Retirement plan

THE MRU INVEST IN YOUR FUTURE PLAN

Name: MANAGEMENT RESOURCES, INC. - THE MRU INVEST IN YOUR FUTURE PLAN (2023) Form 5500
Creator: MANAGEMENT RESOURCES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE MRU INVEST IN YOUR FUTURE PLAN, MANAGEMENT RESOURCES, INC.

MANAGEMENT RESOURCES, INC.EIN 65-0633679Plan #001PY 2023

700 S ROYAL POINCIANA BLVD,, SUITE 100 - MIAMI SPRINGS, FL 33166305-442-9223

Prospect flagsLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$2.6M

+27.7% from 2022

Total participants

166

+3.8% from 2022

Average account balance

$15,987

+20.7% from 2022

Annual return

12.98%

+29.77 pp from 2022

Benchmarks

See 1,530 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,530 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.64M

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

163

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.

81.7%

Not enough data

1 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

+10.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$124

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 3 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781	Recordkeeping	$13,511
THE BENEFIT PRACTICE4 years Service code 15 · EIN 13-4144565	Recordkeeping	$2,250
MESIROW FINANCIAL INVESTMENT MANAGE4 years Filed as: MESIROW FINANCIAL, INC. Service code 27 · EIN 36-3194849	Advisory (Plan)	$415

Plan features & details

Pension benefit codes2A2E2F2G3D3H

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.
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.
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

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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

$16K

$100 / participant

Contract admin$16K100.0%

% of EOY assets

0.621%

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: ROSALINE MENDOZA, CPA, PA
Auditor EIN: 271323021
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,987

$65,582-75.6%

$64,101-75.1%

$71,511-77.6%

Participation rate

98.1%

73.2%+25.0pp

72.3%+25.8pp

67.9%+30.2pp

Annual return

12.98%

18.96%-6.0pp

33.72%-20.7pp

28.86%-15.9pp

Employer contribution / active EE

$2,655

$2,671-0.6%

$2,749-3.4%

$2,589+2.5%

Participant deferral / active EE

$3,628-100.0%

$3,881-100.0%

$4,291-100.0%

Admin fee / account holder

$99

$616-83.9%

$3,070-96.8%

$1,588-93.8%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA LIFE INSURANCE COMPANY

Service code 15 · EIN 39-0989781

Recordkeeping

$13,511

THE BENEFIT PRACTICE4 years

Service code 15 · EIN 13-4144565

Recordkeeping

$2,250

MESIROW FINANCIAL INVESTMENT MANAGE4 years

Filed as: MESIROW FINANCIAL, INC.

Service code 27 · EIN 36-3194849

Advisory (Plan)

$415

THE MRU INVEST IN YOUR FUTURE PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE MRU INVEST IN YOUR FUTURE 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