Retirement plan

MCCOPPIN ENTERPRISES DBA ACCURATE MANUFACTURING COMPANY 401(K) PLAN

Name: MCCOPPIN ENTERPRISES - MCCOPPIN ENTERPRISES DBA ACCURATE MANUFACTURING COMPANY 401(K) PLAN (2022) Form 5500
Creator: MCCOPPIN ENTERPRISES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCCOPPIN ENTERPRISES DBA ACCURATE MANUFACTURING COMPANY 401(K) PLAN, MCCOPPIN ENTERPRISES

MCCOPPIN ENTERPRISESEIN 95-1487745Plan #001PY 2022

6641 SAN FERNANDO RD - GLENDALE, CA 912011702818-240-4840

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.6M

-1.2% from 2021

Total participants

-9.1% from 2021

Average account balance

$99,443

+5.0% from 2021

Annual return

-2.85%

-13.43 pp from 2021

Benchmarks

See 22,369 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,369 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.78M

Not enough data

1 years with asset history on file

Average account balance

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

$127K

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.

116.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$171K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+5.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12373

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 codes2E2F2G2J2T3D

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.
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

$131K

$8748 / participant

Other / not subdivided$131K100.0%

% of EOY assets

8.247%

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

$99,443

$100,805-1.4%

$86,698+14.7%

$134,532-26.1%

Participation rate

73.3%

79.0%-5.6pp

76.6%-3.3pp

81.2%-7.9pp

Annual return

-2.85%

29.09%-31.9pp

35.95%-38.8pp

418.27%-421.1pp

Employer contribution / active EE

$1,792

$3,490-48.6%

$2,837-36.8%

$4,741-62.2%

Participant deferral / active EE

$8,422

$5,339+57.7%

$4,656+80.9%

$6,401+31.6%

Admin fee / account holder

$8,201

$10,925-24.9%

$7,493+9.5%

$11,429-28.2%

MCCOPPIN ENTERPRISES DBA ACCURATE MANUFACTURING COMPANY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCCOPPIN ENTERPRISES DBA ACCURATE MANUFACTURING COMPANY 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