Retirement plan

MMM HOLDINGS LLC 1081.01 RETIREMENT PLAN AND TRUST

Name: MMM HOLDINGS LLC - MMM HOLDINGS LLC 1081.01 RETIREMENT PLAN AND TRUST (2018) Form 5500
Creator: MMM HOLDINGS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MMM HOLDINGS LLC 1081.01 RETIREMENT PLAN AND TRUST, MMM HOLDINGS LLC

MMM HOLDINGS LLCEIN 66-0588600Plan #001PY 2018

350 CHARDON AVE SUITE 500, TORRE CHARDON - SAN JUAN, PR 00918787-622-3000

Prospect flagsLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$34.8M

+4.9% from 2017

Total participants

2,617

+6.6% from 2017

Average account balance

$16,177

+1.2% from 2017

Annual return

-3.01%

-15.69 pp from 2017

Benchmarks

See 547 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort547 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$97.64M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

4,929

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.

96.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$18.35M

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

+15.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$33

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 10 of 15 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Filed as: MASSACHUSETS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$34,504
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY WEALTH MANAGEMENT Service code 27 · EIN 26-4310632	Advisory (Plan)	$32,920
AMERICAN CENTURY2 years Service code 52 · EIN 44-6006315	Indirect Investment Fees	$0
COLUMBIA2 years Service code 52 · EIN 41-1458705	Indirect Investment Fees	$0
GOLDMAN SACHS2 years Service code 52 · EIN 13-5108880	Indirect Investment Fees	$0
INVESCO2 years Service code 52 · EIN 36-4494062	Indirect Investment Fees	$0
IVY FUNDS2 years Service code 52 · EIN 04-6006759	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY2 years Filed as: JP MORGAN Service code 52 · EIN 13-4161079	Indirect Investment Fees	$0
LEGG MASON2 years Service code 52 · EIN 52-1200960	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 49 · EIN 26-4310632	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2T3C

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.
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.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.

Opportunity flags

4 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$67K

$28 / participant

Contract admin$67K100.0%

% of EOY assets

0.194%

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: KPMG LLP
Auditor EIN: 135565207
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,177

$82,546-80.4%

$140,019-88.4%

$75,289-78.5%

Participation rate

81.0%

88.4%-7.3pp

87.5%-6.5pp

72.4%+8.6pp

Annual return

-3.01%

-0.36%-2.7pp

651.17%-654.2pp

-0.04%-3.0pp

Employer contribution / active EE

$447

$3,856-88.4%

$5,605-92.0%

$2,405-81.4%

Participant deferral / active EE

$2,017

$5,731-64.8%

$6,927-70.9%

$3,739-46.0%

Admin fee / account holder

$31

$86-63.5%

$10,705-99.7%

$102-69.4%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Filed as: MASSACHUSETS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$34,504

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY WEALTH MANAGEMENT

Service code 27 · EIN 26-4310632

Advisory (Plan)

$32,920

AMERICAN CENTURY2 years

Service code 52 · EIN 44-6006315

Indirect Investment Fees

COLUMBIA2 years

Service code 52 · EIN 41-1458705

Indirect Investment Fees

GOLDMAN SACHS2 years

Service code 52 · EIN 13-5108880

Indirect Investment Fees

INVESCO2 years

Service code 52 · EIN 36-4494062

Indirect Investment Fees

IVY FUNDS2 years

Service code 52 · EIN 04-6006759

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY2 years

Filed as: JP MORGAN

Service code 52 · EIN 13-4161079

Indirect Investment Fees

LEGG MASON2 years

Service code 52 · EIN 52-1200960

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY3 years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 49 · EIN 26-4310632

Other Services

MMM HOLDINGS LLC 1081.01 RETIREMENT PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MMM HOLDINGS LLC 1081.01 RETIREMENT PLAN AND TRUST

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