Retirement plan

MITCHELL INTERNATIONAL, INC. 401K SAVINGS PLAN

Name: MITCHELL INTERNATIONAL, INC - MITCHELL INTERNATIONAL, INC. 401K SAVINGS PLAN (2019) Form 5500
Creator: MITCHELL INTERNATIONAL, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MITCHELL INTERNATIONAL, INC. 401K SAVINGS PLAN, MITCHELL INTERNATIONAL, INC

MITCHELL INTERNATIONAL, INCEIN 94-3355101Plan #001PY 2019

6220 GREENWICH DRIVE - SAN DIEGO, CA 92122858-368-7992mitchell.comLinkedIn1001-5000 employeescomputer software

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$176M

-9.3% from 2016

Total participants

2,124

-2.8% from 2016

Average account balance

$90,509

-4.6% from 2016

Annual return

21.21%

-9.03 pp from 2016

Benchmarks

See 181 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants1,000-4,999

Cohort181 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$658.18M

Not enough data

1 years with asset history on file

Average account balance

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

$107K

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.

6,150

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.

88.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$50.13M

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

+11.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$148

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 5 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND5+ years Service code 13 · EIN 06-1050034	Contract Administrator	$200,888
BUKATY COMPANIES O'RENICK WEALTH1 year Service code 27 · EIN 43-1451524	Advisory (Plan)	$181,139
INDEPENDENT FINANCIAL PARTNERS3 years Service code 27 · EIN 59-3331424	Advisory (Plan)	$53,929
JGD & ASSOCIATES LLP3 years Filed as: JGD & ASSOCIATES, LLP Service code 10 · EIN 95-3132551	Accounting	$10,000
PRUDENTIAL RETIREMENT INSURANCE AND5+ years Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2T2S3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$449K

$281 / participant

Other / not subdivided$449K100.0%

% of EOY assets

0.255%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: JGD & ASSOCIATES, LLP
Auditor EIN: 953132551
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$90,509

$86,338+4.8%

$91,994-1.6%

$77,775+16.4%

Participation rate

88.8%

82.9%+5.9pp

78.6%+10.2pp

73.2%+15.6pp

Annual return

21.21%

29.65%-8.4pp

69.04%-47.8pp

32.58%-11.4pp

Employer contribution / active EE

$2,135

$2,988-28.5%

$3,453-38.2%

$2,504-14.7%

Participant deferral / active EE

$7,264

$6,908+5.2%

$5,924+22.6%

$3,966+83.2%

Admin fee / account holder

$231

$79+191.2%

$7,744-97.0%

$100+130.9%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND5+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$200,888

BUKATY COMPANIES O'RENICK WEALTH1 year

Service code 27 · EIN 43-1451524

Advisory (Plan)

$181,139

INDEPENDENT FINANCIAL PARTNERS3 years

Service code 27 · EIN 59-3331424

Advisory (Plan)

$53,929

JGD & ASSOCIATES LLP3 years

Filed as: JGD & ASSOCIATES, LLP

Service code 10 · EIN 95-3132551

Accounting

$10,000

PRUDENTIAL RETIREMENT INSURANCE AND5+ years

Filed as: THE PRUDENTIAL INSURANCE COMPANY OF

Service code 15

Recordkeeping

MITCHELL INTERNATIONAL, INC. 401K SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MITCHELL INTERNATIONAL, INC. 401K SAVINGS 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