Retirement plan

MEL STEVENSON AND ASSOCIATES INC 401K PLAN

Name: MEL STEVENSON AND ASSOCIATES INC - MEL STEVENSON AND ASSOCIATES INC 401K PLAN (2021) Form 5500
Creator: MEL STEVENSON AND ASSOCIATES INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEL STEVENSON AND ASSOCIATES INC 401K PLAN, MEL STEVENSON AND ASSOCIATES INC

MEL STEVENSON AND ASSOCIATES INCEIN 43-1369879Plan #003PY 2021

2840 ROE LANE - KANSAS CITY, KS 66103913-384-0804LinkedIn501-1000 employeescomputer software

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$40.9M

+13.9% from 2020

Total participants

477

-4.2% from 2020

Average account balance

$102,527

+19.0% from 2020

Annual return

13.67%

-2.36 pp from 2020

Benchmarks

See 1,276 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,276 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$47.58M

Not enough data

1 years with asset history on file

Average account balance

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

$92K

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.

518

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

$3.17M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$173

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 10 of 15 by compensation

Provider	Service type	Compensation
SUMMIT FINANCIAL CORPORATION2 years Filed as: SUMMIT BROKERAGE SERVICES INC. Service code 27 · EIN 59-2998483	Advisory (Plan)	$26,991
COMPENSATION BENEFIT PLANNING, INC.7+ years Service code 13 · EIN 43-1021898 3552 NE RALPH POWELL RD · LEES SUMMIT, MO 64064	Contract Administrator	$24,202
MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$22,277
CETERA ADVISOR NETWORKS LLC1 year Service code 27 · EIN 95-3845382	Advisory (Plan)	$16,113
MAYER HOFFMAN MCCANN P.C.1 year Filed as: MAYER HOFFMAN MCCANN, PC Service code 10 · EIN 43-1947695	Accounting	$15,000
COMPENSATION BENEFIT PLANNING, INC.3 years Filed as: COMPENSATION BENEFITS PLANNING, INC Service code 14	Plan Administrator	$45
AMERICAN CENTURY5 years Service code 52 · EIN 44-6006315	Indirect Investment Fees	$0
AMERICAN FUNDS5 years Service code 52 · EIN 94-6050854	Indirect Investment Fees	$0
DELAWARE INVESTMENTS5 years Service code 52 · EIN 23-2651520	Indirect Investment Fees	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC6 years Service code 27 · EIN 61-1732930	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$101K

$249 / participant

Other / not subdivided$101K100.0%

% of EOY assets

0.248%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MAYER HOFFMAN MCCANN PC
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$102,527

$86,225+18.9%

$146,647-30.1%

$86,821+18.1%

Participation rate

80.8%

78.0%+2.8pp

80.1%+0.7pp

72.3%+8.5pp

Annual return

13.67%

31.23%-17.6pp

22.75%-9.1pp

97.94%-84.3pp

Employer contribution / active EE

$2,993

$2,392+25.1%

$4,137-27.7%

$2,406+24.4%

Participant deferral / active EE

$3,573

$4,245-15.8%

$5,506-35.1%

$4,132-13.5%

Admin fee / account holder

$254

$195+29.9%

$10,281-97.5%

$170+49.7%

Provider

Service type

Compensation

SUMMIT FINANCIAL CORPORATION2 years

Filed as: SUMMIT BROKERAGE SERVICES INC.

Service code 27 · EIN 59-2998483

Advisory (Plan)

$26,991

COMPENSATION BENEFIT PLANNING, INC.7+ years

Service code 13 · EIN 43-1021898

3552 NE RALPH POWELL RD · LEES SUMMIT, MO 64064

Contract Administrator

$24,202

MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$22,277

CETERA ADVISOR NETWORKS LLC1 year

Service code 27 · EIN 95-3845382

Advisory (Plan)

$16,113

MAYER HOFFMAN MCCANN P.C.1 year

Filed as: MAYER HOFFMAN MCCANN, PC

Service code 10 · EIN 43-1947695

Accounting

$15,000

COMPENSATION BENEFIT PLANNING, INC.3 years

Filed as: COMPENSATION BENEFITS PLANNING, INC

Service code 14

Plan Administrator

$45

AMERICAN CENTURY5 years

Service code 52 · EIN 44-6006315

Indirect Investment Fees

AMERICAN FUNDS5 years

Service code 52 · EIN 94-6050854

Indirect Investment Fees

DELAWARE INVESTMENTS5 years

Service code 52 · EIN 23-2651520

Indirect Investment Fees

ENVESTNET RETIREMENT SOLUTIONS, LLC6 years

Service code 27 · EIN 61-1732930

Advisory (Plan)

MEL STEVENSON AND ASSOCIATES INC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEL STEVENSON AND ASSOCIATES INC 401K 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