Retirement plan

MAUI ECONOMIC OPPORTUNITY INC. 401(K) PLAN

Name: MAUI ECONOMIC OPPORTUNITY INC - MAUI ECONOMIC OPPORTUNITY INC. 401(K) PLAN (2020) Form 5500
Creator: MAUI ECONOMIC OPPORTUNITY INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAUI ECONOMIC OPPORTUNITY INC. 401(K) PLAN, MAUI ECONOMIC OPPORTUNITY INC

MAUI ECONOMIC OPPORTUNITY INCEIN 99-6009889Plan #002PY 2020

99 MAHALANI STREET - WAILUKU, HI 96793808-249-2980meoinc.orgLinkedIn201-500 employeesnon-profit organization management

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$4.9M

+14.7% from 2019

Total participants

200

+9.3% from 2019

Average account balance

$25,788

+7.4% from 2019

Annual return

7.11%

-4.43 pp from 2019

Benchmarks

See 1,687 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,687 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.83M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

180

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.

96.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$766K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+8.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$293

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 1 by compensation

Provider	Service type	Compensation
EQUITABLE ADVISORS LLC2 years Filed as: EQUITABLE LIFE INSURANCE CO. Service code 15 · EIN 13-5570651	Recordkeeping	$27,059

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$27K

$156 / participant

Contract admin$27K100.0%

% of EOY assets

0.555%

all-in expense ratio

Categories reported

1 / 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: CW ASSOCIATES, CPAS
Auditor EIN: 261659234
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,788

$66,124-61.0%

$90,461-71.5%

$73,497-64.9%

Participation rate

93.7%

69.7%+24.0pp

72.7%+21.0pp

70.7%+23.0pp

Annual return

7.11%

17.65%-10.5pp

1294.76%-1287.7pp

28.51%-21.4pp

Employer contribution / active EE

$1,756

$2,346-25.2%

$3,264-46.2%

$2,270-22.7%

Participant deferral / active EE

$1,794

$3,039-41.0%

$3,964-54.7%

$3,740-52.0%

Admin fee / account holder

$143

$396-63.9%

$5,617-97.5%

$513-72.1%

Provider

Service type

Compensation

EQUITABLE ADVISORS LLC2 years

Filed as: EQUITABLE LIFE INSURANCE CO.

Service code 15 · EIN 13-5570651

Recordkeeping

$27,059

MAUI ECONOMIC OPPORTUNITY INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAUI ECONOMIC OPPORTUNITY INC. 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