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. (2021) 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 2021

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.1M

+26.0% from 2020

Total participants

+5.0% from 2020

Average account balance

$37,904

+21.5% from 2020

Annual return

18.88%

+6.40 pp from 2020

Benchmarks

See 2,074 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort2,074 peers

Snapshot2021

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

$35K

$722 / participant

Other / not subdivided$35K100.0%

% of EOY assets

1.668%

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

$37,904

$66,431-42.9%

$109,916-65.5%

$85,851-55.8%

Participation rate

85.7%

63.9%+21.8pp

74.2%+11.5pp

69.3%+16.4pp

Annual return

18.88%

19.59%-0.7pp

29.46%-10.6pp

318.63%-299.8pp

Employer contribution / active EE

$1,348

$1,688-20.1%

$2,844-52.6%

$2,565-47.5%

Participant deferral / active EE

$1,818

$2,844-36.1%

$4,047-55.1%

$3,952-54.0%

Admin fee / account holder

$632

$4,559-86.1%

$6,069-89.6%

$6,261-89.9%

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