Retirement plan

MODULAR SERVICES COMPANY 401(K) PROFIT SHARING PLAN

Name: MODULAR SERVICES COMPANY - MODULAR SERVICES COMPANY 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: MODULAR SERVICES COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MODULAR SERVICES COMPANY 401(K) PROFIT SHARING PLAN, MODULAR SERVICES COMPANY

MODULAR SERVICES COMPANYEIN 73-0700168Plan #001PY 2020

500 E. BRITTON ROAD - OKLAHOMA CITY, OK 73114405-521-9923modularservices.comLinkedIn51-200 employeeshospital & health care

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$11.8M

-11.4% from 2019

Total participants

108

-7.7% from 2019

Average account balance

$115,591

-1.8% from 2019

Annual return

7.11%

-9.16 pp from 2019

Benchmarks

See 14,879 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,879 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.23M

Not enough data

1 years with asset history on file

Average account balance

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

$140K

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.

102

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.

88.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+10.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7046

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

Top 2 by compensation

Provider	Service type	Compensation
ADP BROKER-DEALER6+ years Filed as: PENSION CONSULTANTS Service code 27 · EIN 43-1685158	Advisory (Plan)	$29,078
WELLS FARGO BANK, N.A.4 years Service code 15 · EIN 94-1347393	Recordkeeping	$18,394

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

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

$47K

$533 / participant

Other / not subdivided$47K100.0%

% of EOY assets

0.403%

all-in expense ratio

Categories reported

0 / 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: ARLEDGE & ASSOCIATES, PC
Auditor EIN: 731185089
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$115,591

$78,423+47.4%

$95,964+20.5%

$79,856+44.7%

Participation rate

93.3%

73.5%+19.8pp

77.1%+16.2pp

69.6%+23.6pp

Annual return

7.11%

19.37%-12.3pp

91.64%-84.5pp

31.71%-24.6pp

Employer contribution / active EE

$5,833

$1,945+199.8%

$2,541+129.5%

$2,471+136.0%

Participant deferral / active EE

$3,975

$3,440+15.5%

$4,167-4.6%

$3,741+6.3%

Admin fee / account holder

$465

$5,622-91.7%

$6,797-93.2%

$5,306-91.2%

Provider

Service type

Compensation

ADP BROKER-DEALER6+ years

Filed as: PENSION CONSULTANTS

Service code 27 · EIN 43-1685158

Advisory (Plan)

$29,078

WELLS FARGO BANK, N.A.4 years

Service code 15 · EIN 94-1347393

Recordkeeping

$18,394

MODULAR SERVICES COMPANY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MODULAR SERVICES COMPANY 401(K) 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