Retirement plan

PROOF OF THE PUDDING BY MGR INC 401K PLAN

Name: PROOF OF THE PUDDING BY MGR INC - PROOF OF THE PUDDING BY MGR INC 401K PLAN (2015) Form 5500
Creator: PROOF OF THE PUDDING BY MGR INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROOF OF THE PUDDING BY MGR INC 401K PLAN, PROOF OF THE PUDDING BY MGR INC

PROOF OF THE PUDDING BY MGR INCEIN 58-1752963Plan #001PY 2015

2033 MONROE DRIVE - ATLANTA, GA 30324404-892-2359LinkedIn11-50 employeesrestaurants

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$1.8M

No prior year

Total participants

179

No prior year

Average account balance

$21,039

No prior year

Annual return

-2.88%

No prior year

Benchmarks

See 801 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort801 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.21M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

16.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$277K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+6.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$420

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 3 by compensation

Provider	Service type	Compensation
HABIF, AROGETI & WYNNE LLP1+ years Filed as: HABIF, AROGETI & WYNNE Service code 10 · EIN 57-1157523 FIVE CONCOURSE PRKWY, STE 1000 · ATLANTA, GA 30328	Accounting	$10,100
RETIREMENT STRATEGIES, INC.1+ years Filed as: RETIREMENT STRATEGIES Service code 13 · EIN 58-2380163	Contract Administrator	$6,620
TRANSAMERICA RETIREMENT SOLUTIONS1+ years Filed as: TRANSAMERICA LIFE INSURANCE CO Service code 15 · EIN 39-0989781	Recordkeeping	$289

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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

3 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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$15K

$98 / participant

Contract admin$15K100.0%

% of EOY assets

0.845%

all-in expense ratio

Categories reported

1 / 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: ROSS LAND AND COMPANY
Auditor EIN: 581686745
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,039

$26,805-21.5%

$59,496-64.6%

$52,331-59.8%

Participation rate

40.4%

39.3%+1.0pp

54.6%-14.2pp

68.1%-27.7pp

Annual return

-2.88%

2.61%-5.5pp

182.05%-184.9pp

4.54%-7.4pp

Employer contribution / active EE

$450-100.0%

$1,153-100.0%

$1,882-100.0%

Participant deferral / active EE

$1,060

$916+15.7%

$1,829-42.0%

$3,022-64.9%

Admin fee / account holder

$178

$305-41.7%

$2,232-92.0%

$592-70.0%

Provider

Service type

Compensation

HABIF, AROGETI & WYNNE LLP1+ years

Filed as: HABIF, AROGETI & WYNNE

Service code 10 · EIN 57-1157523

FIVE CONCOURSE PRKWY, STE 1000 · ATLANTA, GA 30328

Accounting

$10,100

RETIREMENT STRATEGIES, INC.1+ years

Filed as: RETIREMENT STRATEGIES

Service code 13 · EIN 58-2380163

Contract Administrator

$6,620

TRANSAMERICA RETIREMENT SOLUTIONS1+ years

Filed as: TRANSAMERICA LIFE INSURANCE CO

Service code 15 · EIN 39-0989781

Recordkeeping

$289

PROOF OF THE PUDDING BY MGR INC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROOF OF THE PUDDING BY MGR INC 401K 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