Retirement plan

MSG GLOBAL SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN

Name: MSG GLOBAL SOLUTIONS, INC. - MSG GLOBAL SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: MSG GLOBAL SOLUTIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MSG GLOBAL SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN, MSG GLOBAL SOLUTIONS, INC.

MSG GLOBAL SOLUTIONS, INC.EIN 52-2265555Plan #001PY 2024

506 CARNEGIE CENTER - SUITE 401 - PRINCETON, NJ 08540609-524-0406

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$15.9M

+8.5% from 2023

Total participants

117

-6.4% from 2023

Average account balance

$138,440

+18.0% from 2023

Annual return

13.20%

-4.94 pp from 2023

Benchmarks

See 28,939 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,939 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$15.92M

Not enough data

1 years with asset history on file

Average account balance

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

$138K

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.

115

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.

97.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.52M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+13.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$622

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 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290	Contract Administrator	$71,680
OSAIC WEALTH INC1 year Filed as: OSAIC WEALTH, INC. Service code 49 · EIN 93-0987232	Other Services	$30,949
COMMONWEALTH TPA SOLUTIONS1 year Filed as: COMMONWEALTH TPA SOLUTIONS, LLC Service code 13 · EIN 87-3632446 8 COMMONWEALTH DR · MEDFORD, NJ 08055	Contract Administrator	$7,949
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381	Advisory (Participants)	$0
WILSHIRE ASSOCIATES INCORPORATED2 years Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D

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.
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.
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

$71K

$1051 / participant

Contract admin$71K100.0%

% of EOY assets

0.449%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: STEPHANO SLACK LLC
Auditor EIN: 161710665
Audit fees: $0
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$138,440

$102,317+35.3%

$146,958-5.8%

$80,856+71.2%

Participation rate

97.1%

75.8%+21.2pp

82.2%+14.9pp

67.6%+29.4pp

Annual return

13.20%

134.76%-121.6pp

418.34%-405.1pp

35.59%-22.4pp

Employer contribution / active EE

$4,615

$3,713+24.3%

$4,933-6.4%

$2,755+67.5%

Participant deferral / active EE

$17,779

$6,644+167.6%

$8,070+120.3%

$4,296+313.9%

Admin fee / account holder

$622

$7,941-92.2%

$12,998-95.2%

$6,918-91.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY10+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$71,680

OSAIC WEALTH INC1 year

Filed as: OSAIC WEALTH, INC.

Service code 49 · EIN 93-0987232

Other Services

$30,949

COMMONWEALTH TPA SOLUTIONS1 year

Filed as: COMMONWEALTH TPA SOLUTIONS, LLC

Service code 13 · EIN 87-3632446

8 COMMONWEALTH DR · MEDFORD, NJ 08055

Contract Administrator

$7,949

MORNINGSTAR2 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-4317381

Advisory (Participants)

WILSHIRE ASSOCIATES INCORPORATED2 years

Filed as: WILSHIRE ADVISORS LLC

Service code 27 · EIN 95-2755361

Advisory (Plan)

MSG GLOBAL SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MSG GLOBAL SOLUTIONS, 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