Retirement plan

MVO HOLDINGS RETIREMENT SAVINGS PLAN

Name: MVO HOLDINGS, LLC - MVO HOLDINGS RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: MVO HOLDINGS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MVO HOLDINGS RETIREMENT SAVINGS PLAN, MVO HOLDINGS, LLC

MVO HOLDINGS, LLCEIN 83-2787674Plan #001PY 2023

9349 WATERSTONE BLVD, SUITE 200 - CINCINNATI, OH 45249513-588-1000

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed July 11, 2023

Plan administrator

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9349 Waterstone Blvd., Suite 200

Cincinnati, OH 45249

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Plans declared (15)

Deferred Bonus Agreement Between Miller-Valentine Partners Ltd. II and Barbara Gilmore (dated January 1, 2006)1 emp
Deferred Bonus Agreement Between Miller-Valentine Partners Ltd. II and Noreen Hall (dated January 1, 2006)1 emp
Deferred Bonus Agreement Between Miller-Valentine Partners Ltd. II and Matthew Packer (dated March 15, 2006)1 emp
Deferred Bonus Agreement Between Miller-Valentine Partners Ltd. II and David Settles (dated December 21, 2006)1 emp
Deferred Bonus Agreement Between Miller-Valentine Partners Ltd. II and William Williams (dated December 21, 2007)1 emp
+10 more

Total covered: 15 employees

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Total assets (EOY)

$28.3M

+18.8% from 2022

Total participants

321

-6.4% from 2022

Average account balance

$90,633

+26.8% from 2022

Annual return

17.84%

+34.10 pp from 2022

Benchmarks

See 3,251 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,251 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$32.94M

Not enough data

1 years with asset history on file

Average account balance

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

$115K

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.

286

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.

93.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.19M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+14.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$241

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
FIDELITY INVESTMENTS INSTITUTIONAL4+ years Service code 37 · EIN 04-2647786	Loan Processing	$41,246
HIGHLAND CONSULTING ASSOCIATES4+ years Filed as: HIGHLAND CONSULTING ASSOCIATES, IN Service code 16 · EIN 34-1753575	Consulting	$32,436

Plan features & details

Pension benefit codes2E2G2J2K2S2T3H2F3D2A

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$77K

$504 / participant

Recordkeeping$41K53.8%
Investment mgmt$3K3.8%
Other / not subdivided$32K42.3%

% of EOY assets

0.271%

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: BRADY, WARE & SCHOENFELD, INC
Auditor EIN: 351476702
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$90,633

$76,696+18.2%

$96,515-6.1%

$71,511+26.7%

Participation rate

94.1%

66.6%+27.5pp

74.3%+19.7pp

67.9%+26.1pp

Annual return

17.84%

48.32%-30.5pp

35.73%-17.9pp

28.86%-11.0pp

Employer contribution / active EE

$4,528

$3,032+49.4%

$3,740+21.1%

$2,589+74.9%

Participant deferral / active EE

$10,119

$3,770+168.4%

$4,880+107.4%

$4,291+135.8%

Admin fee / account holder

$246

$2,030-87.9%

$6,735-96.4%

$1,588-84.5%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL4+ years

Service code 37 · EIN 04-2647786

Loan Processing

$41,246

HIGHLAND CONSULTING ASSOCIATES4+ years

Filed as: HIGHLAND CONSULTING ASSOCIATES, IN

Service code 16 · EIN 34-1753575

Consulting

$32,436

MVO HOLDINGS RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (15)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MVO HOLDINGS RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (15)

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