Retirement plan

MARK G. ANDERSON CONSULTANTS, INC. 401K PROFIT SHARING PLAN

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

MARK G. ANDERSON CONSULTANTS, INC.EIN 52-1973716Plan #001PY 2020

730 ELEVENTH STREET NW - WASHINGTON, DC 200014510202-942-3900

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$48.6M

+22.5% from 2019

Total participants

226

+10.2% from 2019

Average account balance

$214,869

+10.5% from 2019

Annual return

16.76%

-7.78 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$70.80M

Not enough data

1 years with asset history on file

Average account balance

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

$215K

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.

330

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.

96.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.26M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+14.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$298

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 5 by compensation

Provider	Service type	Compensation
NORTHWESTERN MUTUAL INVESTMENT SERV6+ years Filed as: NORTHWESTERN MUTUAL Service code 27 · EIN 39-2018056 720 E WISCONSIN AVE · MILWAUKEE, WI 53202	Advisory (Plan)	$36,000
AMERICAN FUNDS2 years Filed as: CAPITAL GROUP RETIREMENT PLAN Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$19,841
CHERRY BEKAERT LLP3 years Service code 13 · EIN 56-0574444 222 CENTRAL PARK AVE STE 1400 · VIRGINIA BEACH, VA 234623032	Contract Administrator	$17,115
COUNCILOR, BUCHANAN & MITCHELL, PC3 years Service code 10 · EIN 52-1711839 7910 WOODMONT AVENUE STE 500 · BETHESDA, MD 20814	Accounting	$14,500
TD AMERITRADE, INC.1 year Service code 33 · EIN 47-0533629 200 S. 108TH AVENUE · OMAHA, NE 68154	Securities brokerage	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2R2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$87K

$554 / participant

Investment mgmt$87K99.5%
Contract admin$4000.5%

% of EOY assets

0.180%

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: COUNCILOR, BUCHANAN & MITCHELL, P.C
Auditor EIN: 521711839
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$214,869

$99,957+115.0%

$149,730+43.5%

$73,493+192.4%

Participation rate

100.0%

75.7%+24.3pp

82.5%+17.5pp

70.7%+29.3pp

Annual return

16.76%

53.87%-37.1pp

276.70%-259.9pp

28.51%-11.8pp

Employer contribution / active EE

$14,729

$3,191+361.6%

$4,645+217.1%

$2,270+548.9%

Participant deferral / active EE

$11,723

$6,073+93.1%

$6,843+71.3%

$3,740+213.5%

Admin fee / account holder

$387

$551-29.7%

$9,310-95.8%

$513-24.6%

Provider

Service type

Compensation

NORTHWESTERN MUTUAL INVESTMENT SERV6+ years

Filed as: NORTHWESTERN MUTUAL

Service code 27 · EIN 39-2018056

720 E WISCONSIN AVE · MILWAUKEE, WI 53202

Advisory (Plan)

$36,000

AMERICAN FUNDS2 years

Filed as: CAPITAL GROUP RETIREMENT PLAN

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$19,841

CHERRY BEKAERT LLP3 years

Service code 13 · EIN 56-0574444

222 CENTRAL PARK AVE STE 1400 · VIRGINIA BEACH, VA 234623032

Contract Administrator

$17,115

COUNCILOR, BUCHANAN & MITCHELL, PC3 years

Service code 10 · EIN 52-1711839

7910 WOODMONT AVENUE STE 500 · BETHESDA, MD 20814

Accounting

$14,500

TD AMERITRADE, INC.1 year

Service code 33 · EIN 47-0533629

200 S. 108TH AVENUE · OMAHA, NE 68154

Securities brokerage

MARK G. ANDERSON CONSULTANTS, INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARK G. ANDERSON CONSULTANTS, INC. 401K 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