Retirement plan

MGC CONTRACTORS, INC. 401(K) PLAN

Name: MGC CONTRACTORS, INC. - MGC CONTRACTORS, INC. 401(K) PLAN (2016) Form 5500
Creator: MGC CONTRACTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MGC CONTRACTORS, INC. 401(K) PLAN, MGC CONTRACTORS, INC.

MGC CONTRACTORS, INC.EIN 86-0443028Plan #001PY 2016

4110 EAST ELWOOD STREET - PHOENIX, AZ 85040602-437-5000mgccontractors.comLinkedIn201-500 employeesconstruction

Other plans on this EIN

2 filings

#003Retirement-$4.2M assets #002Retirement--

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$7.7M

+104.9% from 2015

Total participants

153

+27.5% from 2015

Average account balance

$91,869

+70.7% from 2015

Annual return

96.52%

+99.31 pp from 2015

Benchmarks

See 2,382 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,382 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.84M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

371

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.

98.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.65M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$157

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 5 by compensation

Provider	Service type	Compensation
NATIONWIDE1 year Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$25,387
JP MORGAN INVESTMENT MANAGEMENT INC1 year Filed as: HANLON INV. MANAGEMENT, INC. Service code 27 · EIN 22-3723068 3393 BARGAINTOWN ROAD · EGG HARBOR TWP., NJ 08234	Advisory (Plan)	$13,446
LPL FINANCIAL1 year Service code 27 4707 EXECUTIVE DR. · SAN DIEGO, CA 92121	Advisory (Plan)	$9,127
CAMBRIDGE INVESTMENT RESEARCH1 year Filed as: CAMBRIDGE INV. RESEARCH ADVISORS Service code 27 · EIN 22-3723068 1776 PLEASANT PLAIN ROAD · FAIRFIELD, IA 52556	Advisory (Plan)	$6,704
PENSION STRATEGIES, LLC1 year Service code 15 · EIN 20-0333992 2141 E. HIGHLAND · PHOENIX, AZ 850164715	Recordkeeping	$1,070

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$22

$0 / participant

Contract admin$22100.0%

% of EOY assets

0.000%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PRICE, KONG & CO., C.P.A.'S, P.A.
Auditor EIN: 860611246
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$91,869

$52,884+73.7%

$84,753+8.4%

$55,167+66.5%

Participation rate

45.7%

67.5%-21.8pp

76.6%-30.9pp

69.0%-23.3pp

Annual return

96.52%

18.03%+78.5pp

22.78%+73.7pp

169.23%-72.7pp

Employer contribution / active EE

$683

$2,233-69.4%

$3,574-80.9%

$1,963-65.2%

Participant deferral / active EE

$2,548

$2,644-3.6%

$3,712-31.3%

$3,054-16.6%

Admin fee / account holder

$581-100.0%

$5,333-100.0%

$504-99.9%

Provider

Service type

Compensation

NATIONWIDE1 year

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$25,387

JP MORGAN INVESTMENT MANAGEMENT INC1 year

Filed as: HANLON INV. MANAGEMENT, INC.

Service code 27 · EIN 22-3723068

3393 BARGAINTOWN ROAD · EGG HARBOR TWP., NJ 08234

Advisory (Plan)

$13,446

LPL FINANCIAL1 year

Service code 27

4707 EXECUTIVE DR. · SAN DIEGO, CA 92121

Advisory (Plan)

$9,127

CAMBRIDGE INVESTMENT RESEARCH1 year

Filed as: CAMBRIDGE INV. RESEARCH ADVISORS

Service code 27 · EIN 22-3723068

1776 PLEASANT PLAIN ROAD · FAIRFIELD, IA 52556

Advisory (Plan)

$6,704

PENSION STRATEGIES, LLC1 year

Service code 15 · EIN 20-0333992

2141 E. HIGHLAND · PHOENIX, AZ 850164715

Recordkeeping

$1,070

MGC CONTRACTORS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MGC CONTRACTORS, INC. 401(K) 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