Retirement plan

MCL CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST

Name: MCL CORPORATION - MCL CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST (2016) Form 5500
Creator: MCL CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCL CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST, MCL CORPORATION

MCL CORPORATIONEIN 61-1109215Plan #001PY 2016

P.O. BOX 7809 - PADUCAH, KY 420027809270-554-4002

Prospect flagsHigh feesLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$3M

+10.2% from 2015

Total participants

218

-0.5% from 2015

Average account balance

$35,983

+4.9% from 2015

Annual return

8.98%

+11.18 pp from 2015

Benchmarks

See 875 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort875 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.48M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

36.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$270K

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

+11.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4765

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 5 by compensation

Provider	Service type	Compensation
SECURITIES AMERICA INC2+ years Filed as: SECURITIES AMERICA, INC. Service code 51 · EIN 11-2551174 12325 PORT GRACE BLVD. · LA VISTA, NE 68128	Investment Mgmt Fees	$12,796
ALERUS FINANCIAL, N.A.1 year Filed as: ALERUS FINANCIAL NA Service code 15 · EIN 45-0140105 TWO PINE TREE DRIVE, STE 400 · ARDEN HILLS, MN 55112	Recordkeeping	$8,042
KEMPER CPA GROUP LLP1 year Filed as: KEMPER CPA GROUP, LLP Service code 13 · EIN 37-0818432 100 SOUTH 4TH STREET, STE 300 · PADUCAH, KY 42001	Contract Administrator	$5,900
SYMMETRY PARTNERS, LLC1 year Filed as: SYMMETRY Service code 26 · EIN 06-1482171 628 HEBRON AVE, BUILDING 2 · GLASTONBURY, CT 06033	Advisory (Participants)	$5,684
KEMPER FINANCIAL ADVISORS2+ years Service code 18 · EIN 35-2055440 302 E WALNUT STREET, PO BOX 694 · ROBINSON, IL 624540694	Custodial (other than securities)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$32K

$161 / participant

Other / not subdivided$32K100.0%

% of EOY assets

1.073%

all-in expense ratio

Categories reported

0 / 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: BLYTHE, WHITE & ASSOCIATES, PLLC
Auditor EIN: 203450056
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,983

$25,723+39.9%

$69,182-48.0%

$55,167-34.8%

Participation rate

33.3%

39.4%-6.1pp

55.1%-21.8pp

69.0%-35.7pp

Annual return

8.98%

9.56%-0.6pp

-21.93%+30.9pp

169.23%-160.2pp

Employer contribution / active EE

$427

$480-11.0%

$1,206-64.6%

$1,963-78.2%

Participant deferral / active EE

$837

$963-13.2%

$1,897-55.9%

$3,054-72.6%

Admin fee / account holder

$386

$365+5.9%

$2,697-85.7%

$504-23.4%

Provider

Service type

Compensation

SECURITIES AMERICA INC2+ years

Filed as: SECURITIES AMERICA, INC.

Service code 51 · EIN 11-2551174

12325 PORT GRACE BLVD. · LA VISTA, NE 68128

Investment Mgmt Fees

$12,796

ALERUS FINANCIAL, N.A.1 year

Filed as: ALERUS FINANCIAL NA

Service code 15 · EIN 45-0140105

TWO PINE TREE DRIVE, STE 400 · ARDEN HILLS, MN 55112

Recordkeeping

$8,042

KEMPER CPA GROUP LLP1 year

Filed as: KEMPER CPA GROUP, LLP

Service code 13 · EIN 37-0818432

100 SOUTH 4TH STREET, STE 300 · PADUCAH, KY 42001

Contract Administrator

$5,900

SYMMETRY PARTNERS, LLC1 year

Filed as: SYMMETRY

Service code 26 · EIN 06-1482171

628 HEBRON AVE, BUILDING 2 · GLASTONBURY, CT 06033

Advisory (Participants)

$5,684

KEMPER FINANCIAL ADVISORS2+ years

Service code 18 · EIN 35-2055440

302 E WALNUT STREET, PO BOX 694 · ROBINSON, IL 624540694

Custodial (other than securities)

MCL CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCL CORPORATION 401(K) PROFIT SHARING PLAN AND 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