Retirement plan

MCCLURE & SONS, INC. 401(K)

Name: MCCLURE & SONS, INC. - MCCLURE & SONS, INC. 401(K) (2023) Form 5500
Creator: MCCLURE & SONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCCLURE & SONS, INC. 401(K), MCCLURE & SONS, INC.

MCCLURE & SONS, INC.EIN 91-1411013Plan #003PY 2023

15714 COUNTRY CLUB DRIVE - MILL CREEK, WA 98012425-316-6669

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$10M

+1.8% from 2022

Total participants

105

-9.5% from 2022

Average account balance

$108,234

+15.1% from 2022

Annual return

13.85%

+29.97 pp from 2022

Benchmarks

See 18,037 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,037 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.75M

Not enough data

1 years with asset history on file

Average account balance

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

$133K

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.

163.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$962K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+17.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14551

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

Top 3 by compensation

Provider	Service type	Compensation
MGROUP4 years Filed as: MGROUP INVESTMENT ADVISOR LLC Service code 27 1584 RESOLUTE ST · CELEBRATION, FL 34747	Advisory (Plan)	$29,152
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$20,179
DAVIS BACON PENSION PLANS INC4 years Service code 13 PO BOX 636 · SNOHOMISH, WA 98291	Contract Administrator	$19,781

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

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

$73K

$1544 / participant

Recordkeeping$5370.7%
Investment mgmt$49K68.0%
Other trustee fees$3520.5%
Contract admin$22K30.8%

% of EOY assets

0.729%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DAHLIN ACCOUNTING AND CONSULTING
Auditor EIN: 453652987
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$108,234

$73,978+46.3%

$96,515+12.1%

$75,173+44.0%

Participation rate

72.3%

66.4%+5.9pp

74.3%-2.0pp

67.2%+5.1pp

Annual return

13.85%

26.72%-12.9pp

35.73%-21.9pp

160.72%-146.9pp

Employer contribution / active EE

$11,967

$2,931+308.3%

$3,740+220.0%

$2,671+348.0%

Participant deferral / active EE

$1,795

$3,660-51.0%

$4,880-63.2%

$4,126-56.5%

Admin fee / account holder

$789

$5,219-84.9%

$6,735-88.3%

$5,651-86.0%

Provider

Service type

Compensation

MGROUP4 years

Filed as: MGROUP INVESTMENT ADVISOR LLC

Service code 27

1584 RESOLUTE ST · CELEBRATION, FL 34747

Advisory (Plan)

$29,152

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$20,179

DAVIS BACON PENSION PLANS INC4 years

Service code 13

PO BOX 636 · SNOHOMISH, WA 98291

Contract Administrator

$19,781

MCCLURE & SONS, INC. 401(K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCCLURE & SONS, INC. 401(K)

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