Retirement plan

MCGUFF COMPANY, INC. 401(K) PROFIT SHARING PLAN

Name: MCGUFF COMPANY, INC. - MCGUFF COMPANY, INC. 401(K) PROFIT SHARING PLAN (2022) 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 2022

3524 WEST LAKE CENTER DRIVE - SANTA ANA, CA 92704800-854-7220

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.8M

-10.8% from 2021

Total participants

186

+6.9% from 2021

Average account balance

$52,752

-19.9% from 2021

Annual return

-17.30%

-33.02 pp from 2021

Benchmarks

See 2,204 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,204 peers

Snapshot2022

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 3 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION4 years Service code 15 · EIN 35-0472300 P.O. BOX 7877 · FORT WAYNE, IN 46802	Recordkeeping	$11,710
WRIGHT FORD YOUNG & CO2 years Filed as: WRIGHT FORD YOUNG & CO. Service code 55 · EIN 95-3288054 16140 SAND CANYON AVE · IRVINE, CA 92618	Other Commissions	$11,710
BENEFIT EQUITY, INC.2 years Service code 13 · EIN 33-0384246 525 CABRILLO PARK DR STE 20 · SANTA ANA, CA 92701	Contract Administrator	$10,345

Plan features & details

Pension benefit codes2E2F2G2J2K

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.

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$14K

$129 / participant

Other / not subdivided$14K100.0%

% of EOY assets

0.164%

all-in expense ratio

Categories reported

0 / 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: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,752

$49,471+6.6%

$79,583-33.7%

$66,949-21.2%

Participation rate

83.0%

61.4%+21.7pp

69.5%+13.5pp

69.8%+13.2pp

Annual return

-17.30%

84.30%-101.6pp

0.16%-17.5pp

1.57%-18.9pp

Employer contribution / active EE

$1,320

$1,266+4.2%

$2,414-45.3%

$2,545-48.2%

Participant deferral / active EE

$6,038

$3,160+91.1%

$3,986+51.5%

$4,239+42.4%

Admin fee / account holder

$87

$595-85.4%

$6,835-98.7%

$594-85.4%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION4 years

Service code 15 · EIN 35-0472300

P.O. BOX 7877 · FORT WAYNE, IN 46802

Recordkeeping

$11,710

WRIGHT FORD YOUNG & CO2 years

Filed as: WRIGHT FORD YOUNG & CO.

Service code 55 · EIN 95-3288054

16140 SAND CANYON AVE · IRVINE, CA 92618

Other Commissions

$11,710

BENEFIT EQUITY, INC.2 years

Service code 13 · EIN 33-0384246

525 CABRILLO PARK DR STE 20 · SANTA ANA, CA 92701

Contract Administrator

$10,345

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