Retirement plan

MEZA EMPLOYMENT MANAGEMENT SOLUTIONS, LLC 401(K) PLAN

Name: MEZA EMPLOYMENT MANAGEMENT SOLUTIONS, LLC - MEZA EMPLOYMENT MANAGEMENT SOLUTIONS, LLC 401(K) PLAN (2023) Form 5500
Creator: MEZA EMPLOYMENT MANAGEMENT SOLUTIONS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEZA EMPLOYMENT MANAGEMENT SOLUTIONS, LLC 401(K) PLAN, MEZA EMPLOYMENT MANAGEMENT SOLUTIONS, LLC

MEZA EMPLOYMENT MANAGEMENT SOLUTIONS, LLCEIN 81-3356038Plan #001PY 2023

4634 DE ZAVALA RD, SUITE 103 - SAN ANTONIO, TX 78249210-595-8779memshr.comLinkedIn1-10 employeeshuman resources

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$1.4M

-26.3% from 2022

Total participants

237

+24.7% from 2022

Average account balance

$14,673

-27.1% from 2022

Annual return

15.71%

+23.62 pp from 2022

Benchmarks

See 1,361 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,361 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.37M

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

45.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$206K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+21.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6705

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 codes2J2F2G3D2E

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$7K

$37 / participant

Contract admin$7K100.0%

% of EOY assets

0.539%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SELLECK ACCOUNTING & FINANCE, PLLC
Auditor EIN: 851204532
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,673

$41,150-64.3%

$80,627-81.8%

$71,511-79.5%

Participation rate

28.9%

50.3%-21.4pp

67.0%-38.2pp

67.9%-39.1pp

Annual return

15.71%

38.48%-22.8pp

936.76%-921.1pp

28.86%-13.1pp

Employer contribution / active EE

$1,515-100.0%

$2,723-100.0%

$2,589-100.0%

Participant deferral / active EE

$1,257

$2,701-53.5%

$4,443-71.7%

$4,291-70.7%

Admin fee / account holder

$79

$1,841-95.7%

$5,381-98.5%

$1,588-95.0%

MEZA EMPLOYMENT MANAGEMENT SOLUTIONS, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEZA EMPLOYMENT MANAGEMENT SOLUTIONS, LLC 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