Retirement plan

MMR GROUP, INC. PROFIT SHARING PLAN

Name: MMR GROUP, INC. - MMR GROUP, INC. PROFIT SHARING PLAN (2019) Form 5500
Creator: MMR GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MMR GROUP, INC. PROFIT SHARING PLAN, MMR GROUP, INC.

MMR GROUP, INC.EIN 72-1046000Plan #002PY 2019

P.O. BOX 84210 - BATON ROUGE, LA 70884225-756-5090

Other plans on this EIN

1 filing

#003Retirement-$191K assets

Prospect flagsLow participationLow assets / participantLow employer contributionCorrective distributions

Top hat statement on fileNQDC

Filed May 15, 2013

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$46.7M

+30.0% from 2018

Total participants

4,132

-5.5% from 2018

Average account balance

$23,661

+20.7% from 2018

Annual return

23.47%

+26.90 pp from 2018

Benchmarks

See 440 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort440 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$85.78M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

1,503

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.

17.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.39M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+15.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$73

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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
S B H U LIFE AGENCY INC3 years Service code 49 · EIN 13-2896238	Other Services	$31,824
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS INS AGENCY LLC Service code 49 · EIN 54-0910269	Other Services	$17,580
EMPLOYEE FIDUCIARY, LLC5+ years Filed as: EMPLOYEE PLAN COMPLIANCE CO OF LA Service code 49	Other Services	$12,040
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS FINANCIAL NETW Service code 49 · EIN 48-1305000	Other Services	$10,796
PRINCIPAL LIFE INSURANCE COMPANY3 years Service code 13 · EIN 42-0127290	Contract Administrator	$6,067
EMPLOYEE FIDUCIARY, LLC3 years Filed as: EMPLOYEE PLAN COMPLIANCE CO OF LOUI Service code 49 · EIN 72-0837456	Other Services	$0
WILSHIRE ASSOCIATES INCORPORATED5+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3H

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.
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.
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.
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

4 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.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$52K

$15 / participant

Contract admin$52K100.0%

% of EOY assets

0.112%

all-in expense ratio

Categories reported

1 / 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: MADDOX AND ASSOCIATES, INC.
Auditor EIN: 721314069
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,661

$66,051-64.2%

$92,915-74.5%

$77,775-69.6%

Participation rate

36.2%

81.0%-44.8pp

76.0%-39.8pp

73.2%-37.0pp

Annual return

23.47%

20.69%+2.8pp

109.45%-86.0pp

32.58%-9.1pp

Employer contribution / active EE

$148

$3,426-95.7%

$3,653-96.0%

$2,504-94.1%

Participant deferral / active EE

$1,374

$3,013-54.4%

$4,238-67.6%

$3,966-65.3%

Admin fee / account holder

$26

$148-82.1%

$5,796-99.5%

$100-73.6%

Provider

Service type

Compensation

S B H U LIFE AGENCY INC3 years

Service code 49 · EIN 13-2896238

Other Services

$31,824

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO ADVISORS INS AGENCY LLC

Service code 49 · EIN 54-0910269

Other Services

$17,580

EMPLOYEE FIDUCIARY, LLC5+ years

Filed as: EMPLOYEE PLAN COMPLIANCE CO OF LA

Service code 49

Other Services

$12,040

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO ADVISORS FINANCIAL NETW

Service code 49 · EIN 48-1305000

Other Services

$10,796

PRINCIPAL LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 42-0127290

Contract Administrator

$6,067

EMPLOYEE FIDUCIARY, LLC3 years

Filed as: EMPLOYEE PLAN COMPLIANCE CO OF LOUI

Service code 49 · EIN 72-0837456

Other Services

WILSHIRE ASSOCIATES INCORPORATED5+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

MMR GROUP, INC. PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MMR GROUP, INC. PROFIT SHARING PLAN

Top hat statement on fileNQDC

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