Retirement plan

MAVERICK ENTERTAINMENT GROUP I 401K PROFIT SHARING PLAN TRUST

Name: MAVERICK ENTERTAINMENT GROUP I - MAVERICK ENTERTAINMENT GROUP I 401K PROFIT SHARING PLAN TRUST (2022) Form 5500
Creator: MAVERICK ENTERTAINMENT GROUP I
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAVERICK ENTERTAINMENT GROUP I 401K PROFIT SHARING PLAN TRUST, MAVERICK ENTERTAINMENT GROUP I

MAVERICK ENTERTAINMENT GROUP IEIN 65-0756529Plan #001PY 2022

1166 W. NEWPORT CENTER DRIVE, SUITE 214 - DEERFIELD BEACH, FL 33442305-866-6266maverickentertainment.ccLinkedIn11-50 employeesmusic

Other plans on this EIN

1 filing

#002Retirement-$577K assets

Prospect flagsLow returnsLow fidelity bond

How to read this page

Total assets (EOY)

$378K

+10.1% from 2021

Total participants

+6.7% from 2021

Average account balance

$25,169

-4.6% from 2021

Annual return

-20.70%

-36.40 pp from 2021

Benchmarks

See 22,373 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,373 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$651K

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

116.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$43K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$205

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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$25,169

$100,792-75.0%

$86,691-71.0%

$134,509-81.3%

Participation rate

91.7%

78.9%+12.7pp

76.6%+15.1pp

81.2%+10.4pp

Annual return

-20.70%

29.08%-49.8pp

35.94%-56.6pp

418.13%-438.8pp

Employer contribution / active EE

$3,778

$3,491+8.2%

$2,837+33.2%

$4,741-20.3%

Participant deferral / active EE

$5,020

$5,339-6.0%

$4,656+7.8%

$6,400-21.6%

Admin fee / account holder

$10,924-100.0%

$7,492-100.0%

$11,427-100.0%

MAVERICK ENTERTAINMENT GROUP I 401K PROFIT SHARING PLAN TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

MAVERICK ENTERTAINMENT GROUP I 401K PROFIT SHARING PLAN TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion