Retirement plan

MASTER-HALCO, INC. RETIREMENT SAVINGS VALUE PLAN

Name: MASTER-HALCO, INC. - MASTER-HALCO, INC. RETIREMENT SAVINGS VALUE PLAN (2019) Form 5500
Creator: MASTER-HALCO, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MASTER-HALCO, INC. RETIREMENT SAVINGS VALUE PLAN, MASTER-HALCO, INC.

MASTER-HALCO, INC.EIN 95-2871932Plan #002PY 2019

3010 LYNDON B. JOHNSON FREEWAY, SUITE 800 - DALLAS, TX 75234972-714-7315mastercoat.itLinkedIn1-10 employeesinsurance

Prospect flagsHigh feesCorrective distributions

Top hat statement on fileNQDC

Filed April 4, 2022 (most recent of 2 filings on file)

Plan administrator

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3010 Lyndon B Johnson Freeway, Suite 800

Dallas, TX 75234

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Plans declared (1)

MH Nonqualified Deferred Compensation Plan23 emp

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Total assets (EOY)

$40.2M

+23.8% from 2018

Total participants

778

+3.0% from 2018

Average account balance

$53,473

+18.4% from 2018

Annual return

19.51%

+24.84 pp from 2018

Benchmarks

See 1,313 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,313 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$74.13M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

1,400

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.

95.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.21M

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

+13.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$182

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

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Service providers

Top 10 of 13 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Service code 49 · EIN 04-1590850	Other Services	$175,410
PROVENANCE WEALTH ADVISORS2 years Filed as: PROVENANCE WEALTH ADVISORS, LLC Service code 27 · EIN 65-0978008	Advisory (Plan)	$52,797
AMERICAN FUNDS3 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BLACKROCK3 years Service code 52 · EIN 04-6171663	Indirect Investment Fees	$0
COHEN & STEERS3 years Service code 52 · EIN 14-1904657	Indirect Investment Fees	$0
INVESCO1 year Service code 52 · EIN 93-6305075	Indirect Investment Fees	$0
PARNASSUS3 years Service code 52 · EIN 94-6633178	Indirect Investment Fees	$0
PGIM INVESTMENTS3 years Service code 52 · EIN 13-3040042	Indirect Investment Fees	$0
PIMCO FUNDS3 years Service code 52 · EIN 95-2632339	Indirect Investment Fees	$0
PIONEER3 years Service code 52 · EIN 04-2652279	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D3H2S2T

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.
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$228K

$348 / participant

Investment mgmt$197K86.2%
Contract admin$31K13.6%
Other / not subdivided$2500.1%

% of EOY assets

0.568%

all-in expense ratio

Categories reported

2 / 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: HOUSE AND ASSOCIATES, P.C.
Auditor EIN: 752251628
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,473

$69,159-22.7%

$125,195-57.3%

$67,582-20.9%

Participation rate

96.0%

78.2%+17.8pp

79.8%+16.3pp

71.3%+24.8pp

Annual return

19.51%

27.12%-7.6pp

43.79%-24.3pp

378.57%-359.1pp

Employer contribution / active EE

$1,301

$2,023-35.7%

$3,866-66.3%

$2,148-39.4%

Participant deferral / active EE

$3,453

$3,700-6.7%

$4,937-30.1%

$3,539-2.4%

Admin fee / account holder

$303

$142+114.1%

$9,704-96.9%

$142+113.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Service code 49 · EIN 04-1590850

Other Services

$175,410

PROVENANCE WEALTH ADVISORS2 years

Filed as: PROVENANCE WEALTH ADVISORS, LLC

Service code 27 · EIN 65-0978008

Advisory (Plan)

$52,797

AMERICAN FUNDS3 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BLACKROCK3 years

Service code 52 · EIN 04-6171663

Indirect Investment Fees

COHEN & STEERS3 years

Service code 52 · EIN 14-1904657

Indirect Investment Fees

INVESCO1 year

Service code 52 · EIN 93-6305075

Indirect Investment Fees

PARNASSUS3 years

Service code 52 · EIN 94-6633178

Indirect Investment Fees

PGIM INVESTMENTS3 years

Service code 52 · EIN 13-3040042

Indirect Investment Fees

PIMCO FUNDS3 years

Service code 52 · EIN 95-2632339

Indirect Investment Fees

PIONEER3 years

Service code 52 · EIN 04-2652279

Indirect Investment Fees

MASTER-HALCO, INC. RETIREMENT SAVINGS VALUE PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MASTER-HALCO, INC. RETIREMENT SAVINGS VALUE PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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