Retirement plan

MCDERMOTT SAVINGS PLAN

Name: MCDERMOTT INVESTMENTS - MCDERMOTT SAVINGS PLAN (2019) Form 5500
Creator: MCDERMOTT INVESTMENTS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCDERMOTT SAVINGS PLAN, MCDERMOTT INVESTMENTS

MCDERMOTT INVESTMENTSEIN 74-1032246Plan #004PY 2019

915 N ELDRIDGE PARKWAY - HOUSTON, TX 77079281-870-5243

Other plans on this EIN

3 filings

#001Retirement-$6.6M assets #002Retirement-$3.2M assets #003Retirement-$2.2M assets

Prospect flagsLow participationFailed to provide benefitCorrective distributions

Top hat statement on fileNQDC

Filed February 26, 1993

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)

$1687.5M

-3.0% from 2020

Total participants

18,333

+58.9% from 2020

Average account balance

$140,378

-19.9% from 2020

Annual return

875.08%

+858.74 pp from 2020

Benchmarks

See 49 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants>=10,000

Cohort49 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.35B

Not enough data

1 years with asset history on file

Average account balance

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

$151K

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.

8,951

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.

55.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$34.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$-1

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
STRATEGIC ADVISORS, INC.1+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$136,243
MERCER1+ years Filed as: PAVILION ADVISORY GROUP INC Service code 16 · EIN 04-3831795	Consulting	$107,591
WILLIS TOWERS WATSON US LLC1+ years Filed as: WILLIS TOWERS WATSON Service code 16 · EIN 52-1868818	Consulting	$66,466
ESLER & VANDERSCHAAFF CO., L.P.A1+ years Filed as: ESLER & VANDERSCHAAFF CO., L.P.A. Service code 16 · EIN 31-1399107	Consulting	$65,607
CALVETTI FERGUSON1+ years Service code 10 · EIN 13-4255527	Accounting	$53,500
LJ MOSBY, P.C.1+ years Service code 10 · EIN 84-1656069	Accounting	$28,000
FIDELITY INVESTMENTS INSTITUTIONAL1+ years Service code 25 · EIN 04-2647786	Directed Trustee	-$314,841

Plan features & details

Pension benefit codes2E2G2J2K2R2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$131K

$12 / participant

Investment mgmt$136K104.1%

% of EOY assets

0.008%

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: CALVETTI FERGUSON, PC
Auditor EIN: 134255527
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$140,378

$49,105+185.9%

$92,916+51.1%

$89,609+56.7%

Participation rate

44.0%

79.0%-35.0pp

76.0%-32.0pp

69.6%-25.6pp

Annual return

875.08%

32.35%+842.7pp

109.45%+765.6pp

33.65%+841.4pp

Employer contribution / active EE

$2,734

$3,373-18.9%

$3,654-25.2%

$2,584+5.8%

Participant deferral / active EE

$4,807

$2,531+89.9%

$4,238+13.4%

$4,222+13.9%

Admin fee / account holder

$11

$93-88.2%

$5,796-99.8%

$72-84.8%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.1+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$136,243

MERCER1+ years

Filed as: PAVILION ADVISORY GROUP INC

Service code 16 · EIN 04-3831795

Consulting

$107,591

WILLIS TOWERS WATSON US LLC1+ years

Filed as: WILLIS TOWERS WATSON

Service code 16 · EIN 52-1868818

Consulting

$66,466

ESLER & VANDERSCHAAFF CO., L.P.A1+ years

Filed as: ESLER & VANDERSCHAAFF CO., L.P.A.

Service code 16 · EIN 31-1399107

Consulting

$65,607

CALVETTI FERGUSON1+ years

Service code 10 · EIN 13-4255527

Accounting

$53,500

LJ MOSBY, P.C.1+ years

Service code 10 · EIN 84-1656069

Accounting

$28,000

FIDELITY INVESTMENTS INSTITUTIONAL1+ years

Service code 25 · EIN 04-2647786

Directed Trustee

-$314,841

MCDERMOTT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCDERMOTT SAVINGS 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