Retirement plan

MANAGEMENT & TRAINING CORPORATION RETIREMENT PLAN

Name: MANAGEMENT & TRAINING CORPORATION - MANAGEMENT & TRAINING CORPORATION RETIREMENT PLAN (2016) Form 5500
Creator: MANAGEMENT & TRAINING CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MANAGEMENT & TRAINING CORPORATION RETIREMENT PLAN, MANAGEMENT & TRAINING CORPORATION

MANAGEMENT & TRAINING CORPORATIONEIN 87-0365322Plan #001PY 2016

500 N MARKET PLACE DR - CENTERVILLE, UT 840141708801-693-2616mtctrains.comLinkedIn5001-10000 employeeseducation management

Prospect flagsLow returnsLow assets / participantLow employer contribution

Top hat statement on fileNQDC

Filed June 13, 2022 (most recent of 5 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

500 North Marketplace Drive

Centerville, UT 84014

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Plans declared (5)

Management & Training Corporation Non-Qualified Plan, as amended88 emp
Management & Training Corporation Stock Option Plan (2016), as may be amended46 emp
Management & Training Corporation Stock Option Plan (2006) as amended34 emp
Management & Training Corporation Stock Option Plan (1996) as amended13 emp
Management & Training Corporation Long-Term Incentive Plan (2022)1 emp

Total covered: 182 employees

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Total assets (EOY)

$158M

+3.9% from 2015

Total participants

8,212

-3.3% from 2015

Average account balance

$22,358

+6.8% from 2015

Annual return

6.61%

+5.87 pp from 2015

Benchmarks

See 37 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants5,000-9,999

Cohort37 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$198.10M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

7,902

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.

83.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$22.95M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$74

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 4 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INV INST OPER CO Service code 37 · EIN 04-2647786	Loan Processing	$91,976
DAVIS WRIGHT TREMAINE2+ years Filed as: DAVIS GRAHAM Service code 10 · EIN 84-0421951	Accounting	$5,652
FID INV INST OPS CO2+ years Filed as: FID INV INST OPER CO Service code 60	Sub-TA Fees	$0
CW FIN NETWORK & LIGHTHOUSE FIN ADV1 year Filed as: FIN INV INST OPER CO Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2E2F2G2K3D

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.
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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$98K

$15 / participant

Other / not subdivided$98K100.0%

% of EOY assets

0.062%

all-in expense ratio

Categories reported

0 / 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: TRAVELLER & COMPANY, LLC
Auditor EIN: 870668060
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,358

$91,420-75.5%

$57,196-60.9%

$65,292-65.8%

Participation rate

83.0%

72.6%+10.3pp

75.3%+7.6pp

72.4%+10.5pp

Annual return

6.61%

7.55%-0.9pp

14.59%-8.0pp

11.84%-5.2pp

Employer contribution / active EE

$1,032

$3,776-72.7%

$2,683-61.5%

$2,302-55.2%

Participant deferral / active EE

$1,596

$3,512-54.5%

$3,096-48.4%

$3,579-55.4%

Admin fee / account holder

$14

$22-36.5%

$3,141-99.6%

$57-75.9%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INV INST OPER CO

Service code 37 · EIN 04-2647786

Loan Processing

$91,976

DAVIS WRIGHT TREMAINE2+ years

Filed as: DAVIS GRAHAM

Service code 10 · EIN 84-0421951

Accounting

$5,652

FID INV INST OPS CO2+ years

Filed as: FID INV INST OPER CO

Service code 60

Sub-TA Fees

CW FIN NETWORK & LIGHTHOUSE FIN ADV1 year

Filed as: FIN INV INST OPER CO

Service code 60

Sub-TA Fees

MANAGEMENT & TRAINING CORPORATION RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (5)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MANAGEMENT & TRAINING CORPORATION RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (5)

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