Retirement plan

THE MCCARTY CORPORATION 401(K) PLAN

Name: THE MCCARTY CORPORATION - THE MCCARTY CORPORATION 401(K) PLAN (2020) Form 5500
Creator: THE MCCARTY CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE MCCARTY CORPORATION 401(K) PLAN, THE MCCARTY CORPORATION

THE MCCARTY CORPORATIONEIN 74-2428691Plan #001PY 2020

P. O. BOX 203250 - AUSTIN, TX 78720512-258-6611

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$4.3M

-4.9% from 2019

Total participants

0.0% from 2019

Average account balance

$57,497

+7.8% from 2019

Annual return

5.08%

+0.19 pp from 2019

Benchmarks

See 16,252 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort16,252 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.45M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

93.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$603K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+8.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4725

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
VAN HOUTEN & ASSOCIATES, PC4 years Service code 10 1517 E. PALM VALLEY BLVD. · ROUND ROCK, TX 78664	Accounting	$16,500
EMPLOYEE FIDUCIARY, LLC6+ years Filed as: EMPLOYEE INCENTIVE PLANS, INC Service code 12 12466 LOS INDIOS TRAIL SUITE 200 · AUSTIN, TX 78729	Legal; Recordkeeping fees; Participan...	$13,919

Plan features & details

Pension benefit codes2E3D3H2J2K

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

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

$32K

$368 / participant

Contract admin$15K47.4%
Other / not subdivided$17K52.6%

% of EOY assets

0.742%

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: VAN HOUTON & ASSOCIATES, PC
Auditor EIN: 364709636
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,497

$72,272-20.4%

$101,264-43.2%

$79,858-28.0%

Participation rate

73.6%

68.5%+5.1pp

75.8%-2.2pp

69.6%+3.9pp

Annual return

5.08%

22.30%-17.2pp

46.48%-41.4pp

31.72%-26.6pp

Employer contribution / active EE

$2,070

$2,692-23.1%

$3,660-43.4%

$2,471-16.2%

Participant deferral / active EE

$2,417

$3,282-26.3%

$4,370-44.7%

$3,740-35.4%

Admin fee / account holder

$427

$4,401-90.3%

$5,947-92.8%

$5,306-92.0%

Provider

Service type

Compensation

VAN HOUTEN & ASSOCIATES, PC4 years

Service code 10

1517 E. PALM VALLEY BLVD. · ROUND ROCK, TX 78664

Accounting

$16,500

EMPLOYEE FIDUCIARY, LLC6+ years

Filed as: EMPLOYEE INCENTIVE PLANS, INC

Service code 12

12466 LOS INDIOS TRAIL SUITE 200 · AUSTIN, TX 78729

Legal; Recordkeeping fees; Participan...

$13,919

THE MCCARTY CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE MCCARTY CORPORATION 401(K) 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