Retirement plan

MCKAY USED BOOKS & CDS, INC. PROFIT SHARING PLAN

Name: MCKAY USED BOOKS, INC. - MCKAY USED BOOKS & CDS, INC. PROFIT SHARING PLAN (2024) Form 5500
Creator: MCKAY USED BOOKS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCKAY USED BOOKS & CDS, INC. PROFIT SHARING PLAN, MCKAY USED BOOKS, INC.

MCKAY USED BOOKS, INC.EIN 62-1321324Plan #001PY 2024

7734 LEE HIGHWAY - CHATTANOOGA, TN 374211028423-892-5375mckaybooks.comLinkedIn11-50 employeeswriting and editing

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$11.3M

+18.2% from 2023

Total participants

264

+2.3% from 2023

Average account balance

$42,833

+15.5% from 2023

Annual return

13.50%

-0.82 pp from 2023

Benchmarks

See 490 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort490 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.27M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

263

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.

99.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$976K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$294

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 1 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES10+ years Filed as: RAYMOND JAMES & ASSOCIATES Service code 19 · EIN 59-1237041	Securities Custodian	$76,525

Plan features & details

Pension benefit codes2A2E2J3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$77K

$432 / participant

Contract admin$7501.0%
Other / not subdivided$77K99.0%

% of EOY assets

0.686%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WILKINS, CREWS & ASSOCIATES
Auditor EIN: 203250784
Audit fees: $76,525
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,833

$59,006-27.4%

$97,260-56.0%

$74,459-42.5%

Participation rate

99.4%

63.7%+35.7pp

72.7%+26.8pp

67.2%+32.2pp

Annual return

13.50%

16.04%-2.5pp

75.54%-62.0pp

1369.70%-1356.2pp

Employer contribution / active EE

$3,434

$1,894+81.3%

$2,721+26.2%

$2,626+30.8%

Participant deferral / active EE

$2,020

$3,671-45.0%

$4,262-52.6%

$4,350-53.5%

Admin fee / account holder

$294

$1,974-85.1%

$5,640-94.8%

$1,945-84.9%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES10+ years

Filed as: RAYMOND JAMES & ASSOCIATES

Service code 19 · EIN 59-1237041

Securities Custodian

$76,525

MCKAY USED BOOKS & CDS, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCKAY USED BOOKS & CDS, INC. 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