Retirement plan

MNS, LTD. PROFIT-SHARING PLAN

Name: MNS, LTD. - MNS, LTD. PROFIT-SHARING PLAN (2020) Form 5500
Creator: MNS, LTD.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MNS, LTD. PROFIT-SHARING PLAN, MNS, LTD.

MNS, LTD.dba ABC STORESEIN 71-1007574Plan #001PY 2020

766 POHUKAINA STREET - HONOLULU, HI 968135307808-591-2550

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$201.8M

-8.1% from 2016

Total participants

1,726

+80.3% from 2016

Average account balance

$127,644

-100.0% from 2016

Annual return

12.80%

-9.74 pp from 2016

Benchmarks

See 348 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort348 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$265.76M

Not enough data

1 years with asset history on file

Average account balance

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

$150K

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.

1,775

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.

79.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.61M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+15.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$473

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 8 by compensation

Provider	Service type	Compensation
AMERICAN UNITED LIFE INSURANCE CO1 year Filed as: ONEAMERICA RETIREMENT SERVICES, LLC Service code 15 · EIN 46-5378846	Recordkeeping	$269,964
THE LONDON COMPANY6+ years Service code 28 · EIN 99-0824693	Investment Management	$128,905
GAMCO ASSET MANAGEMENT1 year Filed as: GAMCO ASSET MANAGEMENT INC. Service code 28 249 ROYAL PALM WAY, SUITE 503 · PALM BEACH, FL 33480	Investment Management	$78,906
SAGEVIEW ADVISORY GROUP, LLC2 years Filed as: SAGEVIEW Service code 17 900 FORT STREET MALL, PIONEER PLAZA · HONOLULU, HI 96813	Pension Consulting	$60,000
NUVEEN2 years Service code 28 25604 NETWORK PLACE · CHICAGO, IL 606731256	Investment Management	$49,577
ATALANTA SOSNOFF6+ years Filed as: ATALANTA SOSNOFF CAPITAL CORP Service code 28 · EIN 13-3098641	Investment Management	$45,330
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO/WELLS CAPITAL Service code 28 PO BOX 1450 · MINNEAPOLIS, MA 554855159	Investment Management	$37,834
MATRIX TRUST COMPANY6+ years Filed as: MG TRUST CO. DBA MATRIX TRUST CO. Service code 18 · EIN 75-3182674	Finders' fees / placement fees; Custo...	$22,225

Plan features & details

Pension benefit codes2E2F2H2J2K2R3H

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$715K

$444 / participant

Investment mgmt$341K47.6%
Contract admin$307K43.0%
Other / not subdivided$67K9.4%

% of EOY assets

0.354%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: ACCUITY, LLP
Auditor EIN: 205325889
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$127,644

$43,466+193.7%

$90,974+40.3%

$90,274+41.4%

Participation rate

91.0%

62.5%+28.5pp

69.0%+22.0pp

73.4%+17.6pp

Annual return

12.80%

25.26%-12.5pp

134.60%-121.8pp

53.97%-41.2pp

Employer contribution / active EE

$995

$840+18.5%

$2,122-53.1%

$2,523-60.6%

Participant deferral / active EE

$2,391

$2,138+11.8%

$3,373-29.1%

$4,231-43.5%

Admin fee / account holder

$452

$92+392.2%

$5,961-92.4%

$114+296.4%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO1 year

Filed as: ONEAMERICA RETIREMENT SERVICES, LLC

Service code 15 · EIN 46-5378846

Recordkeeping

$269,964

THE LONDON COMPANY6+ years

Service code 28 · EIN 99-0824693

Investment Management

$128,905

GAMCO ASSET MANAGEMENT1 year

Filed as: GAMCO ASSET MANAGEMENT INC.

Service code 28

249 ROYAL PALM WAY, SUITE 503 · PALM BEACH, FL 33480

Investment Management

$78,906

SAGEVIEW ADVISORY GROUP, LLC2 years

Filed as: SAGEVIEW

Service code 17

900 FORT STREET MALL, PIONEER PLAZA · HONOLULU, HI 96813

Pension Consulting

$60,000

NUVEEN2 years

Service code 28

25604 NETWORK PLACE · CHICAGO, IL 606731256

Investment Management

$49,577

ATALANTA SOSNOFF6+ years

Filed as: ATALANTA SOSNOFF CAPITAL CORP

Service code 28 · EIN 13-3098641

Investment Management

$45,330

WELLS FARGO BANK, N.A.2 years

Filed as: WELLS FARGO/WELLS CAPITAL

Service code 28

PO BOX 1450 · MINNEAPOLIS, MA 554855159

Investment Management

$37,834

MATRIX TRUST COMPANY6+ years

Filed as: MG TRUST CO. DBA MATRIX TRUST CO.

Service code 18 · EIN 75-3182674

Finders' fees / placement fees; Custo...

$22,225

MNS, LTD. PROFIT-SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MNS, LTD. PROFIT-SHARING 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