Retirement plan

THE MCGRAW GROUP OF AFFILIATED COMPANIES 401(K) PLAN

Name: MCGRAW INSURANCE SERVICES, LP - THE MCGRAW GROUP OF AFFILIATED COMPANIES 401(K) PLAN (2022) Form 5500
Creator: MCGRAW INSURANCE SERVICES, LP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE MCGRAW GROUP OF AFFILIATED COMPANIES 401(K) PLAN, MCGRAW INSURANCE SERVICES, LP

MCGRAW INSURANCE SERVICES, LPEIN 47-2574722Plan #004PY 2022

5515 E. LA PALMA AVE., SUITE 150 - ANAHEIM, CA 92807657-221-4889LinkedIn201-500 employeesinsurance

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$25.7M

-14.1% from 2021

Total participants

286

+1.1% from 2021

Average account balance

$94,167

-15.7% from 2021

Annual return

-17.46%

-33.88 pp from 2021

Benchmarks

See 2,166 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,166 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$36.10M

Not enough data

1 years with asset history on file

Average account balance

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

$137K

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.

263

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.

90.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.91M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+14.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$39

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

See the 9-year trajectory. $4.99 for your first month.

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.7+ years Service code 13 · EIN 27-2037969	Contract Administrator	$11,867

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3B3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$12K

$58 / participant

Contract admin$12K100.0%

% of EOY assets

0.046%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: JLK ROSENBERGER, LLP
Auditor EIN: 271532099
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$94,167

$102,553-8.2%

$151,611-37.9%

$66,914+40.7%

Participation rate

93.6%

85.5%+8.1pp

87.5%+6.1pp

69.8%+23.8pp

Annual return

-17.46%

-10.82%-6.6pp

3.33%-20.8pp

1.58%-19.0pp

Employer contribution / active EE

$4,347

$4,180+4.0%

$6,166-29.5%

$2,544+70.8%

Participant deferral / active EE

$8,638

$6,641+30.1%

$8,363+3.3%

$4,237+103.9%

Admin fee / account holder

$43

$630-93.1%

$11,616-99.6%

$593-92.7%

Provider

Service type

Compensation

NEWPORT GROUP, INC.7+ years

Service code 13 · EIN 27-2037969

Contract Administrator

$11,867

THE MCGRAW GROUP OF AFFILIATED COMPANIES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE MCGRAW GROUP OF AFFILIATED COMPANIES 401(K) 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