Retirement plan

MODULAR SERVICES COMPANY 401(K) PROFIT SHARING PLAN

Name: MODULAR SERVICES COMPANY - MODULAR SERVICES COMPANY 401(K) PROFIT SHARING PLAN (2021) 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 2021

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$13.1M

+11.3% from 2020

Total participants

105

-2.8% from 2020

Average account balance

$132,586

+14.7% from 2020

Annual return

12.09%

+4.97 pp from 2020

Benchmarks

See 14,568 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,568 peers

Snapshot2021

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 3 by compensation

Provider	Service type	Compensation
CENTRAL TRUST COMPANY1 year Service code 27 · EIN 43-0632950	Advisory (Plan)	$16,448
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$12,805
WELLS FARGO BANK, N.A.5 years Service code 15 · EIN 94-1347393	Recordkeeping	$8,099

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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$40K

$447 / participant

Investment mgmt$12K31.0%
Contract admin$13K31.8%
Other / not subdivided$15K37.2%

% of EOY assets

0.307%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$132,586

$86,294+53.6%

$111,303+19.1%

$85,856+54.4%

Participation rate

93.3%

73.3%+20.0pp

77.3%+16.0pp

69.3%+24.0pp

Annual return

12.09%

19.99%-7.9pp

54.66%-42.6pp

318.58%-306.5pp

Employer contribution / active EE

$6,125

$2,043+199.7%

$2,731+124.3%

$2,565+138.8%

Participant deferral / active EE

$4,530

$3,641+24.4%

$4,487+0.9%

$3,952+14.6%

Admin fee / account holder

$406

$8,189-95.0%

$7,966-94.9%

$6,261-93.5%

Provider

Service type

Compensation

CENTRAL TRUST COMPANY1 year

Service code 27 · EIN 43-0632950

Advisory (Plan)

$16,448

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$12,805

WELLS FARGO BANK, N.A.5 years

Service code 15 · EIN 94-1347393

Recordkeeping

$8,099

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