Retirement plan

MILLINOCKET FABRICATION AND MACHINE, LLC 401(K) AND PROFIT SHARING PLAN

Name: MILLINOCKET FABRICATION & MACHINE, LLC - MILLINOCKET FABRICATION AND MACHINE, LLC 401(K) AND PROFIT SHARING PLAN (2024) Form 5500
Creator: MILLINOCKET FABRICATION & MACHINE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MILLINOCKET FABRICATION AND MACHINE, LLC 401(K) AND PROFIT SHARING PLAN, MILLINOCKET FABRICATION & MACHINE, LLC

MILLINOCKET FABRICATION & MACHINE, LLCEIN 01-0500126Plan #003PY 2024

432 KATAHDIN AVENUE - MILLINOCKET, ME 04462207-723-9733millinocketfab.comLinkedIn11-50 employeesmachinery

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$1.2M

+25.2% from 2023

Total participants

0.0% from 2023

Average account balance

$90,128

+25.2% from 2023

Annual return

21.65%

-2.47 pp from 2023

Benchmarks

See 23,106 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort23,106 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$1.09M

Not enough data

1 years with asset history on file

Average account balance

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

$109K

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.

66.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$30K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+16.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$30227

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

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 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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$390

$30 / participant

Other / not subdivided$390100.0%

% of EOY assets

0.033%

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: -

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$90,128

$117,841-23.5%

$102,423-12.0%

$145,922-38.2%

Participation rate

76.9%

78.6%-1.7pp

76.5%+0.4pp

80.3%-3.4pp

Annual return

21.65%

31.65%-10.0pp

29.32%-7.7pp

561.29%-539.6pp

Employer contribution / active EE

$3,615-100.0%

$3,023-100.0%

$4,660-100.0%

Participant deferral / active EE

$2,571

$5,731-55.1%

$5,053-49.1%

$6,688-61.6%

Admin fee / account holder

$30

$13,326-99.8%

$9,451-99.7%

$13,397-99.8%

MILLINOCKET FABRICATION AND MACHINE, LLC 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MILLINOCKET FABRICATION AND MACHINE, LLC 401(K) AND 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