Retirement plan

M-L HOLDINGS COMPANY RETIREMENT SAVINGS PLAN

Name: M-L HOLDINGS COMPANY - M-L HOLDINGS COMPANY RETIREMENT SAVINGS PLAN (2021) Form 5500
Creator: M-L HOLDINGS COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, M-L HOLDINGS COMPANY RETIREMENT SAVINGS PLAN, M-L HOLDINGS COMPANY

M-L HOLDINGS COMPANYEIN 52-2047928Plan #002PY 2021

500 E 62ND AVENUE - DENVER, CO 80216303-227-4341

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed April 5, 2016

Plan administrator

Plan administrator name— Sign in and upgrade to view

4601 Washington Boulevard

Baltimore State: MD Zip Code: 21227

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Plans declared (1)

Deferred Compensation and Non-Compete Agreement between M-L Holdings Company and Kathleen A. Pepperman, dated April 4, 20161 emp

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Total assets (EOY)

$36.1M

+23.2% from 2020

Total participants

713

+4.2% from 2020

Average account balance

$52,465

+3.0% from 2020

Annual return

19.16%

-0.69 pp from 2020

Benchmarks

See 1,276 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,276 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$47.21M

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.

881

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.

97.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.97M

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

+15.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$165

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

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Service providers

Top 10 of 13 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 49 · EIN 84-0467907	Other Services	$148,083
RESOURCES INVESTMENT ADVISORS LLC1 year Filed as: RESOURCES INVESTMENT ADVISORS, INC. Service code 27 · EIN 43-1451524	Advisory (Plan)	$94,842
AMERICAN FUNDS5 years Service code 52 · EIN 95-2817150	Indirect Investment Fees	$0
BLACKROCK5 years Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
FRANKLIN TEMPLETON5 years Filed as: FRANKLINTEMPLETON Service code 52 · EIN 13-3151768	Indirect Investment Fees	$0
JANUS HENDERSON5 years Service code 52 · EIN 84-0592523	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY5 years Filed as: JP MORGAN Service code 52 · EIN 33-1043149	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.5 years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT5 years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: PUTNAM Service code 52 · EIN 04-6407893	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3H2S2T

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.
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

$243K

$384 / participant

Investment mgmt$233K95.8%
Contract admin$10K4.2%

% of EOY assets

0.673%

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: BOO
Auditor EIN: 010724563
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,465

$86,225-39.2%

$146,643-64.2%

$86,821-39.6%

Participation rate

96.1%

78.0%+18.1pp

80.1%+16.0pp

72.3%+23.8pp

Annual return

19.16%

31.23%-12.1pp

22.75%-3.6pp

97.94%-78.8pp

Employer contribution / active EE

$1,756

$2,392-26.6%

$4,137-57.6%

$2,406-27.0%

Participant deferral / active EE

$4,557

$4,245+7.3%

$5,506-17.2%

$4,132+10.3%

Admin fee / account holder

$353

$195+80.8%

$10,280-96.6%

$170+108.2%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 49 · EIN 84-0467907

Other Services

$148,083

RESOURCES INVESTMENT ADVISORS LLC1 year

Filed as: RESOURCES INVESTMENT ADVISORS, INC.

Service code 27 · EIN 43-1451524

Advisory (Plan)

$94,842

AMERICAN FUNDS5 years

Service code 52 · EIN 95-2817150

Indirect Investment Fees

BLACKROCK5 years

Service code 52 · EIN 51-0318674

Indirect Investment Fees

FRANKLIN TEMPLETON5 years

Filed as: FRANKLINTEMPLETON

Service code 52 · EIN 13-3151768

Indirect Investment Fees

JANUS HENDERSON5 years

Service code 52 · EIN 84-0592523

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY5 years

Filed as: JP MORGAN

Service code 52 · EIN 33-1043149

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.5 years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT5 years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: PUTNAM

Service code 52 · EIN 04-6407893

Indirect Investment Fees

M-L HOLDINGS COMPANY RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

M-L HOLDINGS COMPANY RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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