Retirement plan

M & H BUILDING SPECIALTIES 401(K) PLAN

Name: M & H BUILDING SPECIALTIES, INC. - M & H BUILDING SPECIALTIES 401(K) PLAN (2021) Form 5500
Creator: M & H BUILDING SPECIALTIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, M & H BUILDING SPECIALTIES 401(K) PLAN, M & H BUILDING SPECIALTIES, INC.

M & H BUILDING SPECIALTIES, INC.EIN 88-0154752Plan #001PY 2021

3084 S. HIGHLAND DRIVE, SUITE E - LAS VEGAS, NV 89109702-385-3168mhbsinc.comLinkedIn201-500 employeesconstruction

Prospect flagsLow returnsHigh feesLow participationLow employer contribution

How to read this page

Total assets (EOY)

$2.7M

+7.7% from 2020

Total participants

118

-13.9% from 2020

Average account balance

$70,187

+27.5% from 2020

Annual return

2.98%

-6.40 pp from 2020

Benchmarks

See 2,981 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,981 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.43M

Not enough data

1 years with asset history on file

Average account balance

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

$107K

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.

20.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$149K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$963

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

+21.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10863

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
TOROSO INVESTMENTS2 years Filed as: TOROSO INVESTEMENTS LLC Service code 15 15 WEST 29TH STREET · NEW YORK, NY 10001	Recordkeeping	$18,214
NEWPORT GROUP, INC.2 years Filed as: NEWPOORT GROUP, INC Service code 13 · EIN 27-2037969	Contract Administrator	$8,500

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

4 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$28K

$265 / participant

Investment mgmt$18K64.1%
Contract admin$10K35.9%

% of EOY assets

1.065%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,187

$77,670-9.6%

$109,163-35.7%

$79,393-11.6%

Participation rate

25.2%

67.8%-42.6pp

75.9%-50.6pp

70.7%-45.5pp

Annual return

2.98%

23.44%-20.5pp

25.75%-22.8pp

116.87%-113.9pp

Employer contribution / active EE

$453

$2,798-83.8%

$3,723-87.8%

$2,428-81.3%

Participant deferral / active EE

$1,595

$3,518-54.7%

$4,654-65.7%

$4,046-60.6%

Admin fee / account holder

$747

$732+2.1%

$6,754-88.9%

$627+19.3%

Provider

Service type

Compensation

TOROSO INVESTMENTS2 years

Filed as: TOROSO INVESTEMENTS LLC

Service code 15

15 WEST 29TH STREET · NEW YORK, NY 10001

Recordkeeping

$18,214

NEWPORT GROUP, INC.2 years

Filed as: NEWPOORT GROUP, INC

Service code 13 · EIN 27-2037969

Contract Administrator

$8,500

M & H BUILDING SPECIALTIES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

M & H BUILDING SPECIALTIES 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