Retirement plan

MAYBORN ENTERPRISES THRIFT INCENTIVE PLAN AND TRUST

Name: FRANK MAYBORN ENTERPRISES, INC - MAYBORN ENTERPRISES THRIFT INCENTIVE PLAN AND TRUST (2015) Form 5500
Creator: FRANK MAYBORN ENTERPRISES, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAYBORN ENTERPRISES THRIFT INCENTIVE PLAN AND TRUST, FRANK MAYBORN ENTERPRISES, INC

FRANK MAYBORN ENTERPRISES, INCEIN 74-2008402Plan #002PY 2015

P.O. BOX 6114 - TEMPLE, TX 76503254-778-4444LinkedIn201-500 employeespublishing

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$4.5M

No prior year

Total participants

161

No prior year

Average account balance

$35,760

No prior year

Annual return

0.60%

No prior year

Benchmarks

See 825 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort825 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.24M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$49K

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

+9.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$493

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 3 by compensation

Provider	Service type	Compensation
FNB WEALTH MANAGEMENT1+ years Filed as: FNB - TEMPLE (EXTRACO) Service code 21 · EIN 74-0935612 18 SOUTH MAIN ST · TEMPLE, TX 76501	Bank Trustee	$22,262
LUDWICK, MONTGOMERY,& STAPP, P.C.1+ years Filed as: LUDWICK,TEMPLIN,MONTGOMERY,STAPP Service code 10 · EIN 74-2243906 1949 SCOTT BLVD · TEMPLE, TX 76504	Accounting	$8,735
JULY BUSINESS SERVICES1+ years Service code 15 · EIN 74-2715820 PO BOX 2208 · WACO, TX 76703	Recordkeeping	$7,989

Plan features & details

Pension benefit codes2A2E2K

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.
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.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$284 / participant

Contract admin$30K76.0%
Other / not subdivided$10K24.0%

% of EOY assets

0.877%

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: LUDWICK,TEMPLIN,MONTGOMERY,& STAPP
Auditor EIN: 742243906
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,760

$48,313-26.0%

$73,309-51.2%

$52,331-31.7%

Participation rate

75.7%

68.6%+7.2pp

74.9%+0.8pp

68.1%+7.6pp

Annual return

0.60%

3.85%-3.2pp

5.67%-5.1pp

4.54%-3.9pp

Employer contribution / active EE

$1,661-100.0%

$3,237-100.0%

$1,882-100.0%

Participant deferral / active EE

$862

$4,189-79.4%

$4,991-82.7%

$3,022-71.5%

Admin fee / account holder

$314

$404-22.4%

$5,635-94.4%

$592-47.0%

Provider

Service type

Compensation

FNB WEALTH MANAGEMENT1+ years

Filed as: FNB - TEMPLE (EXTRACO)

Service code 21 · EIN 74-0935612

18 SOUTH MAIN ST · TEMPLE, TX 76501

Bank Trustee

$22,262

LUDWICK, MONTGOMERY,& STAPP, P.C.1+ years

Filed as: LUDWICK,TEMPLIN,MONTGOMERY,STAPP

Service code 10 · EIN 74-2243906

1949 SCOTT BLVD · TEMPLE, TX 76504

Accounting

$8,735

JULY BUSINESS SERVICES1+ years

Service code 15 · EIN 74-2715820

PO BOX 2208 · WACO, TX 76703

Recordkeeping

$7,989

MAYBORN ENTERPRISES THRIFT INCENTIVE PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAYBORN ENTERPRISES THRIFT INCENTIVE PLAN AND TRUST

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