Retirement plan

MTC RETIREMENT PLAN

Name: MUTUAL TRADING COMPANY, INC. - MTC RETIREMENT PLAN (2020) Form 5500
Creator: MUTUAL TRADING COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MTC RETIREMENT PLAN, MUTUAL TRADING COMPANY, INC.

MUTUAL TRADING COMPANY, INC.EIN 95-1034280Plan #003PY 2020

4200 SHIRLEY AVE - EL MONTE, CA 91731213-626-9458lamtc.comLinkedIn201-500 employeesinternational trade and development

Prospect flagsHigh cash

How to read this page

Total assets (EOY)

$27.7M

+19.5% from 2019

Total participants

730

+1.0% from 2019

Average account balance

$41,445

+13.3% from 2019

Annual return

16.04%

-3.33 pp from 2019

Benchmarks

See 1,266 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,266 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$42.37M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

675

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.

74.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.69M

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

+12.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$272

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 4 by compensation

Provider	Service type	Compensation
ACTUARIAL BENEFITS CORP3 years Service code 11 · EIN 20-1054428 4707 EXECUTIVE DR · SAN DIEGO, CA 92121	Actuarial	$117,196
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850	Recordkeeping	$85,415
RELIANCE TRUST COMPANY1 year Filed as: RELIANCE TRUST COPANY Service code 25	Directed Trustee	$325
RELIANCE TRUST COMPANY2 years Service code 25 · EIN 58-1428634	Directed Trustee	$0

Plan features & details

Pension benefit codes2E2G2J2K2T2F3D3H

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.
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.
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

1 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$138K

$271 / participant

Contract admin$135K97.8%
Other / not subdivided$3K2.2%

% of EOY assets

0.498%

all-in expense ratio

Categories reported

1 / 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: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,445

$78,419-47.1%

$133,978-69.1%

$73,412-43.5%

Participation rate

88.0%

78.6%+9.4pp

79.8%+8.2pp

72.2%+15.8pp

Annual return

16.04%

33.35%-17.3pp

45.10%-29.1pp

59.30%-43.3pp

Employer contribution / active EE

$682

$2,044-66.6%

$3,919-82.6%

$2,234-69.5%

Participant deferral / active EE

$2,985

$3,925-24.0%

$5,047-40.9%

$3,806-21.6%

Admin fee / account holder

$206

$161+28.0%

$8,930-97.7%

$158+30.8%

Provider

Service type

Compensation

ACTUARIAL BENEFITS CORP3 years

Service code 11 · EIN 20-1054428

4707 EXECUTIVE DR · SAN DIEGO, CA 92121

Actuarial

$117,196

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 15 · EIN 04-1590850

Recordkeeping

$85,415

RELIANCE TRUST COMPANY1 year

Filed as: RELIANCE TRUST COPANY

Service code 25

Directed Trustee

$325

RELIANCE TRUST COMPANY2 years

Service code 25 · EIN 58-1428634

Directed Trustee

MTC RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MTC RETIREMENT 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