Retirement plan

UNDERWOOD MCALWEE CORP. 401(K) PROFIT SHARING PLAN

Name: UNDERWOOD MCALWEE CORP. - UNDERWOOD MCALWEE CORP. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: UNDERWOOD MCALWEE CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNDERWOOD MCALWEE CORP. 401(K) PROFIT SHARING PLAN, UNDERWOOD MCALWEE CORP.

UNDERWOOD MCALWEE CORP.EIN 54-1304812Plan #001PY 2020

5876 NORTH WASHINGTON BLVD. - ARLINGTON, VA 22205703-237-1553

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$2.2M

+20.4% from 2019

Total participants

-8.0% from 2019

Average account balance

$69,897

+24.3% from 2019

Annual return

15.03%

-4.44 pp from 2019

Benchmarks

See 3,551 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants25-99

Cohort3,551 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.39M

Not enough data

1 years with asset history on file

Average account balance

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

$92K

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.

89.7%

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

$3K

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

+6.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9179

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 codes2E2F2G2J3D

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

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

$69,897

$37,446+86.7%

$77,513-9.8%

$79,852-12.5%

Participation rate

57.1%

41.5%+15.6pp

54.2%+3.0pp

69.6%-12.5pp

Annual return

15.03%

39.76%-24.7pp

54.81%-39.8pp

31.72%-16.7pp

Employer contribution / active EE

$778

$637+22.1%

$987-21.2%

$2,471-68.5%

Participant deferral / active EE

$2,000

$1,261+58.6%

$1,861+7.4%

$3,740-46.5%

Admin fee / account holder

$2,506-100.0%

$2,859-100.0%

$5,306-100.0%

UNDERWOOD MCALWEE CORP. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

UNDERWOOD MCALWEE CORP. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion