Retirement plan

MCGUFF COMPANY INC 401(K) PROFIT SHARING PLAN

Name: MCGUFF COMPANY, INC. - MCGUFF COMPANY INC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: MCGUFF COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCGUFF COMPANY INC 401(K) PROFIT SHARING PLAN, MCGUFF COMPANY, INC.

MCGUFF COMPANY, INC.EIN 95-3797134Plan #001PY 2024

3524 W LAKE CENTER DRIVE, #B - SANTA ANA, CA 92704800-854-7220

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$10.9M

+24.2% from 2023

Total participants

166

+9.9% from 2023

Average account balance

$69,700

+9.1% from 2023

Annual return

18.49%

+0.10 pp from 2023

Benchmarks

See 14,154 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,154 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.87M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

156

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.

89.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$722K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+18.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$451

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

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
BURHAN GIBSON1 year Service code 26 · EIN 47-5476782	Advisory (Participants)	$33,787
WRIGHT FORD YOUNG & CO2 years Service code 10 · EIN 95-3288054	Accounting	$13,340
HICKS PENSION SERVICES1 year Service code 15 · EIN 77-0155091	Recordkeeping	$12,439
LINCOLN NATIONAL CORPORATION6 years Service code 15 · EIN 35-0472300	Recordkeeping	$12,439
BENEFIT EQUITY, INC.2 years Filed as: BENEFIT EQUITY, INC Service code 15 · EIN 33-0384246	Recordkeeping	$1,233

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

$70K

$774 / participant

Recordkeeping$17K24.4%
Other / not subdivided$53K75.6%

% of EOY assets

0.648%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WRIGHT FORD YOUNG AND COMPANY
Auditor EIN: 953288054
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$69,700

$86,949-19.8%

$102,460-32.0%

$80,959-13.9%

Participation rate

89.0%

72.4%+16.6pp

76.5%+12.5pp

67.7%+21.3pp

Annual return

18.49%

18.89%-0.4pp

29.47%-11.0pp

35.67%-17.2pp

Employer contribution / active EE

$1,515

$2,370-36.1%

$3,025-49.9%

$2,757-45.0%

Participant deferral / active EE

$6,420

$4,121+55.8%

$5,056+27.0%

$4,300+49.3%

Admin fee / account holder

$451

$8,048-94.4%

$9,460-95.2%

$6,925-93.5%

Provider

Service type

Compensation

BURHAN GIBSON1 year

Service code 26 · EIN 47-5476782

Advisory (Participants)

$33,787

WRIGHT FORD YOUNG & CO2 years

Service code 10 · EIN 95-3288054

Accounting

$13,340

HICKS PENSION SERVICES1 year

Service code 15 · EIN 77-0155091

Recordkeeping

$12,439

LINCOLN NATIONAL CORPORATION6 years

Service code 15 · EIN 35-0472300

Recordkeeping

$12,439

BENEFIT EQUITY, INC.2 years

Filed as: BENEFIT EQUITY, INC

Service code 15 · EIN 33-0384246

Recordkeeping

$1,233

MCGUFF COMPANY INC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCGUFF COMPANY INC 401(K) PROFIT SHARING 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