Retirement plan

MOUNTAIN CAPITAL PARTNERS 401K PLAN

Name: MOUNTAIN CAPITAL PARTNERS, LLC - MOUNTAIN CAPITAL PARTNERS 401K PLAN (2023) Form 5500
Creator: MOUNTAIN CAPITAL PARTNERS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MOUNTAIN CAPITAL PARTNERS 401K PLAN, MOUNTAIN CAPITAL PARTNERS, LLC

MOUNTAIN CAPITAL PARTNERS, LLCEIN 81-1696286Plan #001PY 2023

PO BOX 17000 - DURANGO, CO 81302970-385-2161mcp.skiLinkedIn201-500 employeesleisure, travel & tourism

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$8.4M

+11.1% from 2022

Total participants

527

+0.8% from 2022

Average account balance

$31,579

+10.7% from 2022

Annual return

18.14%

+36.22 pp from 2022

Benchmarks

See 451 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants250-999

Cohort451 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.27M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

311

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.

41.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.26M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+15.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$167

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY GLOBAL BANKING OPER Service code 99 1300 THAMES ST WHARF, 4TH FLOOR · BALTIMORE, MD 21231	Other Fees	$17,713
BROWNSTEIN HYATT FARBER SCHRECK LLP1 year Service code 99 P.O. BOX 172168 · DENVER, CO 80217	Other Fees	$16,231
VOYA RETIREMENT INSURANCE & ANNUITY7+ years Service code 64 · EIN 71-0294708	Recordkeeping Fees	$3,700

Plan features & details

Pension benefit codes2E2F2G2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$40K

$87 / participant

Investment mgmt$18K44.8%
Contract admin$3K8.5%
Other / not subdivided$18K46.7%

% of EOY assets

0.469%

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: MOSS ADAMS LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,579

$53,344-40.8%

$121,204-73.9%

$74,460-57.6%

Participation rate

42.9%

60.0%-17.1pp

69.5%-26.7pp

70.7%-27.9pp

Annual return

18.14%

35.15%-17.0pp

987.18%-969.0pp

34.38%-16.2pp

Employer contribution / active EE

$321

$1,898-83.1%

$4,170-92.3%

$2,638-87.8%

Participant deferral / active EE

$1,987

$3,220-38.3%

$4,083-51.3%

$4,530-56.1%

Admin fee / account holder

$148

$382-61.2%

$5,651-97.4%

$348-57.4%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY GLOBAL BANKING OPER

Service code 99

1300 THAMES ST WHARF, 4TH FLOOR · BALTIMORE, MD 21231

Other Fees

$17,713

BROWNSTEIN HYATT FARBER SCHRECK LLP1 year

Service code 99

P.O. BOX 172168 · DENVER, CO 80217

Other Fees

$16,231

VOYA RETIREMENT INSURANCE & ANNUITY7+ years

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$3,700

MOUNTAIN CAPITAL PARTNERS 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MOUNTAIN CAPITAL PARTNERS 401K 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