Retirement plan

MCKENZIE PROPERTY MANAGEMENT, INC. 401(K) & PROFIT SHARING PLAN

Name: MCKENZIE PROPERTY MANAGEMENT, INC. - MCKENZIE PROPERTY MANAGEMENT, INC. 401(K) & PROFIT SHARING PLAN (2019) Form 5500
Creator: MCKENZIE PROPERTY MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCKENZIE PROPERTY MANAGEMENT, INC. 401(K) & PROFIT SHARING PLAN, MCKENZIE PROPERTY MANAGEMENT, INC.

MCKENZIE PROPERTY MANAGEMENT, INC.EIN 59-0864831Plan #002PY 2019

1966 COMMONWEALTH LANE - TALLAHASSEE, FL 323033196850-739-5540

Other plans on this EIN

1 filing

#001Retirement--

Prospect flagsHigh retiree %Wind-down / frozen

Top hat statement on fileNQDC

Filed December 29, 1992

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$3M

-35.5% from 2018

Total participants

168

-43.6% from 2018

Average account balance

$17,923

-25.2% from 2018

Annual return

13.74%

+18.53 pp from 2018

Benchmarks

See 6,729 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort6,729 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.83M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

370.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$78K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+13.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4132

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH LIFE AGENCY Service code 52 · EIN 13-2808480	Indirect Investment Fees	$11,767
THOMAS HOWELL FERGUSON PA1 year Filed as: THOMAS HOWELL FERGUSON P.A. Service code 37 · EIN 59-3186310 2615 CENTENNIAL BLVD., SUITE 200 · TALLAHASSEE, FL 32308	Loan Processing	$6,480
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850	Recordkeeping	$5,073
MERRILL LYNCH PIERCE FENNER & SMITH2 years Filed as: MERRILL LYNCH PIERCE FENNER SMITH Service code 52	Indirect Investment Fees	$490
RELIANCE TRUST COMPANY2 years Service code 25	Directed Trustee	$325
MESIROW FINANCIAL INVESTMENT MANAGE2 years Filed as: MESIROW FINANCIAL INVESTMENT MGMT Service code 49	Other Services	$27

Plan features & details

Pension benefit codes2F2G2J2K2T3D3H

Plan features

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$11K

$2770 / participant

Contract admin$11K100.0%

% of EOY assets

0.368%

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: THOMAS HOWELL FERGUSON P.A.
Auditor EIN: 593186310
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,923

$96,524-81.4%

$75,900-76.4%

$152,909-88.3%

Participation rate

100.0%

76.2%+23.8pp

69.3%+30.7pp

82.5%+17.5pp

Annual return

13.74%

33.93%-20.2pp

30.73%-17.0pp

345.46%-331.7pp

Employer contribution / active EE

$7,159

$3,311+116.2%

$2,501+186.2%

$4,764+50.3%

Participant deferral / active EE

$12,253

$4,554+169.0%

$3,604+240.0%

$5,851+109.4%

Admin fee / account holder

$66

$8,082-99.2%

$5,421-98.8%

$11,601-99.4%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH LIFE AGENCY

Service code 52 · EIN 13-2808480

Indirect Investment Fees

$11,767

THOMAS HOWELL FERGUSON PA1 year

Filed as: THOMAS HOWELL FERGUSON P.A.

Service code 37 · EIN 59-3186310

2615 CENTENNIAL BLVD., SUITE 200 · TALLAHASSEE, FL 32308

Loan Processing

$6,480

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 15 · EIN 04-1590850

Recordkeeping

$5,073

MERRILL LYNCH PIERCE FENNER & SMITH2 years

Filed as: MERRILL LYNCH PIERCE FENNER SMITH

Service code 52

Indirect Investment Fees

$490

RELIANCE TRUST COMPANY2 years

Service code 25

Directed Trustee

$325

MESIROW FINANCIAL INVESTMENT MANAGE2 years

Filed as: MESIROW FINANCIAL INVESTMENT MGMT

Service code 49

Other Services

$27

MCKENZIE PROPERTY MANAGEMENT, INC. 401(K) & PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCKENZIE PROPERTY MANAGEMENT, INC. 401(K) & PROFIT SHARING PLAN

Top hat statement on fileNQDC

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