Retirement plan

MERCER-ZIMMERMAN, INC. PROFIT SHARING 401(K) PLAN

Name: MERCER-ZIMMERMAN, INC. - MERCER-ZIMMERMAN, INC. PROFIT SHARING 401(K) PLAN (2024) Form 5500
Creator: MERCER-ZIMMERMAN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MERCER-ZIMMERMAN, INC. PROFIT SHARING 401(K) PLAN, MERCER-ZIMMERMAN, INC.

MERCER-ZIMMERMAN, INC.EIN 48-0761465Plan #001PY 2024

8981 BOND STREET - OVERLAND PARK, KS 66214913-438-4546mzltg.comLinkedIn51-200 employeesconstruction

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$19.1M

+21.8% from 2023

Total participants

221

+16.3% from 2023

Average account balance

$88,161

-9.1% from 2023

Annual return

15.65%

-2.83 pp from 2023

Benchmarks

See 2,344 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,344 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.13M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

217

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.

97.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.72M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+15.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$538

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
LINCOLN NATIONAL CORPORATION3 years Service code 13 · EIN 35-0472300	Contract Administrator	$64,437
THE PERSPECTIVE GROUP, LLC3 years Service code 27 · EIN 45-5254009	Advisory (Plan)	$38,612
UHY LLP1 year Service code 10 · EIN 20-0694403	Accounting	$13,589

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
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

3 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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$117K

$659 / participant

Investment mgmt$39K33.1%
Contract admin$64K55.2%
Other / not subdivided$14K11.7%

% of EOY assets

0.610%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: UHY LLP
Auditor EIN: 200694403
Audit fees: $13,589
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$88,161

$88,2030%

$165,100-46.6%

$74,478+18.4%

Participation rate

97.7%

73.1%+24.6pp

78.6%+19.1pp

67.2%+30.5pp

Annual return

15.65%

17.13%-1.5pp

70.21%-54.6pp

1370.56%-1354.9pp

Employer contribution / active EE

$3,787

$2,601+45.6%

$4,348-12.9%

$2,626+44.2%

Participant deferral / active EE

$5,923

$4,505+31.5%

$6,035-1.9%

$4,350+36.2%

Admin fee / account holder

$538

$2,235-76.0%

$12,696-95.8%

$1,946-72.4%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION3 years

Service code 13 · EIN 35-0472300

Contract Administrator

$64,437

THE PERSPECTIVE GROUP, LLC3 years

Service code 27 · EIN 45-5254009

Advisory (Plan)

$38,612

UHY LLP1 year

Service code 10 · EIN 20-0694403

Accounting

$13,589

MERCER-ZIMMERMAN, INC. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MERCER-ZIMMERMAN, INC. PROFIT SHARING 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