Retirement plan

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

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

MERCURY ENTERPRISESEIN 59-1006793Plan #001PY 2019

11300 49TH STREET NORTH - CLEARWATER, FL 33762727-573-0088mercuryinteriors.co.ukLinkedIn11-50 employeesconstruction

Prospect flagsLow returnsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$6.6M

+4.6% from 2018

Total participants

169

+1.2% from 2018

Average account balance

$45,575

-4.8% from 2018

Annual return

10.72%

+13.72 pp from 2018

Benchmarks

See 2,363 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,363 peers

Snapshot2019

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 4 by compensation

Provider	Service type	Compensation
SECURITIES RESEARCH INC1 year Filed as: SECURITIES RESEARCH, INC. Service code 22 · EIN 59-1862659	Insurance Broker	$16,852
SAUNDERS, COOK & SEARLE ASSET MGMT1 year Service code 27 · EIN 42-1568529	Advisory (Plan)	$13,169
TRANSAMERICA RETIREMENT SOLUTIONS1 year Service code 15 · EIN 13-3689044	Recordkeeping	$9,931
DAVID R RAMOS CPA5+ years Service code 10 · EIN 59-3041038	Accounting	$8,700

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3B3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

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

$32K

$213 / participant

Investment mgmt$13K41.4%
Other / not subdivided$19K58.6%

% of EOY assets

0.481%

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

$45,575

$86,341-47.2%

$125,192-63.6%

$65,185-30.1%

Participation rate

83.9%

75.3%+8.6pp

79.8%+4.1pp

70.2%+13.7pp

Annual return

10.72%

27.44%-16.7pp

43.79%-33.1pp

29.38%-18.7pp

Employer contribution / active EE

$336

$2,040-83.5%

$3,866-91.3%

$2,177-84.6%

Participant deferral / active EE

$3,814

$3,538+7.8%

$4,937-22.7%

$3,514+8.5%

Admin fee / account holder

$219

$609-64.0%

$9,704-97.7%

$847-74.1%

Provider

Service type

Compensation

SECURITIES RESEARCH INC1 year

Filed as: SECURITIES RESEARCH, INC.

Service code 22 · EIN 59-1862659

Insurance Broker

$16,852

SAUNDERS, COOK & SEARLE ASSET MGMT1 year

Service code 27 · EIN 42-1568529

Advisory (Plan)

$13,169

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Service code 15 · EIN 13-3689044

Recordkeeping

$9,931

DAVID R RAMOS CPA5+ years

Service code 10 · EIN 59-3041038

Accounting

$8,700

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