 27 · EIN 95-2755361

Advisory (Plan)

MACKIN EDUCATIONAL RESOURCES 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MACKIN EDUCATIONAL RESOURCES 401(K) RETIREMENT 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