Retirement plan

MEACON CORPORATION PROFIT SHARING AND EMPLOYEE SAVINGS BENEFIT PLAN

Name: MEACON CORPORATION - MEACON CORPORATION PROFIT SHARING AND EMPLOYEE SAVINGS BENEFIT PLAN (2020) Form 5500
Creator: MEACON CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEACON CORPORATION PROFIT SHARING AND EMPLOYEE SAVINGS BENEFIT PLAN, MEACON CORPORATION

MEACON CORPORATIONEIN 93-0783168Plan #001PY 2020

3990 SE INTERNATIONAL WAY - PORTLAND, OR 97222503-654-3366LinkedIn11-50 employeessemiconductors

Prospect flagsHigh feesHigh assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$6.6M

+9.1% from 2019

Total participants

+5.3% from 2019

Average account balance

$347,144

+9.1% from 2019

Annual return

9.29%

-5.80 pp from 2019

Benchmarks

See 22,194 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,194 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.69M

Not enough data

1 years with asset history on file

Average account balance

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

$350K

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.

157.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$353K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+11.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$126085

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 codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$434K

$25515 / participant

Other / not subdivided$434K100.0%

% of EOY assets

6.576%

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

$347,144

$162,821+113.2%

$133,978+159.1%

$158,982+118.4%

Participation rate

94.1%

83.2%+10.9pp

79.8%+14.3pp

82.0%+12.2pp

Annual return

9.29%

41.95%-32.7pp

45.10%-35.8pp

302.99%-293.7pp

Employer contribution / active EE

$17,386

$4,976+249.4%

$3,919+343.7%

$4,763+265.0%

Participant deferral / active EE

$7,402

$5,910+25.2%

$5,047+46.7%

$5,983+23.7%

Admin fee / account holder

$22,829

$11,742+94.4%

$8,930+155.6%

$11,252+102.9%

MEACON CORPORATION PROFIT SHARING AND EMPLOYEE SAVINGS BENEFIT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEACON CORPORATION PROFIT SHARING AND EMPLOYEE SAVINGS BENEFIT 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