Retirement plan

MERRIMAC INTERNATIONAL LLC 401(K) PROFIT SHARING PLAN

Name: MERRIMAC INTERNATIONAL LLC - MERRIMAC INTERNATIONAL LLC 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: MERRIMAC INTERNATIONAL LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MERRIMAC INTERNATIONAL LLC 401(K) PROFIT SHARING PLAN, MERRIMAC INTERNATIONAL LLC

MERRIMAC INTERNATIONAL LLCEIN 85-1621347Plan #001PY 2022

2219 SAWDUST RD STE 1404 - SPRING, TX 773802581713-997-9841merrimacintl.comLinkedIn1-10 employeesstaffing and recruiting

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$143K

+63.4% from 2021

Total participants

+33.3% from 2021

Average account balance

$28,682

+63.4% from 2021

Annual return

-21.83%

-35.76 pp from 2021

Benchmarks

See 39,322 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort39,322 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$319K

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.

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.

66.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$203

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

+0.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1K

$187 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.913%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,682

$92,684-69.1%

$82,706-65.3%

$134,509-78.7%

Participation rate

57.1%

75.2%-18.1pp

72.6%-15.4pp

81.2%-24.1pp

Annual return

-21.83%

945.84%-967.7pp

701.76%-723.6pp

418.13%-440.0pp

Employer contribution / active EE

$7,427

$3,272+127.0%

$3,007+147.0%

$4,741+56.7%

Participant deferral / active EE

$3,260

$4,800-32.1%

$4,394-25.8%

$6,400-49.1%

Admin fee / account holder

$262

$5,982-95.6%

$5,329-95.1%

$11,427-97.7%

MERRIMAC INTERNATIONAL LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MERRIMAC INTERNATIONAL LLC 401(K) PROFIT SHARING 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