Retirement plan

MERCURY ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN

Name: MERCURY ENTERPRISES, INC. - MERCURY ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: MERCURY ENTERPRISES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MERCURY ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN, MERCURY ENTERPRISES, INC.

MERCURY ENTERPRISES, INC.EIN 59-1006793Plan #001PY 2015

11300 49TH STREET NORTH - CLEARWATER, FL 33762727-573-4914mercuryinteriors.co.ukLinkedIn11-50 employeesconstruction

Prospect flagsLow returnsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$6.1M

No prior year

Total participants

172

No prior year

Average account balance

$56,100

No prior year

Annual return

-4.91%

No prior year

Benchmarks

See 2,111 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,111 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.76M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

162

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.

83.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+9.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$373

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 5 by compensation

Provider	Service type	Compensation
VSR FINANCIAL SERVICES INC1+ years Service code 55 8620 W 110TH ST #200 · OVERLAND PARK, KS 662109651	Other Commissions	$11,340
DAVID R RAMOS CPA1+ years Service code 10 4215 OLD ROAD 37 · LAKELAND, FL 33813	Accounting	$7,200
BEASLEY & COMPANY1+ years Filed as: BEASLEY, BRYANT & CO., CPA'S, P.A. Service code 10 4940 SOUTHFORK DRIVE · LAKELAND, FL 33813	Accounting	$5,650
SAUNDERS ASSET MANAGEMENT INC1+ years Service code 55 PO BOX 18405 · TAMPA, FL 33679	Other Commissions	$2,210
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$1,823

Plan features & details

Pension benefit codes2E2F2G2J2K3D2T3B

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$102 / participant

Contract admin$15K100.0%

% of EOY assets

0.242%

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: DAVID R. RAMOS, CPA
Auditor EIN: 593041038
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,100

$57,108-1.8%

$94,229-40.5%

$52,331+7.2%

Participation rate

55.6%

72.9%-17.4pp

78.8%-23.2pp

68.1%-12.5pp

Annual return

-4.91%

1.47%-6.4pp

10.68%-15.6pp

4.54%-9.4pp

Employer contribution / active EE

$208

$1,735-88.0%

$3,587-94.2%

$1,882-88.9%

Participant deferral / active EE

$2,759

$3,040-9.2%

$4,320-36.1%

$3,022-8.7%

Admin fee / account holder

$136

$546-75.1%

$6,269-97.8%

$592-77.0%

Provider

Service type

Compensation

VSR FINANCIAL SERVICES INC1+ years

Service code 55

8620 W 110TH ST #200 · OVERLAND PARK, KS 662109651

Other Commissions

$11,340

DAVID R RAMOS CPA1+ years

Service code 10

4215 OLD ROAD 37 · LAKELAND, FL 33813

Accounting

$7,200

BEASLEY & COMPANY1+ years

Filed as: BEASLEY, BRYANT & CO., CPA'S, P.A.

Service code 10

4940 SOUTHFORK DRIVE · LAKELAND, FL 33813

Accounting

$5,650

SAUNDERS ASSET MANAGEMENT INC1+ years

Service code 55

PO BOX 18405 · TAMPA, FL 33679

Other Commissions

$2,210

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$1,823

MERCURY ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MERCURY ENTERPRISES, INC. 401(K) PROFIT SHARING 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