Retirement plan

MCCOY TREE SURGERY CO. 401(K) PROFIT SHARING PLAN

Name: MCCOY TREE SURGERY CO. - MCCOY TREE SURGERY CO. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: MCCOY TREE SURGERY CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCCOY TREE SURGERY CO. 401(K) PROFIT SHARING PLAN, MCCOY TREE SURGERY CO.

MCCOY TREE SURGERY CO.EIN 73-0756328Plan #001PY 2022

3201 BROCE DRIVE - NORMAN, OK 73072405-579-6000mccoytreesurgery.comLinkedIn51-200 employees

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$2.3M

-14.9% from 2021

Total participants

102

-13.6% from 2021

Average account balance

$68,214

-7.4% from 2021

Annual return

-11.41%

-22.54 pp from 2021

Benchmarks

See 4,928 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants25-99

Cohort4,928 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.33M

Not enough data

1 years with asset history on file

Average account balance

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

$119K

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.

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.

35.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$159K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10369

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
NATIONWIDE8+ years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$18,999
JP MORGAN INVESTMENT MANAGEMENT INC7+ years Filed as: MEEDER INVESTMENT MANAGEMENT Service code 26 · EIN 31-1332744 6125 MEMORIAL DRIVE · DUBLIN, OH 43017	Advisory (Participants)	$13,053
PENSION ASSURANCE LLP7+ years Filed as: PENSION SOLUTIONS Service code 13 · EIN 73-1521434 9116 N KELLEY AVENUE · OKLAHOMA CITY, OK 73131	Contract Administrator	$641

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$33K

$367 / participant

Investment mgmt$33K100.0%

% of EOY assets

1.410%

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: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,214

$45,872+48.7%

$77,096-11.5%

$68,486-0.4%

Participation rate

23.6%

55.9%-32.3pp

67.9%-44.3pp

Annual return

-11.41%

1.73%-13.1pp

42.35%-53.8pp

-7.85%-3.6pp

Employer contribution / active EE

$396

$1,650-76.0%

$2,814-85.9%

$2,597-84.7%

Participant deferral / active EE

$1,120

$2,963-62.2%

$4,429-74.7%

$4,028-72.2%

Admin fee / account holder

$962

$3,041-68.4%

$5,428-82.3%

$5,404-82.2%

Provider

Service type

Compensation

NATIONWIDE8+ years

Service code 15 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$18,999

JP MORGAN INVESTMENT MANAGEMENT INC7+ years

Filed as: MEEDER INVESTMENT MANAGEMENT

Service code 26 · EIN 31-1332744

6125 MEMORIAL DRIVE · DUBLIN, OH 43017

Advisory (Participants)

$13,053

PENSION ASSURANCE LLP7+ years

Filed as: PENSION SOLUTIONS

Service code 13 · EIN 73-1521434

9116 N KELLEY AVENUE · OKLAHOMA CITY, OK 73131

Contract Administrator

$641

MCCOY TREE SURGERY CO. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCCOY TREE SURGERY CO. 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