Retirement plan

MAVERICK AVIATION GROUP, LLC 401K SAVINGS PLAN

Name: MAVERICK AVIATION GROUP, LLC - MAVERICK AVIATION GROUP, LLC 401K SAVINGS PLAN (2020) Form 5500
Creator: MAVERICK AVIATION GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAVERICK AVIATION GROUP, LLC 401K SAVINGS PLAN, MAVERICK AVIATION GROUP, LLC

MAVERICK AVIATION GROUP, LLCEIN 88-0336680Plan #001PY 2020

1620 JET STREAM DRIVE - HENDERSON, NV 89052702-405-4332LinkedIn51-200 employees

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$7.3M

+4.7% from 2019

Total participants

289

-11.6% from 2019

Average account balance

$45,796

+7.3% from 2019

Annual return

14.74%

-9.61 pp from 2019

Benchmarks

See 1,062 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,062 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.92M

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

144

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.

46.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.16M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+16.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$247

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 3 by compensation

Provider	Service type	Compensation
NATIONWIDE6+ years Service code 51 · EIN 35-1592130 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Investment Mgmt Fees	$29,292
STRATEGIC INCOME GROUP5 years Service code 27 · EIN 90-0802002 2330 W. RAY RD., #3 · CHANDLER, AZ 85224	Advisory (Plan)	$25,109
NORTON ROSE FULBRIGHT5 years Filed as: NORTON JAMES RETIREMENT SERVICES Service code 15 · EIN 86-1009405 P.O. BOX 6450 · GLENDALE, AZ 85312	Recordkeeping	$9,424

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

Expense breakdown

Schedule H Part II

Admin total

$34K

$148 / participant

Contract admin$34K100.0%

% of EOY assets

0.462%

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: ELLSWORTH AND STOUT, CPA'S
Auditor EIN: 261629859
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,796

$55,636-17.7%

$81,988-44.1%

$73,493-37.7%

Participation rate

42.7%

62.3%-19.6pp

69.3%-26.5pp

70.7%-28.0pp

Annual return

14.74%

19.07%-4.3pp

41.31%-26.6pp

28.51%-13.8pp

Employer contribution / active EE

$132

$1,625-91.9%

$2,498-94.7%

$2,270-94.2%

Participant deferral / active EE

$1,267

$2,762-54.1%

$3,722-66.0%

$3,740-66.1%

Admin fee / account holder

$212

$493-57.0%

$5,665-96.3%

$513-58.7%

Provider

Service type

Compensation

NATIONWIDE6+ years

Service code 51 · EIN 35-1592130

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Investment Mgmt Fees

$29,292

STRATEGIC INCOME GROUP5 years

Service code 27 · EIN 90-0802002

2330 W. RAY RD., #3 · CHANDLER, AZ 85224

Advisory (Plan)

$25,109

NORTON ROSE FULBRIGHT5 years

Filed as: NORTON JAMES RETIREMENT SERVICES

Service code 15 · EIN 86-1009405

P.O. BOX 6450 · GLENDALE, AZ 85312

Recordkeeping

$9,424

MAVERICK AVIATION GROUP, LLC 401K SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAVERICK AVIATION GROUP, LLC 401K SAVINGS 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