Retirement plan

401(K) PLAN FOR MAKERS FORWARD OPERATING COMPANIES

Name: MAKERS FORWARD, LLC - 401(K) PLAN FOR MAKERS FORWARD OPERATING COMPANIES (2022) Form 5500
Creator: MAKERS FORWARD, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PLAN FOR MAKERS FORWARD OPERATING COMPANIES, MAKERS FORWARD, LLC

MAKERS FORWARD, LLCEIN 84-3406142Plan #001PY 2022

35 CONNECTICUT RIVERBEND PLACE - CLAREMONT, NH 03743603-285-9342

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$6.3M

No prior year

Total participants

196

No prior year

Average account balance

$35,230

No prior year

Annual return

19.06%

No prior year

Benchmarks

See 4,067 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,067 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.01M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

152

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.

62.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$679K

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

+10.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$430

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 6 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290	Contract Administrator	$34,725
ROYAL ALLIANCE ASSOCIATES INC1+ years Filed as: ROYAL ALLIANCE ASSOCIATES INC. Service code 49	Other Services	$8,593
ASSOCIATED PENSION CONSULTANTS1+ years Service code 13	Contract Administrator	$3,999
ASSOCIATED PENSION CONSULTANTS1+ years Filed as: ASSOCIATED PENSION CONSULTANTS, INC Service code 13 · EIN 11-3271022 401 BROADHOLLOW ROAD · MELVILLE, NY 11747	Contract Administrator	$661
ROYAL ALLIANCE ASSOCIATES INC1+ years Filed as: ROYAL ALLIANCE ASSOCIATE INC. Service code 49 · EIN 93-0987232	Other Services	$0
WILSHIRE ASSOCIATES INCORPORATED1+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H

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.
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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$35K

$212 / participant

Contract admin$35K100.0%

% of EOY assets

0.558%

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: MURPHY, MILLER & BAGLIERI, LLP
Auditor EIN: 201689274
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,230

$65,453-46.2%

$86,698-59.4%

$66,938-47.4%

Participation rate

90.4%

75.5%+15.0pp

76.6%+13.8pp

69.8%+20.6pp

Annual return

19.06%

-10.89%+30.0pp

35.95%-16.9pp

1.58%+17.5pp

Employer contribution / active EE

$928

$2,154-56.9%

$2,837-67.3%

$2,545-63.5%

Participant deferral / active EE

$3,070

$4,102-25.2%

$4,656-34.1%

$4,238-27.6%

Admin fee / account holder

$197

$642-69.4%

$7,493-97.4%

$594-66.9%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$34,725

ROYAL ALLIANCE ASSOCIATES INC1+ years

Filed as: ROYAL ALLIANCE ASSOCIATES INC.

Service code 49

Other Services

$8,593

ASSOCIATED PENSION CONSULTANTS1+ years

Service code 13

Contract Administrator

$3,999

ASSOCIATED PENSION CONSULTANTS1+ years

Filed as: ASSOCIATED PENSION CONSULTANTS, INC

Service code 13 · EIN 11-3271022

401 BROADHOLLOW ROAD · MELVILLE, NY 11747

Contract Administrator

$661

ROYAL ALLIANCE ASSOCIATES INC1+ years

Filed as: ROYAL ALLIANCE ASSOCIATE INC.

Service code 49 · EIN 93-0987232

Other Services

WILSHIRE ASSOCIATES INCORPORATED1+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

401(K) PLAN FOR MAKERS FORWARD OPERATING COMPANIES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PLAN FOR MAKERS FORWARD OPERATING COMPANIES

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