Retirement plan

M.A.L. ENTERPRISES, INC. EMPLOYEES' 401(K) PROFIT SHARING PLAN

Name: M.A.L. ENTERPRISES, INC. - M.A.L. ENTERPRISES, INC. EMPLOYEES' 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: M.A.L. ENTERPRISES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, M.A.L. ENTERPRISES, INC. EMPLOYEES' 401(K) PROFIT SHARING PLAN, M.A.L. ENTERPRISES, INC.

M.A.L. ENTERPRISES, INC.EIN 75-1387770Plan #001PY 2024

PO BOX 8 - SWEETWATER, TX 79556325-236-6351

Prospect flagsHigh feesLow participationLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$3.7M

+7.5% from 2023

Total participants

272

-29.2% from 2023

Average account balance

$28,590

+7.5% from 2023

Annual return

11.21%

-3.16 pp from 2023

Benchmarks

See 2,309 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,309 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.66M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

128

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.

22.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$146K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$787

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

+11.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$492

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 2 by compensation

Provider	Service type	Compensation
LEVERAGE RETIREMENT, INC.7 years Service code 64 · EIN 75-1983809 PO BOX 889 · ALLEN, TX 75013	Recordkeeping Fees	$37,249
FIRST FINANCIAL TRUST & ASSET MGMT10+ years Service code 64 · EIN 75-0944023	Recordkeeping Fees	$11,378

Plan features & details

Pension benefit codes2A2E2G2J2K2T3D

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.
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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer 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

$63K

$340 / participant

Recordkeeping$34K54.0%
Investment mgmt$11K18.1%
Other / not subdivided$18K27.9%

% of EOY assets

1.720%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HM&M GROUP, LLC
Auditor EIN: 752409112
Audit fees: $14,333
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,590

$59,467-51.9%

$93,727-69.5%

$74,478-61.6%

Participation rate

22.2%

59.6%-37.5pp

68.7%-46.5pp

67.2%-45.1pp

Annual return

11.21%

82.14%-70.9pp

133.83%-122.6pp

1370.56%-1359.3pp

Employer contribution / active EE

$83

$1,267-93.4%

$2,421-96.6%

$2,626-96.8%

Participant deferral / active EE

$704

$3,052-76.9%

$4,417-84.1%

$4,350-83.8%

Admin fee / account holder

$492

$3,028-83.8%

$8,292-94.1%

$1,946-74.7%

Provider

Service type

Compensation

LEVERAGE RETIREMENT, INC.7 years

Service code 64 · EIN 75-1983809

PO BOX 889 · ALLEN, TX 75013

Recordkeeping Fees

$37,249

FIRST FINANCIAL TRUST & ASSET MGMT10+ years

Service code 64 · EIN 75-0944023

Recordkeeping Fees

$11,378

M.A.L. ENTERPRISES, INC. EMPLOYEES' 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

M.A.L. ENTERPRISES, INC. EMPLOYEES' 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