Retirement plan

MARCORP LIMITED 401(K) PLAN

Name: MARCORP LIMITED - MARCORP LIMITED 401(K) PLAN (2021) Form 5500
Creator: MARCORP LIMITED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARCORP LIMITED 401(K) PLAN, MARCORP LIMITED

MARCORP LIMITEDEIN 52-1376214Plan #003PY 2021

5719 YORK ROAD - BALTIMORE, MD 212123634410-435-0500LinkedIn51-200 employeesindividual & family services

Prospect flagsHigh cashRecently reached 100 employeesLow fidelity bond

How to read this page

Total assets (EOY)

$2.8M

+13.0% from 2020

Total participants

118

+1.7% from 2020

Average account balance

$27,468

+9.7% from 2020

Annual return

12.49%

-0.13 pp from 2020

Benchmarks

See 8,920 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,920 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.18M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

114

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.

79.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$288K

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

+11.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$95

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
ASCENSUS LLC3 years Service code 15 · EIN 11-3665754	Recordkeeping	$8,552
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH RETIREMENT & BENEFIT Service code 27 · EIN 13-5674085	Advisory (Plan)	$6,686

Plan features & details

Pension benefit codes2S2E3D2G2J2K2F2T3H

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.
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.
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 cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$15K

$155 / participant

Investment mgmt$7K43.9%
Contract admin$9K56.1%

% of EOY assets

0.549%

all-in expense ratio

Categories reported

2 / 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: BETHKE CPA, LLC
Auditor EIN: 421591506
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,468

$65,434-58.0%

$98,483-72.1%

$85,847-68.0%

Participation rate

82.7%

65.0%+17.6pp

73.3%+9.3pp

69.3%+13.3pp

Annual return

12.49%

21.75%-9.3pp

1494.38%-1481.9pp

318.61%-306.1pp

Employer contribution / active EE

$432

$2,169-80.1%

$2,961-85.4%

$2,565-83.2%

Participant deferral / active EE

$1,722

$3,168-45.6%

$4,276-59.7%

$3,952-56.4%

Admin fee / account holder

$151

$4,595-96.7%

$5,953-97.5%

$6,261-97.6%

Provider

Service type

Compensation

ASCENSUS LLC3 years

Service code 15 · EIN 11-3665754

Recordkeeping

$8,552

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH RETIREMENT & BENEFIT

Service code 27 · EIN 13-5674085

Advisory (Plan)

$6,686

MARCORP LIMITED 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARCORP LIMITED 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