Retirement plan

MERLINO COMPANIES PROFIT SHARING 401(K) PLAN

Name: GARY MERLINO CONSTRUCTION COMPANY, INC. - MERLINO COMPANIES PROFIT SHARING 401(K) PLAN (2020) Form 5500
Creator: GARY MERLINO CONSTRUCTION COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MERLINO COMPANIES PROFIT SHARING 401(K) PLAN, GARY MERLINO CONSTRUCTION COMPANY, INC.

GARY MERLINO CONSTRUCTION COMPANY, INC.EIN 91-1296882Plan #009PY 2020

9125 10TH AVENUE SOUTH - SEATTLE, WA 981084612206-762-9125LinkedIn201-500 employeesconstruction

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$37.9M

+17.4% from 2019

Total participants

599

+7.5% from 2019

Average account balance

$151,047

+20.7% from 2019

Annual return

14.01%

-3.15 pp from 2019

Benchmarks

See 1,282 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,282 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$42.58M

Not enough data

1 years with asset history on file

Average account balance

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

$165K

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.

258

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.

42.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.34M

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

+11.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$309

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 2 by compensation

Provider	Service type	Compensation
NORTHWEST PLAN SERVICES, INC.1 year Filed as: NORTHWEST PLAN SERVICES Service code 15 · EIN 91-2090931	Recordkeeping	$36,244
COLDSTREAM WEALTH MANAGEMENT1 year Service code 26 · EIN 93-1052371	Advisory (Participants)	$20,144

Plan features & details

Pension benefit codes2F2E2G2J2T3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$56K

$106 / participant

Investment mgmt$20K35.7%
Other / not subdivided$36K64.3%

% of EOY assets

0.149%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MOSS ADAMS LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$151,047

$91,517+65.0%

$101,275+49.1%

$73,412+105.8%

Participation rate

34.3%

73.8%-39.4pp

75.8%-41.5pp

72.2%-37.8pp

Annual return

14.01%

17.17%-3.2pp

46.48%-32.5pp

59.30%-45.3pp

Employer contribution / active EE

$1,658

$2,877-42.4%

$3,660-54.7%

$2,234-25.8%

Participant deferral / active EE

$2,086

$3,338-37.5%

$4,371-52.3%

$3,806-45.2%

Admin fee / account holder

$225

$216+4.1%

$5,948-96.2%

$158+42.3%

Provider

Service type

Compensation

NORTHWEST PLAN SERVICES, INC.1 year

Filed as: NORTHWEST PLAN SERVICES

Service code 15 · EIN 91-2090931

Recordkeeping

$36,244

COLDSTREAM WEALTH MANAGEMENT1 year

Service code 26 · EIN 93-1052371

Advisory (Participants)

$20,144

MERLINO COMPANIES PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MERLINO COMPANIES PROFIT SHARING 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