Retirement plan

MCDANIEL MACHINERY 401(K) PROFIT SHARING PLAN

Name: MCDANIEL MACHINERY, INC. - MCDANIEL MACHINERY 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: MCDANIEL MACHINERY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCDANIEL MACHINERY 401(K) PROFIT SHARING PLAN, MCDANIEL MACHINERY, INC.

MCDANIEL MACHINERY, INC.EIN 63-1075476Plan #001PY 2022

2870 OLD ROCKY RIDGE ROAD, #105 - BIRMINGHAM, AL 35243205-937-2059mcdanielmachine.comLinkedIn1-10 employees

Other plans on this EIN

1 filing

#002Retirement-$635K assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$142K

+105.6% from 2021

Total participants

0.0% from 2021

Average account balance

$47,422

+105.6% from 2021

Annual return

2.36%

+2.36 pp from 2021

Benchmarks

See 23,464 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,464 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$284K

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+8.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1331

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 codes2E2F2G2J

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.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$16

$4 / participant

Other / not subdivided$16100.0%

% of EOY assets

0.011%

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

$47,422

$142,392-66.7%

$119,622-60.4%

$134,532-64.8%

Participation rate

75.0%

82.8%-7.8pp

79.3%-4.3pp

81.2%-6.2pp

Annual return

2.36%

-12.46%+14.8pp

-14.98%+17.3pp

418.27%-415.9pp

Employer contribution / active EE

$17,858

$5,224+241.9%

$4,232+322.0%

$4,741+276.7%

Participant deferral / active EE

$6,467-100.0%

$5,601-100.0%

$6,401-100.0%

Admin fee / account holder

$13,593-100.0%

$10,328-99.9%

$11,429-100.0%

MCDANIEL MACHINERY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCDANIEL MACHINERY 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