Plans » Benchmarking Engine
Benchmarking Mando America Corporation Retirement Plan in Opelika, AL against
bad (5)
Mando America Corporation Retirement Plan in Opelika, AL, along with Horizons Diagnostics LLC Retirement Savings Plan in Columbus, GA, are the only two plans out of 23 within 50 miles that are higher than the overall administrative medians in each of professional fees, investment advisory and management fees, other administrative expenses, total administrative expenses, and total administrative expense ratio. Nationwide there are 304 such plans.
Mando America Corporation Retirement Plan has these standings among those 23 peer plans plus nationwide comparisons:
Mando America Corporation Retirement Plan has these standings among those 23 peer plans plus nationwide comparisons:
- professional fees = $9,662 (4th-highest)
the nationwide median is $0 - contract administrator fees = $0 (the lowest, tied)
the nationwide median is $0 - investment advisory and management fees = $67,094 (2nd-highest)
the nationwide median is $0 - other administrative expenses = $52,471 (5th-highest)
the nationwide median is $0 - total administrative expenses = $129,227 (2nd-highest)
the nationwide median is $51,442 - total administrative expense ratio = 0.350% (12th-highest)
the nationwide median is 0.260%
- are higher than the overall administrative medians in. Smaller sets are better. (1) The median nationwide value of professional fees is $0.00, so worse is above that. From Line 2i(1), Schedule H. Includes the total fees paid (or in the case of accrual basis plans, costs incurred during the plan year but not paid as of the end of the plan year) by the plan for outside accounting, actuarial, legal, and valuation/appraisal services. Includes fees for the annual audit of the plan by an independent qualified public accountant (IQPA); for payroll audits; for accounting/bookkeeping services; for actuarial services rendered to the plan; and to a lawyer for rendering legal opinions, litigation, and advice (but not for providing legal services as a benefit to plan participants). Reports fees and expenses for corporate trustees and individual plan trustees, including reimbursement of expenses associated with trustees, such as lost time, seminars, travel, meetings, etc. Includes the fee(s) for valuations or appraisals to determine the cost, quality, or value of an item such as real property, personal property (gemstones, coins, etc.), and for valuations of closely held securities for which there is no ready market. Does not include amounts paid to plan employees to perform bookkeeping/accounting functions that should be included in line 2i(4). A missing entry from the Schedule H is here assigned a value of $0. (2) The median nationwide value of contract administrator fees is $0.00, so worse is above that. From Line 2i(2), Schedule H. The total fees paid (or in the case of accrual basis plans, costs incurred during the plan year but not paid as of the end of the plan year) to a contract administrator for performing administrative services for the plan. For purposes of the return/report, a contract administrator is any individual, partnership, or corporation, responsible for managing the clerical operations (e.g., handling membership rosters, claims payments, maintaining books and records) of the plan on a contractual basis. Does not include salaried staff or employees of the plan or banks or insurance carriers. A missing entry from the Schedule H is here assigned a value of $0. (3) The median nationwide value of investment advisory and management fees is $0.00, so worse is above that. From Line 2i(3), Schedule H. The total fees paid (or in the case of accrual basis plans, costs incurred during the plan year but not paid as of the end of the plan year) to an individual, partnership or corporation (or other person) for advice to the plan relating to its investment portfolio. These may include fees paid to manage the plan’s investments, fees for specific advice on a particular investment, and fees for the evaluation for the plan’s investment performance. A missing entry from the Schedule H is here assigned a value of $0. (4) The median nationwide value of other administrative expenses is $0.00, so worse is above that. From Line 2i(4), Schedule H. Other expenses are those that cannot be included in 2i(1) through 2i(3). These may include plan expenditures such as salaries and other compensation and allowances (e.g., payment of premiums to provide health insurance benefits to plan employees), expenses for office supplies and equipment, cars, telephone, postage, rent, expenses associated with the ownership of a building used in the operation of the plan, and all miscellaneous expenses. Includes premium payments to the PBGC when paid from plan assets. A missing entry from the Schedule H is here assigned a value of $0. (5) The median nationwide value of total administrative expenses is $51,442, so worse is above that. From Line 2i(5), Schedule H. A missing entry from the Schedule H is here assigned a value of $0. Note that total administrative expenses = professional fees + contract administrator fees + investment advisory and management fees + other administrative expenses. (6) The median nationwide value of total administrative expense ratio is 0.260%, so worse is above that. Total administrative expense ratio (as a percentage) equals total administrative expenses (Line 2i(5), Schedule H) divided by total assets (end of plan year; Line 1f(b) from Schedule H), times 100. Some comparison measures have prerequisites that must be satisfied in order to keep their numeric values, otherwise their value becomes N/A. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
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within 50 miles.
