Retirement plan

MERCHANT SERVICES OF OKLAHOMA 401(K) RETIREMENT PLAN

Name: MERCHANT SERVICES OF OKLAHOMA, INC. - MERCHANT SERVICES OF OKLAHOMA 401(K) RETIREMENT PLAN (2021) Form 5500
Creator: MERCHANT SERVICES OF OKLAHOMA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MERCHANT SERVICES OF OKLAHOMA 401(K) RETIREMENT PLAN, MERCHANT SERVICES OF OKLAHOMA, INC.

MERCHANT SERVICES OF OKLAHOMA, INC.EIN 65-1308434Plan #001PY 2021

2642 E. 58TH STREET - TULSA, OK 741057306918-852-4181merchantservicesofoklahoma.comLinkedIn1-10 employeesconsumer services

Prospect flagsLow participationHigh assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$642K

+14.2% from 2020

Total participants

+25.0% from 2020

Average account balance

$641,750

+14.2% from 2020

Annual return

9.38%

-0.83 pp from 2020

Benchmarks

See 22,593 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,593 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.00M

Not enough data

1 years with asset history on file

Average account balance

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

$201K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$127K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+8.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2J2T2F2G3D

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$1 / participant

Other / not subdivided$5100.0%

% of EOY assets

0.001%

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

$641,750

$176,838+262.9%

$146,685+337.5%

$167,518+283.1%

Participation rate

20.0%

83.6%-63.6pp

80.1%-60.1pp

82.1%-62.1pp

Annual return

9.38%

24.04%-14.7pp

22.75%-13.4pp

478.71%-469.3pp

Employer contribution / active EE

$176

$5,161-96.6%

$4,137-95.7%

$4,838-96.4%

Participant deferral / active EE

$5,200

$6,441-19.3%

$5,507-5.6%

$6,342-18.0%

Admin fee / account holder

$13,262-100.0%

$10,281-100.0%

$12,312-100.0%

MERCHANT SERVICES OF OKLAHOMA 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MERCHANT SERVICES OF OKLAHOMA 401(K) RETIREMENT 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