Retirement plan

MANGANARO 401(K) PLAN

Name: MANGANARO NORTH AMERICA, INC. - MANGANARO 401(K) PLAN (2023) Form 5500
Creator: MANGANARO NORTH AMERICA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MANGANARO 401(K) PLAN, MANGANARO NORTH AMERICA, INC.

MANGANARO NORTH AMERICA, INC.EIN 84-2403043Plan #002PY 2023

6405-D AMMENDALE ROAD - BELTSVILLE, MD 20705781-322-7929LinkedIn1-10 employeesconstruction

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed March 11, 2024

Plan administrator

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52 Cummings Park Road

52 Cummings Park, MA 01801

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Plans declared (1)

Manganaro Stock Appreciation Rights Plan1 emp

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Total assets (EOY)

$15.2M

+9.1% from 2022

Total participants

161

+18.4% from 2022

Average account balance

$101,739

-3.4% from 2022

Annual return

15.97%

+31.64 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

$17.60M

Not enough data

1 years with asset history on file

Average account balance

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

$107K

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.

165

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.

90.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.31M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+15.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$473

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 3 by compensation

Provider	Service type	Compensation
SENTINEL PENSION ADVISORS2+ years Service code 15 · EIN 04-3422848	Recordkeeping	$31,501
SENTINEL PENSION ADVISORS1 year Filed as: SENTINEL BENEFITS GROUP, LLC Service code 15 · EIN 20-5916766	Recordkeeping	$25,092
NATIONAL FINANCIAL SERVICES2+ years Service code 15 · EIN 04-3523567	Recordkeeping	$6,222

Plan features & details

Pension benefit codes2E2F2G2J3D

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$66K

$539 / participant

Recordkeeping$25K38.1%
Trustee / custodial$6K9.5%
Investment mgmt$35K52.4%

% of EOY assets

0.434%

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: ELLIN & TUCKER, CHARTERED
Auditor EIN: 520959934
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$101,739

$76,696+32.7%

$96,515+5.4%

$71,511+42.3%

Participation rate

90.2%

66.6%+23.6pp

74.3%+15.8pp

67.9%+22.2pp

Annual return

15.97%

48.32%-32.4pp

35.73%-19.8pp

28.86%-12.9pp

Employer contribution / active EE

$1,496

$3,032-50.6%

$3,740-60.0%

$2,589-42.2%

Participant deferral / active EE

$7,968

$3,770+111.4%

$4,880+63.3%

$4,291+85.7%

Admin fee / account holder

$442

$2,030-78.2%

$6,735-93.4%

$1,588-72.2%

Provider

Service type

Compensation

SENTINEL PENSION ADVISORS2+ years

Service code 15 · EIN 04-3422848

Recordkeeping

$31,501

SENTINEL PENSION ADVISORS1 year

Filed as: SENTINEL BENEFITS GROUP, LLC

Service code 15 · EIN 20-5916766

Recordkeeping

$25,092

NATIONAL FINANCIAL SERVICES2+ years

Service code 15 · EIN 04-3523567

Recordkeeping

$6,222

MANGANARO 401(K) 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

MANGANARO 401(K) 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