Retirement plan

MAIN STREET CHECKS, INC. 401K PROF SHAR PL & TR

Name: MAIN STREET CHECKS, INC. - MAIN STREET CHECKS, INC. 401K PROF SHAR PL & TR (2015) Form 5500
Creator: MAIN STREET CHECKS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAIN STREET CHECKS, INC. 401K PROF SHAR PL & TR, MAIN STREET CHECKS, INC.

MAIN STREET CHECKS, INC.EIN 63-1201384Plan #001PY 2015

920 19TH STREET NORTH - BIRMINGHAM, AL 352031002205-323-0203mainstreetinc.comLinkedIn51-200 employeesfinancial services

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$1.1M

No prior year

Total participants

119

No prior year

Average account balance

$32,682

No prior year

Annual return

1.02%

No prior year

Benchmarks

See 1,746 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,746 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.86M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

124

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.

71.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$731K

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

+18.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$110

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

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 codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$435

$4 / participant

Other / not subdivided$435100.0%

% of EOY assets

0.039%

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

$32,682

$53,412-38.8%

$68,509-52.3%

$52,331-37.5%

Participation rate

24.8%

71.7%-46.9pp

74.7%-49.9pp

68.1%-43.3pp

Annual return

1.02%

3.42%-2.4pp

8.27%-7.2pp

4.54%-3.5pp

Employer contribution / active EE

$1,607-100.0%

$2,278-100.0%

$1,882-100.0%

Participant deferral / active EE

$1,628

$2,688-39.4%

$3,382-51.9%

$3,022-46.1%

Admin fee / account holder

$13

$461-97.2%

$5,275-99.8%

$592-97.8%

MAIN STREET CHECKS, INC. 401K PROF SHAR PL & TR

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAIN STREET CHECKS, INC. 401K PROF SHAR PL & TR

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