Retirement plan

MID-ATLANTIC BUSINESS COMMUNICATIONS, INC. 401(K) PROFIT SHARING PLAN

Name: MID-ATLANTIC BUSINESS COMMUNICATIONS, INC - MID-ATLANTIC BUSINESS COMMUNICATIONS, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: MID-ATLANTIC BUSINESS COMMUNICATIONS, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MID-ATLANTIC BUSINESS COMMUNICATIONS, INC. 401(K) PROFIT SHARING PLAN, MID-ATLANTIC BUSINESS COMMUNICATIONS, INC

MID-ATLANTIC BUSINESS COMMUNICATIONS, INCEIN 54-1609294Plan #001PY 2020

701 PORT CENTRE PARKWAY - PORTSMOUTH, VA 23704757-673-2200

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$2.5M

+11.7% from 2019

Total participants

+6.1% from 2019

Average account balance

$91,436

+11.7% from 2019

Annual return

19.79%

-5.72 pp from 2019

Benchmarks

See 3,013 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort3,013 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.83M

Not enough data

1 years with asset history on file

Average account balance

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

$135K

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.

91.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$92K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+17.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6944

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 codes2E2J2F2G3D

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$331K

$11402 / participant

Other / not subdivided$331K100.0%

% of EOY assets

13.393%

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

$91,436

$70,486+29.7%

$100,535-9.1%

$79,856+14.5%

Participation rate

72.4%

73.6%-1.2pp

79.4%-7.0pp

69.6%+2.8pp

Annual return

19.79%

21.90%-2.1pp

30.90%-11.1pp

31.71%-11.9pp

Employer contribution / active EE

$2,165-100.0%

$3,419-100.0%

$2,471-100.0%

Participant deferral / active EE

$5,069

$5,182-2.2%

$6,271-19.2%

$3,741+35.5%

Admin fee / account holder

$12,246

$4,480+173.4%

$8,085+51.5%

$5,306+130.8%

MID-ATLANTIC BUSINESS COMMUNICATIONS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MID-ATLANTIC BUSINESS COMMUNICATIONS, 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