Retirement plan

ARCHBRIGHT MULTIPLE EMPLOYER PLAN AS ADOPTED BY MARKEY MACHINE LLC

Name: MARKEY MACHINE LLC - ARCHBRIGHT MULTIPLE EMPLOYER PLAN AS ADOPTED BY MARKEY MACHINE LLC (2024) Form 5500
Creator: MARKEY MACHINE LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ARCHBRIGHT MULTIPLE EMPLOYER PLAN AS ADOPTED BY MARKEY MACHINE LLC, MARKEY MACHINE LLC

MARKEY MACHINE LLCEIN 91-0307520Plan #001PY 2024

7266 8TH AVENUE SOUTH - SEATTLE, WA 98108206-622-4697markeymachine.comLinkedIn11-50 employeesmaritime

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.6M

+19.8% from 2023

Total participants

-5.3% from 2023

Average account balance

$127,478

+26.5% from 2023

Annual return

12.84%

-3.54 pp from 2023

Benchmarks

See 14,154 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,154 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.59M

Not enough data

1 years with asset history on file

Average account balance

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

$127K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$366K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+12.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3093

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 codes2E2F2G2J2T3B3D

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$111K

$3093 / participant

Other / not subdivided$111K100.0%

% of EOY assets

2.426%

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

$127,478

$86,949+46.6%

$102,460+24.4%

$80,959+57.5%

Participation rate

100.0%

72.4%+27.6pp

76.5%+23.5pp

67.7%+32.3pp

Annual return

12.84%

18.89%-6.1pp

29.47%-16.6pp

35.67%-22.8pp

Employer contribution / active EE

$2,546

$2,370+7.4%

$3,025-15.8%

$2,757-7.7%

Participant deferral / active EE

$7,618

$4,121+84.9%

$5,056+50.7%

$4,300+77.2%

Admin fee / account holder

$3,093

$8,048-61.6%

$9,460-67.3%

$6,925-55.3%

ARCHBRIGHT MULTIPLE EMPLOYER PLAN AS ADOPTED BY MARKEY MACHINE LLC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ARCHBRIGHT MULTIPLE EMPLOYER PLAN AS ADOPTED BY MARKEY MACHINE LLC

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