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 (2023) 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 2023

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$14.7M

+17.9% from 2022

Total participants

125

-5.3% from 2022

Average account balance

$117,343

+22.7% from 2022

Annual return

18.15%

+34.76 pp from 2022

Benchmarks

See 28,722 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,722 peers

Snapshot2023

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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 7 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290	Contract Administrator	$63,191
SAGEPOINT FINANCIAL INC1 year Filed as: SAGEPOINT FINANCIAL INC. Service code 49	Other Services	$21,928
THE MANDMARBELSTONE GROUP LLC1 year Service code 13	Contract Administrator	$5,035
THE MANDMARBLESTONE GROUP LLC9+ years Service code 13 · EIN 20-4780677	Contract Administrator	$2,200
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381	Advisory (Participants)	$0
SAGEPOINT FINANCIAL INC2 years Service code 49 · EIN 20-1741754	Other Services	$0
WILSHIRE ASSOCIATES INCORPORATED1 year 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

$61K

$711 / participant

Contract admin$61K100.0%

% of EOY assets

0.417%

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

$117,343

$93,571+25.4%

$135,903-13.7%

$75,163+56.1%

Participation rate

100.0%

75.2%+24.8pp

81.9%+18.1pp

67.2%+32.8pp

Annual return

18.15%

30.90%-12.8pp

68.23%-50.1pp

160.62%-142.5pp

Employer contribution / active EE

$4,524

$3,537+27.9%

$4,856-6.8%

$2,670+69.4%

Participant deferral / active EE

$15,567

$6,404+143.1%

$7,758+100.7%

$4,125+277.4%

Admin fee / account holder

$489

$6,975-93.0%

$10,762-95.5%

$5,651-91.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY9+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$63,191

SAGEPOINT FINANCIAL INC1 year

Filed as: SAGEPOINT FINANCIAL INC.

Service code 49

Other Services

$21,928

THE MANDMARBELSTONE GROUP LLC1 year

Service code 13

Contract Administrator

$5,035

THE MANDMARBLESTONE GROUP LLC9+ years

Service code 13 · EIN 20-4780677

Contract Administrator

$2,200

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-4317381

Advisory (Participants)

SAGEPOINT FINANCIAL INC2 years

Service code 49 · EIN 20-1741754

Other Services

WILSHIRE ASSOCIATES INCORPORATED1 year

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