Retirement plan

MMM ASSOCIATE 401(K) PLAN

Name: MORRIS, MANNING & MARTIN LLP - MMM ASSOCIATE 401(K) PLAN (2024) Form 5500
Creator: MORRIS, MANNING & MARTIN LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MMM ASSOCIATE 401(K) PLAN, MORRIS, MANNING & MARTIN LLP

MORRIS, MANNING & MARTIN LLPEIN 58-1269995Plan #002PY 2024

3343 PEACHTREE ROAD, NE, SUITE 1600 - ATLANTA, GA 30326404-233-7000

Other plans on this EIN

1 filing

#001Retirement-$149.7M assets

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$14.3M

+20.4% from 2023

Total participants

175

-2.8% from 2023

Average account balance

$91,343

+25.8% from 2023

Annual return

16.10%

+9.38 pp from 2023

Benchmarks

See 6,278 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,278 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.34M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

157

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.

82.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+16.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$30

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 1 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL4 years Service code 60 · EIN 04-2647786	Sub-TA Fees	$136

Plan features & details

Pension benefit codes2F2G2J2T2E3D2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$5K

$46 / participant

Recordkeeping$5K100.0%

% of EOY assets

0.032%

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: CARR, RIGGS AND INGRAM, LLC
Auditor EIN: 721396621
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$91,343

$101,672-10.2%

$147,117-37.9%

$74,478+22.6%

Participation rate

82.0%

75.5%+6.5pp

82.2%-0.2pp

67.2%+14.8pp

Annual return

16.10%

8757.83%-8741.7pp

420.54%-404.4pp

1370.56%-1354.5pp

Employer contribution / active EE

$3,813-100.0%

$4,932-100.0%

$2,626-100.0%

Participant deferral / active EE

$18,030

$7,305+146.8%

$8,065+123.6%

$4,350+314.5%

Admin fee / account holder

$30

$1,753-98.3%

$12,993-99.8%

$1,946-98.5%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$136

MMM ASSOCIATE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MMM ASSOCIATE 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