Retirement plan

MONOGRAM FOOD SOLUTIONS 401(K) PLAN

Name: MONOGRAM MANAGEMENT SERVICES, INC. - MONOGRAM FOOD SOLUTIONS 401(K) PLAN (2015) Form 5500
Creator: MONOGRAM MANAGEMENT SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MONOGRAM FOOD SOLUTIONS 401(K) PLAN, MONOGRAM MANAGEMENT SERVICES, INC.

MONOGRAM MANAGEMENT SERVICES, INC.EIN 45-3115232Plan #001PY 2015

530 OAK COURT DRIVE, SUITE 400 - MEMPHIS, TN 38117901-685-7167

Prospect flagsLow participation

Top hat statement on fileNQDC

Filed March 1, 2024

Plan administrator

Plan administrator name— Sign in and upgrade to view

530 Oak Court Drive, Suite 400

Memphis, TN 38117

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (1)

Monogram Management Services, Inc. Nonqualified Deferred Compensation Plan2 emp

Open the filing PDF

How to read this page

Total assets (EOY)

$10M

No prior year

Total participants

1,365

No prior year

Average account balance

$13,280

No prior year

Annual return

3.66%

No prior year

Benchmarks

See 281 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort281 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$62.58M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

1,799

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.

47.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.70M

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

+14.07%

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 5 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION1+ years Service code 13 · EIN 35-0472300 P.O. BOX 7877 · FORT WAYNE, IN 46802	Contract Administrator	$92,229
LEGACY WEALTH MANAGEMENT1+ years Filed as: LEGACY WEALTH MANAGEMENT, INC. Service code 27 · EIN 62-1132313 4340 REDWOOD HWY, SUITE B-60 · SAN RAFAEL, CA 94903	Advisory (Plan)	$32,988
BURLEIGH CONSULTING GROUP1+ years Service code 16 · EIN 62-0842964 465 JACK KRAMER DRIVE · MEMPHIS, TN 38117	Consulting	$29,538
CBIZ RETIREMENT PLAN SERVICES1+ years Filed as: MEMPHIS CBIZ Service code 10 · EIN 43-1947695 25793 NETWORK PLACE · CHICAGO, IL 60673	Accounting	$9,850
ALPHAGRAPHICS1+ years Service code 38 · EIN 30-0169515 788 E. BROOKHAVEN CIRCLE · MEMPHIS, TN 38117	Participant Communication	$5,316

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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.
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

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

$132K

$109 / participant

Other / not subdivided$132K100.0%

% of EOY assets

1.328%

all-in expense ratio

Categories reported

0 / 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: MAYER HOFFMAN MCCANN P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,280

$21,965-39.5%

$59,496-77.7%

$59,188-77.6%

Participation rate

49.7%

32.6%+17.1pp

54.6%-4.9pp

69.4%-19.7pp

Annual return

3.66%

22.15%-18.5pp

182.05%-178.4pp

5.51%-1.8pp

Employer contribution / active EE

$642

$316+103.1%

$1,153-44.3%

$2,098-69.4%

Participant deferral / active EE

$1,075

$732+46.9%

$1,829-41.2%

$3,265-67.1%

Admin fee / account holder

$176

$74+137.1%

$2,232-92.1%

$92+91.2%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION1+ years

Service code 13 · EIN 35-0472300

P.O. BOX 7877 · FORT WAYNE, IN 46802

Contract Administrator

$92,229

LEGACY WEALTH MANAGEMENT1+ years

Filed as: LEGACY WEALTH MANAGEMENT, INC.

Service code 27 · EIN 62-1132313

4340 REDWOOD HWY, SUITE B-60 · SAN RAFAEL, CA 94903

Advisory (Plan)

$32,988

BURLEIGH CONSULTING GROUP1+ years

Service code 16 · EIN 62-0842964

465 JACK KRAMER DRIVE · MEMPHIS, TN 38117

Consulting

$29,538

CBIZ RETIREMENT PLAN SERVICES1+ years

Filed as: MEMPHIS CBIZ

Service code 10 · EIN 43-1947695

25793 NETWORK PLACE · CHICAGO, IL 60673

Accounting

$9,850

ALPHAGRAPHICS1+ years

Service code 38 · EIN 30-0169515

788 E. BROOKHAVEN CIRCLE · MEMPHIS, TN 38117

Participant Communication

$5,316

MONOGRAM FOOD SOLUTIONS 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MONOGRAM FOOD SOLUTIONS 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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