Retirement plan

MCCLELLAND SOUND, INC. PROFIT SHARING PLAN

Name: MCCLELLAND SOUND, INC. - MCCLELLAND SOUND, INC. PROFIT SHARING PLAN (2020) Form 5500
Creator: MCCLELLAND SOUND, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCCLELLAND SOUND, INC. PROFIT SHARING PLAN, MCCLELLAND SOUND, INC.

MCCLELLAND SOUND, INC.EIN 48-0632949Plan #001PY 2020

345 N. OHIO - WICHITA, KS 67214316-265-8686macsound.comLinkedIn11-50 employeesconsumer electronics

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$2.9M

-2.0% from 2019

Total participants

-5.3% from 2019

Average account balance

$171,989

-2.0% from 2019

Annual return

5.22%

-3.63 pp from 2019

Benchmarks

See 7,940 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort7,940 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.13M

Not enough data

1 years with asset history on file

Average account balance

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

$165K

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.

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

$176K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+19.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5243

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E3D2J

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$402K

$22323 / participant

Other / not subdivided$402K100.0%

% of EOY assets

13.743%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$171,989

$121,677+41.3%

$104,625+64.4%

$158,966+8.2%

Participation rate

94.4%

77.5%+16.9pp

74.1%+20.4pp

82.0%+12.5pp

Annual return

5.22%

465.58%-460.4pp

340.60%-335.4pp

302.95%-297.7pp

Employer contribution / active EE

$6,084

$3,165+92.2%

$2,681+126.9%

$4,762+27.7%

Participant deferral / active EE

$3,038

$4,175-27.2%

$3,738-18.7%

$5,983-49.2%

Admin fee / account holder

$23,637

$7,777+203.9%

$6,465+265.6%

$11,250+110.1%

MCCLELLAND SOUND, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCCLELLAND SOUND, INC. PROFIT SHARING 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