Retirement plan

MERCER CAPITAL MANAGEMENT, INC. PROFIT SHARING 401(K) PLAN

Name: MERCER CAPITAL MANAGEMENT, INC. - MERCER CAPITAL MANAGEMENT, INC. PROFIT SHARING 401(K) PLAN (2023) Form 5500
Creator: MERCER CAPITAL MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MERCER CAPITAL MANAGEMENT, INC. PROFIT SHARING 401(K) PLAN, MERCER CAPITAL MANAGEMENT, INC.

MERCER CAPITAL MANAGEMENT, INC.EIN 62-1154641Plan #001PY 2023

5100 POPLAR AVENUE, SUITE 2600 - MEMPHIS, TN 38137901-685-2120

Other plans on this EIN

1 filing

#002Retirement-$18.1M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$21.3M

+21.8% from 2022

Total participants

+6.0% from 2022

Average account balance

$308,858

+14.7% from 2022

Annual return

18.11%

+35.47 pp from 2022

Benchmarks

See 583 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants25-99

Cohort583 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.97M

Not enough data

1 years with asset history on file

Average account balance

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

$368K

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.

149.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$950K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+16.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7583

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 codes2E2F2G2J2T3D

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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$318K

$6115 / participant

Other / not subdivided$318K100.0%

% of EOY assets

1.492%

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

$308,858

$90,745+240.4%

$130,231+137.2%

$75,173+310.9%

Participation rate

96.2%

71.1%+25.1pp

76.3%+19.9pp

67.2%+29.0pp

Annual return

18.11%

34.45%-16.3pp

38.86%-20.8pp

160.72%-142.6pp

Employer contribution / active EE

$4,410

$3,314+33.1%

$4,126+6.9%

$2,671+65.1%

Participant deferral / active EE

$12,518

$5,362+133.4%

$6,799+84.1%

$4,126+203.4%

Admin fee / account holder

$4,608

$6,331-27.2%

$6,020-23.4%

$5,651-18.4%

MERCER CAPITAL MANAGEMENT, INC. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MERCER CAPITAL MANAGEMENT, INC. PROFIT SHARING 401(K) 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