Retirement plan

MFA EMPLOYEES THRIFT PLAN

Name: MFA INCORPORATED - MFA EMPLOYEES THRIFT PLAN (2015) Form 5500
Creator: MFA INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MFA EMPLOYEES THRIFT PLAN, MFA INCORPORATED

MFA INCORPORATEDEIN 43-0415080Plan #002PY 2015

201 RAY YOUNG DRIVE - COLUMBIA, MO 65201573-876-5310mfa-inc.comLinkedIn1001-5000 employeesfarming

Other plans on this EIN

1 filing

#006Retirement-$145.2M assets

Prospect flagsLow returnsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$113.3M

-8.3% from 2016

Total participants

4,055

+5.2% from 2016

Average account balance

$37,703

-5.9% from 2016

Annual return

-2.53%

-10.95 pp from 2016

Benchmarks

See 48 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants1,000-4,999

Cohort48 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$154.48M

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.

2,271

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.

84.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.39M

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

+15.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$118

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 4 by compensation

Provider	Service type	Compensation
CORRELL CO.1+ years Service code 13 · EIN 36-3492086	Contract Administrator	$95,680
ADP BROKER-DEALER1+ years Filed as: PENSION CONSULTANTS Service code 27 · EIN 43-1685158	Advisory (Plan)	$20,000
MFA INCORPORATED1+ years Service code 30 · EIN 43-0415080	Employee (plan)	$15,600
WILLIAMS KEEPERS LLC1+ years Service code 10 · EIN 43-1126847	Accounting	$7,600

Plan features & details

Pension benefit codes2E2J2K2S2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$139K

$40 / participant

Investment mgmt$52K37.5%
Other / not subdivided$87K62.5%

% of EOY assets

0.123%

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: WILLIAMS KEEPERS LLC
Auditor EIN: 431126847
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,703

$35,135+7.3%

$85,969-56.1%

$59,188-36.3%

Participation rate

69.7%

50.0%+19.6pp

76.5%-6.9pp

69.4%+0.2pp

Annual return

-2.53%

11.01%-13.5pp

9.32%-11.8pp

5.51%-8.0pp

Employer contribution / active EE

$586

$764-23.4%

$3,474-83.1%

$2,098-72.1%

Participant deferral / active EE

$2,247

$1,349+66.6%

$3,829-41.3%

$3,265-31.2%

Admin fee / account holder

$46

$152-69.5%

$6,053-99.2%

$92-49.9%

Provider

Service type

Compensation

CORRELL CO.1+ years

Service code 13 · EIN 36-3492086

Contract Administrator

$95,680

ADP BROKER-DEALER1+ years

Filed as: PENSION CONSULTANTS

Service code 27 · EIN 43-1685158

Advisory (Plan)

$20,000

MFA INCORPORATED1+ years

Service code 30 · EIN 43-0415080

Employee (plan)

$15,600

WILLIAMS KEEPERS LLC1+ years

Service code 10 · EIN 43-1126847

Accounting

$7,600

MFA EMPLOYEES THRIFT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MFA EMPLOYEES THRIFT 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