Retirement plan

MANKO WINDOW SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Name: MANKO WINDOW SYSTEMS, INC. - MANKO WINDOW SYSTEMS, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: MANKO WINDOW SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MANKO WINDOW SYSTEMS, INC. 401(K) PROFIT SHARING PLAN, MANKO WINDOW SYSTEMS, INC.

MANKO WINDOW SYSTEMS, INC.EIN 48-1070445Plan #001PY 2020

800 HAYES DRIVE - MANHATTAN, KS 66502785-776-9643mankowindows.comLinkedIn501-1000 employeesglass, ceramics & concrete

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$11.1M

+16.3% from 2019

Total participants

326

+3.5% from 2019

Average account balance

$36,265

+7.6% from 2019

Annual return

13.80%

-7.99 pp from 2019

Benchmarks

See 1,160 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,160 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.49M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

359

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.

82.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.83M

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

+10.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$107

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 2 by compensation

Provider	Service type	Compensation
BENEFIT TRUST COMPANY6+ years Service code 21 5901 COLLEGE BOULEVARD, SUITE 200 · OVERLAND PARK, KS 66211	Bank Trustee	$33,163
ALLEN, GIBBS & HOULIK, L.C.5 years Filed as: ALLEN GIBBS & HOULIK LC Service code 15 301 N. MAIN · WICHITA, KS 67202	Recordkeeping	$6,765

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.

Opportunity flags

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$40K

$128 / participant

Other / not subdivided$40K100.0%

% of EOY assets

0.359%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: VARNEY & ASSOCIATES, CPAS, LLC
Auditor EIN: 303003864
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,265

$85,135-57.4%

$98,920-63.3%

$73,412-50.6%

Participation rate

93.9%

81.1%+12.8pp

76.0%+17.9pp

72.2%+21.7pp

Annual return

13.80%

19.14%-5.3pp

196.47%-182.7pp

59.30%-45.5pp

Employer contribution / active EE

$1,457

$2,721-46.5%

$2,689-45.8%

$2,234-34.8%

Participant deferral / active EE

$2,538

$4,349-41.6%

$4,245-40.2%

$3,806-33.3%

Admin fee / account holder

$130

$139-6.6%

$6,643-98.0%

$158-17.6%

Provider

Service type

Compensation

BENEFIT TRUST COMPANY6+ years

Service code 21

5901 COLLEGE BOULEVARD, SUITE 200 · OVERLAND PARK, KS 66211

Bank Trustee

$33,163

ALLEN, GIBBS & HOULIK, L.C.5 years

Filed as: ALLEN GIBBS & HOULIK LC

Service code 15

301 N. MAIN · WICHITA, KS 67202

Recordkeeping

$6,765

MANKO WINDOW SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MANKO WINDOW SYSTEMS, INC. 401(K) 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