Retirement plan

MARTIN, WHITE & GRIFFIS STRUCTURAL ENGINEERS, INC. PROFIT SHARING PLAN

Name: MARTIN, WHITE & GRIFFIS STRUCTURAL ENGINEERS, INC. - MARTIN, WHITE & GRIFFIS STRUCTURAL ENGINEERS, INC. PROFIT SHARING PLAN (2023) Form 5500
Creator: MARTIN, WHITE & GRIFFIS STRUCTURAL ENGINEERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARTIN, WHITE & GRIFFIS STRUCTURAL ENGINEERS, INC. PROFIT SHARING PLAN, MARTIN, WHITE & GRIFFIS STRUCTURAL ENGINEERS, INC.

MARTIN, WHITE & GRIFFIS STRUCTURAL ENGINEERS, INC.EIN 86-0410745Plan #001PY 2023

3501 EAST SPEEDWAY BOULEVARD SUITE - TUCSON, AZ 85716520-327-9491mwgstructural.comLinkedIn11-50 employeesconstruction

Prospect flagsHigh feesHigh assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$6.4M

+17.0% from 2022

Total participants

+12.5% from 2022

Average account balance

$400,990

+9.7% from 2022

Annual return

20.01%

+37.25 pp from 2022

Benchmarks

See 139,849 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort139,849 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+6.79%

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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$316K

$21076 / participant

Other / not subdivided$316K100.0%

% of EOY assets

4.928%

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

$400,990

$148,582+169.9%

$135,942+195.0%

$139,456+187.5%

Participation rate

86.7%

83.9%+2.8pp

81.9%+4.8pp

80.3%+6.3pp

Annual return

20.01%

79.26%-59.2pp

68.28%-48.3pp

373.45%-353.4pp

Employer contribution / active EE

-$715

$5,245-113.6%

$4,858-114.7%

$4,753-115.0%

Participant deferral / active EE

$10,293

$8,101+27.1%

$7,759+32.7%

$6,711+53.4%

Admin fee / account holder

$19,759

$12,402+59.3%

$10,764+83.6%

$11,407+73.2%

MARTIN, WHITE & GRIFFIS STRUCTURAL ENGINEERS, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARTIN, WHITE & GRIFFIS STRUCTURAL ENGINEERS, INC. 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