Retirement plan

MAY QUEEN, INC. 401(K) PROFIT SHARING PLAN & TRUST

Name: MAY QUEEN, INC. - MAY QUEEN, INC. 401(K) PROFIT SHARING PLAN & TRUST (2023) Form 5500
Creator: MAY QUEEN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAY QUEEN, INC. 401(K) PROFIT SHARING PLAN & TRUST, MAY QUEEN, INC.

MAY QUEEN, INC.EIN 95-4581807Plan #001PY 2023

521 E 11TH STREET - LOS ANGELES, CA 90015213-747-5358mayqueenusa.comLinkedIn1-10 employeeswholesale

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$82K

+373.1% from 2022

Total participants

+14.3% from 2022

Average account balance

$7,484

+330.1% from 2022

Annual return

51.74%

+51.74 pp from 2022

Benchmarks

See 4,366 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort4,366 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$158K

Not enough data

1 years with asset history on file

Average account balance

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

$14K

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.

68.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$59K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+19.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$88

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 codes2G2J3D

Plan features

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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$960

$60 / participant

Other / not subdivided$960100.0%

% of EOY assets

1.166%

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

$7,484

$95,580-92.2%

$76,872-90.3%

$139,466-94.6%

Participation rate

68.8%

74.0%-5.2pp

69.6%-0.8pp

80.3%-11.6pp

Annual return

51.74%

55.00%-3.3pp

37.90%+13.8pp

373.66%-321.9pp

Employer contribution / active EE

$1,685

$3,145-46.4%

$2,533-33.5%

$4,754-64.6%

Participant deferral / active EE

$1,810

$4,623-60.8%

$3,832-52.8%

$6,712-73.0%

Admin fee / account holder

$87

$8,302-98.9%

$5,476-98.4%

$11,409-99.2%

MAY QUEEN, INC. 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAY QUEEN, INC. 401(K) PROFIT SHARING PLAN & TRUST

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