Retirement plan

MANAGEMENT RECRUITERS OF BALTIMORE, INC. 401(K) PLAN

Name: MANAGEMENT RECRUITERS OF BALTIMORE, INC. - MANAGEMENT RECRUITERS OF BALTIMORE, INC. 401(K) PLAN (2022) Form 5500
Creator: MANAGEMENT RECRUITERS OF BALTIMORE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MANAGEMENT RECRUITERS OF BALTIMORE, INC. 401(K) PLAN, MANAGEMENT RECRUITERS OF BALTIMORE, INC.

MANAGEMENT RECRUITERS OF BALTIMORE, INC.EIN 52-2137419Plan #001PY 2022

9515 DEERECO ROAD, SUITE 900 - TIMONIUM, MD 21093410-252-6616

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.7M

-37.3% from 2021

Total participants

+3.0% from 2021

Average account balance

$88,415

-41.4% from 2021

Annual return

-16.49%

-31.55 pp from 2021

Benchmarks

See 17,023 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort17,023 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.92M

Not enough data

1 years with asset history on file

Average account balance

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

$196K

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.

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.

142.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$97K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+16.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$36914

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

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

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

$1.1M

$56641 / participant

Other / not subdivided$1M100.0%

% of EOY assets

39.265%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$88,415

$93,117-5.1%

$77,096+14.7%

$134,532-34.3%

Participation rate

84.2%

74.5%+9.7pp

67.9%+16.3pp

81.2%+3.0pp

Annual return

-16.49%

62.67%-79.2pp

42.35%-58.8pp

418.27%-434.8pp

Employer contribution / active EE

$3,420-100.0%

$2,814-100.0%

$4,741-100.0%

Participant deferral / active EE

$7,167

$5,241+36.7%

$4,429+61.8%

$6,401+12.0%

Admin fee / account holder

$34,716

$6,948+399.7%

$5,428+539.5%

$11,429+203.8%

MANAGEMENT RECRUITERS OF BALTIMORE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MANAGEMENT RECRUITERS OF BALTIMORE, INC. 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