- The Latitude and Longitude data used by this application were obtained from the Google Map's geolocation API service.
- In rare cases, the geolocation isn't found, typically because a street address is missing or incorrect, a zipcode isn't correct or omits a leading zero, or other detail. In such rare cases, the Google Maps service was used manually to identify the correct or likely office latitude and longtidue, with a preference to physical addresses rather than mailing addresses such as a post office box.
Mando America Corporation Retirement Plan in Opelika, AL is in Alabama, its EIN is 383274493, its industry group is Motor Vehicle Parts Manufacturing, its plan administrator is Audie Swegman, is a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, is a single-employer plan, its business code is 336300, has 1,000 to 4,999 total participants, is worse than the overall participant averages in each of net income per total participant, average account balance, active-participant contributions per head, and employer contributions per active participant (4 total), and is higher than the overall administrative medians in each of professional fees, investment advisory and management fees, other administrative expenses, total administrative expenses, and total administrative expense ratio.
Global References
Numeric values:
- total assets ($36,426,327)
- net assets (assets minus liabilities) ($36.40M)
- value of interest in registered investment companies (e.g., mutual funds) ($33.90M)
- total assets at beginning of plan year ($30,901,415)
- total income ($9,223,416)
- net income ($5,524,912)
- total contributions ($5,104,727)
- earnings on investments ($4,118,689)
- net earnings on investments ($4,051,595)
- total expenses ($3,698,504)
- cash contributions from participants ($3,246,491)
- value of interest in common/collective trusts ($1,588,269)
- cash contributions from employers ($1,507,377)
- participant loans ($956,738)
- corrective distributions ($254,823)
- total administrative expenses ($129,227)
- investment advisory and management fees ($67,094)
- other administrative expenses ($52,471)
- average account balance ($31,240)
- professional fees ($9,662)
- net income per total participant ($4,738)
- other receivables (not employer nor participant contributions) ($3,334)
- average participant cash contribution per active participant ($3,189)
- average employer cash contribution per active participant ($1,481)
- total administrative expense per participant ($110.83)
- total noninterest-bearing cash ($0)
- receivables employer contributions ($0)
- receivables participant contributions ($0)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($0)
- U.S. government securities ($0.0K)
- corporate debt instruments (preferred & other than employer securities) ($0)
- corporate debt instruments (below preferred & other than employer securities) ($0)
- corporate preferred stocks (other than employer securities) ($0)
- corporate common stocks (other than employer securities) ($0)
- partnership/joint venture interests ($0)
- real estate (other than employer real property) ($0)
- loans (other than to participants) ($0)
- value of interest in pooled separate accounts ($0)
- value of interest in master trust investment accounts ($0.0K)
- value of interest in 103-12 investment entities ($0)
- value of funds held in insurance company general account (unallocated contracts) ($0)
- other general investments ($0)
- employer-related securities investments ($0)
- employer-related real-property investments ($0)
- buildings and other property used in plan operation ($0)
- contract administrator fees ($0)
- asset transfers to this plan ($0)
- asset transfers from this plan ($0)
- percentage of active participants (87.3%)
- yield on beginning-of-plan-year total assets (13.11%)
- diversity of asset types (9.5%)
- participant loans as a percentage of plan assets (2.63%)
- total administrative expense ratio (0.350%)
- total cash as a percentage of plan assets (0.00%)
- employer securities as a percentage of plan assets (0.00%)
- active participants (1,018)
- deceased participants whose beneficiaries receive or are entitled to benefits (1)
- living participants (1,165)
- other retired or separated participants entitled to future benefits (145)
- retired or separated participants receiving benefits (2)
- total participants (1,166)
Global References