Retirement plan

MCT GROUP RETIREMENT PLAN

Name: MCT GROUP, LLC - MCT GROUP RETIREMENT PLAN (2024) Form 5500
Creator: MCT GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCT GROUP RETIREMENT PLAN, MCT GROUP, LLC

MCT GROUP, LLCEIN 83-3509680Plan #001PY 2024

9802 MCCORMICK CT. - MURFREESBORO, TN 37129615-203-8523

Prospect flagsLow returnsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$5.3M

-6.2% from 2023

Total participants

722

-9.6% from 2023

Average account balance

$7,332

-6.8% from 2023

Annual return

9.11%

-3.07 pp from 2023

Benchmarks

See 679 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort679 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.26M

Not enough data

1 years with asset history on file

Average account balance

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

$7K

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.

717

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.

99.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.73M

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

+9.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$215

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
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE CO. Service code 64 8515 EAST ORCHARD RD. · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$101,659
PREMIER RETIREMENT PARTNERS5+ years Filed as: PREMIER RETIREMENT PARTNERS LLC Service code 13 8040 EXCELSIOR DR STE 401 · MADISON, WI 53717	Contract Administrator	$48,022
MMA SECURITIES LLC2 years Filed as: ASSURED PARTNERS CAPITAL INC. Service code 27 200 COLONIAL CENTER PKWY SUITE 140 · LAKE MARY, FL 32746	Advisory (Plan)	$26,626

Plan features & details

Pension benefit codes2A2E2J2F2G2T3D

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.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$154K

$313 / participant

Recordkeeping$78K50.7%
Investment mgmt$33K21.1%
Contract admin$43K28.1%

% of EOY assets

2.934%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAS PARTNERS, LLC
Auditor EIN: 208779390
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$7,332

$55,457-86.8%

$76,119-90.4%

$77,736-90.6%

Participation rate

99.0%

63.6%+35.4pp

69.1%+29.9pp

70.6%+28.4pp

Annual return

9.11%

17.09%-8.0pp

361.25%-352.1pp

31.26%-22.1pp

Employer contribution / active EE

$3,196

$1,792+78.3%

$2,693+18.7%

$2,728+17.2%

Participant deferral / active EE

$311

$3,454-91.0%

$4,259-92.7%

$4,651-93.3%

Admin fee / account holder

$215

$411-47.6%

$6,421-96.7%

$433-50.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE CO.

Service code 64

8515 EAST ORCHARD RD. · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$101,659

PREMIER RETIREMENT PARTNERS5+ years

Filed as: PREMIER RETIREMENT PARTNERS LLC

Service code 13

8040 EXCELSIOR DR STE 401 · MADISON, WI 53717

Contract Administrator

$48,022

MMA SECURITIES LLC2 years

Filed as: ASSURED PARTNERS CAPITAL INC.

Service code 27

200 COLONIAL CENTER PKWY SUITE 140 · LAKE MARY, FL 32746

Advisory (Plan)

$26,626

MCT GROUP RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCT GROUP RETIREMENT 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