Retirement plan

MAAC MANAGEMENT/UNREPRESENTED 401(K) PLAN

Name: METROPOLITAN AREA ADVISORY COMMITTEE - MAAC MANAGEMENT/UNREPRESENTED 401(K) PLAN (2024) Form 5500
Creator: METROPOLITAN AREA ADVISORY COMMITTEE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAAC MANAGEMENT/UNREPRESENTED 401(K) PLAN, METROPOLITAN AREA ADVISORY COMMITTEE

METROPOLITAN AREA ADVISORY COMMITTEEEIN 95-2457354Plan #001PY 2024

1355 THIRD AVE - CHULA VISTA, CA 91911619-409-1780LinkedIn1-10 employeesconstruction

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$6.7M

+23.9% from 2023

Total participants

145

0.0% from 2023

Average account balance

$71,284

+23.9% from 2023

Annual return

15.76%

-5.36 pp from 2023

Benchmarks

See 1,231 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,231 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.70M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

77.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$819K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+15.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4068

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 codes2E2J2F2G3D

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$382K

$3160 / participant

Other / not subdivided$382K100.0%

% of EOY assets

5.706%

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

$71,284

$54,558+30.7%

$76,051-6.3%

$74,400-4.2%

Participation rate

57.9%

60.3%-2.5pp

69.1%-11.2pp

67.2%-9.4pp

Annual return

15.76%

31.83%-16.1pp

360.42%-344.7pp

1367.51%-1351.7pp

Employer contribution / active EE

$2,283

$1,778+28.4%

$2,690-15.1%

$2,624-13.0%

Participant deferral / active EE

$4,486

$3,065+46.4%

$4,257+5.4%

$4,348+3.2%

Admin fee / account holder

$4,068

$2,232+82.2%

$6,416-36.6%

$1,944+109.3%

MAAC MANAGEMENT/UNREPRESENTED 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAAC MANAGEMENT/UNREPRESENTED 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