Retirement plan

MANAGEMENT SERVICES NETWORK LL 401(K) PROFIT SHARING PLAN & TRUST

Name: MANAGEMENT SERVICES NETWORK LL - MANAGEMENT SERVICES NETWORK LL 401(K) PROFIT SHARING PLAN & TRUST (2020) Form 5500
Creator: MANAGEMENT SERVICES NETWORK LL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MANAGEMENT SERVICES NETWORK LL 401(K) PROFIT SHARING PLAN & TRUST, MANAGEMENT SERVICES NETWORK LL

MANAGEMENT SERVICES NETWORK LLEIN 58-2201202Plan #001PY 2020

717 20TH STREET - COLUMBUS, GA 31904706-653-0839managementservices.netLinkedIn1-10 employeesfood production

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$18.6M

+29.1% from 2019

Total participants

487

+21.4% from 2019

Average account balance

$51,133

+15.0% from 2019

Annual return

20.29%

-0.34 pp from 2019

Benchmarks

See 523 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort523 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.10M

Not enough data

1 years with asset history on file

Average account balance

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

$62K

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.

452

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.

76.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.83M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$213

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
MERRILL LYNCH PIERCE FENNER & SMITH2 years Filed as: MERRILL LYNCH, PIERCE, FENNER Service code 13 · EIN 13-5674085 4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281	Contract Administrator	$36,276
PAYCHEX, INC.2 years Service code 13 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625	Contract Administrator	$20,732
401K GENERATION2 years Service code 13 · EIN 26-4477125 195 INTERNATIONAL PARKWAY · LAKE MARY, FL 32746	Contract Administrator	$8,797

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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$67K

$159 / participant

Investment mgmt$36K54.7%
Contract admin$30K45.3%

% of EOY assets

0.359%

all-in expense ratio

Categories reported

2 / 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: ROBINSON, GRIMES & COMPANY, P.C.
Auditor EIN: 581374304
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,133

$78,781-35.1%

$100,535-49.1%

$73,412-30.3%

Participation rate

70.6%

80.0%-9.4pp

79.4%-8.8pp

72.2%-1.5pp

Annual return

20.29%

31.69%-11.4pp

30.90%-10.6pp

59.30%-39.0pp

Employer contribution / active EE

$1,464

$2,420-39.5%

$3,419-57.2%

$2,234-34.5%

Participant deferral / active EE

$2,826

$6,537-56.8%

$6,271-54.9%

$3,806-25.7%

Admin fee / account holder

$183

$145+26.2%

$8,085-97.7%

$158+16.1%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH2 years

Filed as: MERRILL LYNCH, PIERCE, FENNER

Service code 13 · EIN 13-5674085

4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281

Contract Administrator

$36,276

PAYCHEX, INC.2 years

Service code 13 · EIN 16-1124166

911 PANORAMA TRAIL S · ROCHESTER, NY 14625

Contract Administrator

$20,732

401K GENERATION2 years

Service code 13 · EIN 26-4477125

195 INTERNATIONAL PARKWAY · LAKE MARY, FL 32746

Contract Administrator

$8,797

MANAGEMENT SERVICES NETWORK LL 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MANAGEMENT SERVICES NETWORK LL 401(K) PROFIT SHARING PLAN & TRUST

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