Retirement plan

MAXAM NORTH AMERICA, INC. 401(K) PROFIT SHARING PLAN

Name: MAXAM NORTH AMERICA, INC. - MAXAM NORTH AMERICA, INC. 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: MAXAM NORTH AMERICA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAXAM NORTH AMERICA, INC. 401(K) PROFIT SHARING PLAN, MAXAM NORTH AMERICA, INC.

MAXAM NORTH AMERICA, INC.EIN 52-2289146Plan #001PY 2019

433 LAS COLINAS BLVD. E, SUITE 900 - IRVING, TX 75039214-736-8100

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$3M

+6.1% from 2018

Total participants

-22.8% from 2018

Average account balance

$44,226

+33.0% from 2018

Annual return

15.25%

+18.57 pp from 2018

Benchmarks

See 846 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants25-99

Cohort846 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.95M

Not enough data

1 years with asset history on file

Average account balance

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

$58K

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.

106.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$284K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$20959

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

Top 2 by compensation

Provider	Service type	Compensation
NATIONWIDE5+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$16,000
NATIONAL BENEFIT SERVICES, LLC5+ years Service code 15 · EIN 20-3886993	Recordkeeping	$10,260

Plan features & details

Pension benefit codes2J2E2K2F2G2T3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$4K

$55 / participant

Other / not subdivided$4K100.0%

% of EOY assets

0.128%

all-in expense ratio

Categories reported

0 / 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: TRAVELLER AND COMPANY, LLC
Auditor EIN: 870668060
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,226

$82,882-46.6%

$127,803-65.4%

$72,975-39.4%

Participation rate

59.4%

71.5%-12.1pp

79.0%-19.6pp

69.5%-10.1pp

Annual return

15.25%

32.20%-17.0pp

26.14%-10.9pp

81.01%-65.8pp

Employer contribution / active EE

$1,445

$3,346-56.8%

$4,576-68.4%

$2,440-40.8%

Participant deferral / active EE

$4,316

$4,791-9.9%

$6,023-28.3%

$3,608+19.6%

Admin fee / account holder

$57

$6,487-99.1%

$9,399-99.4%

$5,124-98.9%

Provider

Service type

Compensation

NATIONWIDE5+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$16,000

NATIONAL BENEFIT SERVICES, LLC5+ years

Service code 15 · EIN 20-3886993

Recordkeeping

$10,260

MAXAM NORTH AMERICA, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAXAM NORTH AMERICA, 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