Retirement plan

MERLINO COMPANIES PROFIT SHARING 401(K) PLAN

Name: GARY MERLINO CONSTRUCTION COMPANY, INC. - MERLINO COMPANIES PROFIT SHARING 401(K) PLAN (2023) 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 2023

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

Prospect flagsLow returnsHigh feesLow participation

How to read this page

Total assets (EOY)

$40.4M

+12.7% from 2022

Total participants

516

-6.9% from 2022

Average account balance

$153,137

+8.0% from 2022

Annual return

12.90%

+26.07 pp from 2022

Benchmarks

See 1,502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,502 peers

Snapshot2023

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
RBC WEALTH MANAGEMENT1 year Service code 26 · EIN 41-1416330	Advisory (Participants)	$47,500
NORTHWEST PLAN SERVICES, INC.4 years Filed as: NORTHWEST PLAN SERVICES Service code 15 · EIN 91-2090931	Recordkeeping	$37,935

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$85K

$199 / participant

Investment mgmt$48K55.6%
Contract admin$38K44.4%

% of EOY assets

0.211%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$153,137

$93,010+64.6%

$96,515+58.7%

$74,460+105.7%

Participation rate

41.3%

71.6%-30.3pp

74.3%-33.1pp

70.7%-29.5pp

Annual return

12.90%

37.50%-24.6pp

35.73%-22.8pp

34.38%-21.5pp

Employer contribution / active EE

$2,274

$3,427-33.7%

$3,740-39.2%

$2,638-13.8%

Participant deferral / active EE

$2,774

$3,971-30.1%

$4,880-43.1%

$4,530-38.8%

Admin fee / account holder

$324

$633-48.9%

$6,735-95.2%

$348-7.0%

Provider

Service type

Compensation

RBC WEALTH MANAGEMENT1 year

Service code 26 · EIN 41-1416330

Advisory (Participants)

$47,500

NORTHWEST PLAN SERVICES, INC.4 years

Filed as: NORTHWEST PLAN SERVICES

Service code 15 · EIN 91-2090931

Recordkeeping

$37,935

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