Retirement plan

THE MAZZELLA COMPANIES SAVINGS & RETIREMENT PLAN

Name: MAZ SHARED MANAGEMENT COMPANY, LLC - THE MAZZELLA COMPANIES SAVINGS & RETIREMENT PLAN (2023) Form 5500
Creator: MAZ SHARED MANAGEMENT COMPANY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE MAZZELLA COMPANIES SAVINGS & RETIREMENT PLAN, MAZ SHARED MANAGEMENT COMPANY, LLC

MAZ SHARED MANAGEMENT COMPANY, LLCEIN 45-2600873Plan #001PY 2023

21000 AEROSPACE PARKWAY - CLEVELAND, OH 44142440-239-7000

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$51.4M

+20.3% from 2022

Total participants

1,071

+23.0% from 2022

Average account balance

$51,699

-5.0% from 2022

Annual return

16.12%

+31.19 pp from 2022

Benchmarks

See 2,423 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,423 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$60.19M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

1,176

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.

92.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.61M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+15.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$308

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
CREATIVE PLANNING LLC9+ years Filed as: CREATIVE PLANNING SERVICES, INC. Service code 27 3400 COLLEGE BLVD. · LEAWOOD, KS 66211	Advisory (Plan)	$211,667
NEWPORT GROUP, INC.8 years Service code 15 · EIN 27-2037969	Recordkeeping	$74,868
NEWPORT GROUP, INC.5 years Filed as: NEWPORT TRUST COMPANY Service code 20 · EIN 27-4411131	Trustee (bank, trust company, or simi...	$13,270

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3F3H

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.
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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$300K

$328 / participant

Recordkeeping$24K7.9%
Trustee / custodial$13K4.4%
Investment mgmt$212K70.6%
Contract admin$51K17.1%

% of EOY assets

0.583%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MARCUM LLP
Auditor EIN: 111986323
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,699

$99,168-47.9%

$96,534-46.4%

$74,460-30.6%

Participation rate

91.7%

80.7%+11.0pp

76.0%+15.7pp

70.7%+20.9pp

Annual return

16.12%

22.40%-6.3pp

25.88%-9.8pp

34.38%-18.3pp

Employer contribution / active EE

$2,290

$2,570-10.9%

$2,965-22.8%

$2,638-13.2%

Participant deferral / active EE

$4,765

$4,936-3.5%

$4,851-1.8%

$4,530+5.2%

Admin fee / account holder

$301

$225+34.0%

$8,253-96.3%

$348-13.4%

Provider

Service type

Compensation

CREATIVE PLANNING LLC9+ years

Filed as: CREATIVE PLANNING SERVICES, INC.

Service code 27

3400 COLLEGE BLVD. · LEAWOOD, KS 66211

Advisory (Plan)

$211,667

NEWPORT GROUP, INC.8 years

Service code 15 · EIN 27-2037969

Recordkeeping

$74,868

NEWPORT GROUP, INC.5 years

Filed as: NEWPORT TRUST COMPANY

Service code 20 · EIN 27-4411131

Trustee (bank, trust company, or simi...

$13,270

THE MAZZELLA COMPANIES SAVINGS & RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE MAZZELLA COMPANIES SAVINGS & RETIREMENT 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