Retirement plan

MPPA FAMILY CHILDCARE CENTER, INC SAFE HARBOR PROFIT SHARING 401K

Name: MPPA FAMILY CHILDCARE CENTER, INC. - MPPA FAMILY CHILDCARE CENTER, INC SAFE HARBOR PROFIT SHARING 401K (2022) Form 5500
Creator: MPPA FAMILY CHILDCARE CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MPPA FAMILY CHILDCARE CENTER, INC SAFE HARBOR PROFIT SHARING 401K, MPPA FAMILY CHILDCARE CENTER, INC.

MPPA FAMILY CHILDCARE CENTER, INC.EIN 81-3159172Plan #001PY 2022

6750 MADDOX RD - MORROW, GA 30260678-545-6772

Prospect flagsLow participationLow assets / participant

How to read this page

Total assets (EOY)

$134K

+29.2% from 2021

Total participants

-5.9% from 2021

Average account balance

$13,390

+55.0% from 2021

Annual return

-18.33%

-33.01 pp from 2021

Benchmarks

See 105,966 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,966 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$184K

Not enough data

1 years with asset history on file

Average account balance

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

$14K

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.

144.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$34K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+9.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6317

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 codes2E2F2G2J2T3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$3K

$245 / participant

Other / not subdivided$3K100.0%

% of EOY assets

2.197%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$13,390

$167,352-92.0%

$143,788-90.7%

$134,509-90.0%

Participation rate

50.0%

84.8%-34.8pp

80.3%-30.3pp

81.2%-31.2pp

Annual return

-18.33%

0.47%-18.8pp

-0.03%-18.3pp

418.13%-436.5pp

Employer contribution / active EE

$1,398

$5,620-75.1%

$4,952-71.8%

$4,741-70.5%

Participant deferral / active EE

$2,905

$6,447-54.9%

$5,638-48.5%

$6,400-54.6%

Admin fee / account holder

$294

$18,091-98.4%

$14,675-98.0%

$11,427-97.4%

MPPA FAMILY CHILDCARE CENTER, INC SAFE HARBOR PROFIT SHARING 401K

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MPPA FAMILY CHILDCARE CENTER, INC SAFE HARBOR PROFIT SHARING 401K

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