Retirement plan

MKA INTERNATIONAL, INC. 401(K) PROFIT SHARING PLAN

Name: MKA INTERNATIONAL, INC. - MKA INTERNATIONAL, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: MKA INTERNATIONAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MKA INTERNATIONAL, INC. 401(K) PROFIT SHARING PLAN, MKA INTERNATIONAL, INC.

MKA INTERNATIONAL, INC.EIN 84-0917753Plan #002PY 2023

100 PRINGLE AVENUE, SUITE 340 - WALNUT CREEK, CA 94596925-934-3235mkainc.comLinkedIn201-500 employeesconstruction

Other plans on this EIN

1 filing

#003Retirement-$62.0M assets

Prospect flagsHigh feesHigh assets / participant

Top hat statement on fileNQDC

Filed October 5, 2022

Plan administrator

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100 Pringle Avenue Suite 340

Walnut Creek, CA 94596

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Plans declared (1)

MKA International, Inc. Defined Contribution Restoration Plan10 emp

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Total assets (EOY)

$89.2M

+17.0% from 2022

Total participants

349

+5.1% from 2022

Average account balance

$289,485

+13.6% from 2022

Annual return

20.19%

+38.48 pp from 2022

Benchmarks

See 3,230 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,230 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$97.59M

Not enough data

1 years with asset history on file

Average account balance

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

$317K

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.

308

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.

85.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.04M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+15.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$459

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 5 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.1 year Filed as: MILLIMAN Service code 15 · EIN 91-0675641	Recordkeeping	$50,030
IRONSHORE FINANCIAL, LLC5 years Service code 27 · EIN 82-5023101	Advisory (Plan)	$23,918
ROLAND CRISS FIDUCIARY SERVICES7 years Service code 12 · EIN 75-2866255	Claims processing; Plan Administrator...	$23,139
MATRIX TRUST COMPANY1 year Service code 19 · EIN 75-3182674	Securities Custodian	$13,257
EPIC RETIREMENT PLAN SERVICES4 years Filed as: RPS RETIREMENT PLAN ADVISORS Service code 26 · EIN 74-2589344	Advisory (Participants)	$5,950

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$116K

$402 / participant

Recordkeeping$50K43.0%
Trustee / custodial$13K11.4%
Investment mgmt$30K25.7%
Other trustee fees$23K19.9%
Other / not subdivided$1500.1%

% of EOY assets

0.131%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WEAVER AND TIDWELL, LLP
Auditor EIN: 750786316
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$289,485

$95,438+203.3%

$135,982+112.9%

$74,473+288.7%

Participation rate

85.9%

78.2%+7.6pp

81.9%+3.9pp

70.7%+15.1pp

Annual return

20.19%

32.61%-12.4pp

68.32%-48.1pp

34.36%-14.2pp

Employer contribution / active EE

$12,664

$3,878+226.6%

$4,859+160.6%

$2,638+380.0%

Participant deferral / active EE

$7,538

$7,790-3.2%

$7,760-2.9%

$4,530+66.4%

Admin fee / account holder

$378

$259+46.0%

$10,767-96.5%

$347+8.9%

Provider

Service type

Compensation

MILLIMAN, INC.1 year

Filed as: MILLIMAN

Service code 15 · EIN 91-0675641

Recordkeeping

$50,030

IRONSHORE FINANCIAL, LLC5 years

Service code 27 · EIN 82-5023101

Advisory (Plan)

$23,918

ROLAND CRISS FIDUCIARY SERVICES7 years

Service code 12 · EIN 75-2866255

Claims processing; Plan Administrator...

$23,139

MATRIX TRUST COMPANY1 year

Service code 19 · EIN 75-3182674

Securities Custodian

$13,257

EPIC RETIREMENT PLAN SERVICES4 years

Filed as: RPS RETIREMENT PLAN ADVISORS

Service code 26 · EIN 74-2589344

Advisory (Participants)

$5,950

MKA INTERNATIONAL, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MKA INTERNATIONAL, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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