Retirement plan

MADCO ELECTRIC, INC. PROFIT SHARING 401(K) PLAN

Name: MADCO ELECTRIC, INC. - MADCO ELECTRIC, INC. PROFIT SHARING 401(K) PLAN (2019) Form 5500
Creator: MADCO ELECTRIC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MADCO ELECTRIC, INC. PROFIT SHARING 401(K) PLAN, MADCO ELECTRIC, INC.

MADCO ELECTRIC, INC.EIN 77-0478281Plan #001PY 2019

2137 E. FRONT STREET - SELMA, CA 93662559-896-5637LinkedIn11-50 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement-$284K assets

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$803K

+22.2% from 2018

Total participants

0.0% from 2018

Average account balance

$200,703

+22.2% from 2018

Annual return

14.98%

+28.70 pp from 2018

Benchmarks

See 40,731 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort40,731 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.86M

Not enough data

1 years with asset history on file

Average account balance

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

$372K

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.

83.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$39K

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

+32.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2D2E2J3D

Plan features

2D
Offset plan
Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
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.
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

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$200,703

$107,363+86.9%

$92,909+116.0%

$152,897+31.3%

Participation rate

100.0%

79.8%+20.2pp

76.0%+24.0pp

82.5%+17.5pp

Annual return

14.98%

145.63%-130.6pp

109.44%-94.5pp

345.43%-330.4pp

Employer contribution / active EE

$7,561

$4,222+79.1%

$3,653+107.0%

$4,764+58.7%

Participant deferral / active EE

$8,189

$4,848+68.9%

$4,238+93.2%

$5,851+40.0%

Admin fee / account holder

$7,082-100.0%

$5,795-100.0%

$11,599-100.0%

MADCO ELECTRIC, INC. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

MADCO ELECTRIC, INC. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion