Retirement plan

EMPLOYEE BENEFIT PLAN OF MUTUAL LIQUID GAS EQUIPMENT COMPANY, INC.

Name: MUTUAL LIQUID GAS EQUIPMENT COMPANY, INC. - EMPLOYEE BENEFIT PLAN OF MUTUAL LIQUID GAS EQUIPMENT COMPANY, INC. (2020) Form 5500
Creator: MUTUAL LIQUID GAS EQUIPMENT COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF MUTUAL LIQUID GAS EQUIPMENT COMPANY, INC., MUTUAL LIQUID GAS EQUIPMENT COMPANY, INC.

MUTUAL LIQUID GAS EQUIPMENT COMPANY, INC.EIN 95-1617065Plan #002PY 2020

17117 SOUTH BROADWAY AVENUE - GARDENA, CA 90248310-515-0553LinkedIn11-50 employeesoil & energy

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.7M

+17.9% from 2019

Total participants

+11.1% from 2019

Average account balance

$31,188

+9.2% from 2019

Annual return

12.48%

+10.05 pp from 2019

Benchmarks

See 2,022 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort2,022 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.13M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

107.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$168K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+8.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3636

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 codes2F2G2S2T3D

Plan features

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.
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

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

$80K

$1638 / participant

Other / not subdivided$80K100.0%

% of EOY assets

4.767%

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

$31,188

$63,861-51.2%

$104,639-70.2%

$79,856-60.9%

Participation rate

87.8%

64.9%+22.8pp

74.1%+13.7pp

69.6%+18.1pp

Annual return

12.48%

21.30%-8.8pp

340.67%-328.2pp

31.71%-19.2pp

Employer contribution / active EE

$1,339

$1,588-15.7%

$2,682-50.1%

$2,471-45.8%

Participant deferral / active EE

$1,793

$2,693-33.4%

$3,738-52.0%

$3,741-52.1%

Admin fee / account holder

$1,487

$4,185-64.5%

$6,465-77.0%

$5,306-72.0%

EMPLOYEE BENEFIT PLAN OF MUTUAL LIQUID GAS EQUIPMENT COMPANY, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF MUTUAL LIQUID GAS EQUIPMENT COMPANY, INC.

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