Retirement plan

EMPLOYEES' PROFIT SHARING PLAN FOR EMPLOYEES OF MECHANICS LAUNDRY SERVICE, INC.

Name: MECHANICS LAUNDRY SERVICE, INC. - EMPLOYEES' PROFIT SHARING PLAN FOR EMPLOYEES OF MECHANICS LAUNDRY SERVICE, INC. (2019) Form 5500
Creator: MECHANICS LAUNDRY SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEES' PROFIT SHARING PLAN FOR EMPLOYEES OF MECHANICS LAUNDRY SERVICE, INC., MECHANICS LAUNDRY SERVICE, INC.

MECHANICS LAUNDRY SERVICE, INC.EIN 62-0436417Plan #001PY 2019

3276 DEMOCRAT ROAD, SUITE 1 - MEMPHIS, TN 38118901-363-4841

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.7M

+20.4% from 2018

Total participants

0.0% from 2018

Average account balance

$223,911

+20.4% from 2018

Annual return

20.22%

+25.11 pp from 2018

Benchmarks

See 35,119 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort35,119 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.89M

Not enough data

1 years with asset history on file

Average account balance

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

$415K

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.

146.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$38K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+17.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3463

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

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G3D

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$32K

$2263 / participant

Other / not subdivided$32K100.0%

% of EOY assets

0.674%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$223,911

$103,008+117.4%

$90,304+148.0%

$152,897+46.4%

Participation rate

100.0%

75.9%+24.1pp

73.3%+26.7pp

82.5%+17.5pp

Annual return

20.22%

95.22%-75.0pp

78.13%-57.9pp

345.43%-325.2pp

Employer contribution / active EE

$2,857

$3,139-9.0%

$2,855+0.1%

$4,764-40.0%

Participant deferral / active EE

$4,281-100.0%

$3,885-100.0%

$5,851-100.0%

Admin fee / account holder

$1,509

$6,175-75.6%

$5,354-71.8%

$11,599-87.0%

EMPLOYEES' PROFIT SHARING PLAN FOR EMPLOYEES OF MECHANICS LAUNDRY SERVICE, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEES' PROFIT SHARING PLAN FOR EMPLOYEES OF MECHANICS LAUNDRY SERVICE, INC.

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