Retirement plan

MCKING CONSULTING CORPORATION 401(K) PLAN

Name: MCKING CONSULTING CORPORATION - MCKING CONSULTING CORPORATION 401(K) PLAN (2022) Form 5500
Creator: MCKING CONSULTING CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCKING CONSULTING CORPORATION 401(K) PLAN, MCKING CONSULTING CORPORATION

MCKING CONSULTING CORPORATIONEIN 54-2006067Plan #001PY 2022

2810 OLD LEE HWY STE 300 - FAIRFAX, VA 220314376703-204-2385mcking.comLinkedIn51-200 employeesgovernment administration

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$10.8M

-20.6% from 2021

Total participants

132

+1.5% from 2021

Average account balance

$88,868

-20.6% from 2021

Annual return

-16.14%

-33.54 pp from 2021

Benchmarks

See 27,998 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort27,998 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.31M

Not enough data

1 years with asset history on file

Average account balance

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

$137K

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.

112

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.

90.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$884K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+17.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$16

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
GROVE POINT INVESTMENTS LLC2 years Service code 49 · EIN 52-1321340	Other Services	$5,093
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290	Contract Administrator	$1,447

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$1K

$25 / participant

Contract admin$1K100.0%

% of EOY assets

0.013%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FRYE & COMPANY, CPAS
Auditor EIN: 454199441
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$88,868

$82,678+7.5%

$125,391-29.1%

$68,490+29.8%

Participation rate

82.5%

75.1%+7.4pp

82.4%+0.1pp

67.9%+14.6pp

Annual return

-16.14%

-5.97%-10.2pp

572.41%-588.6pp

-7.85%-8.3pp

Employer contribution / active EE

$3,787

$3,382+12.0%

$4,816-21.4%

$2,597+45.9%

Participant deferral / active EE

$8,462

$6,111+38.5%

$7,448+13.6%

$4,028+110.1%

Admin fee / account holder

$12

$6,277-99.8%

$10,009-99.9%

$5,403-99.8%

Provider

Service type

Compensation

GROVE POINT INVESTMENTS LLC2 years

Service code 49 · EIN 52-1321340

Other Services

$5,093

PRINCIPAL LIFE INSURANCE COMPANY8+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$1,447

MCKING CONSULTING CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCKING CONSULTING CORPORATION 401(K) 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