Retirement plan

MKS INSTRUMENTS, INC. PROFIT SHARING & 401(K) PLAN

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

MKS INSTRUMENTS, INC.EIN 04-2277512Plan #001PY 2023

2 TECH DRIVE, SUITE 201 - ANDOVER, MA 01810978-645-5659

Prospect flagsFailed to provide benefitCorrective distributions

Top hat statement on fileNQDC

Filed January 12, 2010 (most recent of 3 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$764.9M

-6.6% from 2016

Total participants

4,151

+2.3% from 2016

Average account balance

$187,941

-9.1% from 2016

Annual return

25.79%

-7.30 pp from 2016

Benchmarks

See 809 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort809 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$839.57M

Not enough data

1 years with asset history on file

Average account balance

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

$206K

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.

4,076

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.

95.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$43.36M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+16.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$74

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	$264,283
STRATEGIC ADVISORS, INC.9+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$156,064
BDO USA, LLP8 years Filed as: BDO Service code 10 · EIN 13-5381590	Accounting	$21,086
CAPFINANCIAL PARTNERS LLC1 year Filed as: CAPFINANCIAL PARTNERS, LLC. Service code 27 · EIN 26-0058143	Advisory (Plan)	$20,000
SEYFARTH SHAW LLP1 year Service code 29 · EIN 36-2152202	Legal	$8,925

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$470K

$170 / participant

Recordkeeping$261K55.5%
Investment mgmt$156K33.2%
Legal$9K1.9%
Contract admin$3K0.6%
Other / not subdivided$41K8.7%

% of EOY assets

0.061%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA, P.C.
Auditor EIN: 135381590
Audit fees: $21,086
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$187,941

$104,544+79.8%

$96,564+94.6%

$80,187+134.4%

Participation rate

97.1%

86.4%+10.7pp

76.0%+21.1pp

72.9%+24.1pp

Annual return

25.79%

21.79%+4.0pp

25.89%-0.1pp

40.40%-14.6pp

Employer contribution / active EE

$3,310

$3,527-6.2%

$2,967+11.6%

$2,980+11.1%

Participant deferral / active EE

$11,372

$6,170+84.3%

$4,852+134.4%

$5,016+126.7%

Admin fee / account holder

$116

$107+8.2%

$8,256-98.6%

$145-20.3%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

$264,283

STRATEGIC ADVISORS, INC.9+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$156,064

BDO USA, LLP8 years

Filed as: BDO

Service code 10 · EIN 13-5381590

Accounting

$21,086

CAPFINANCIAL PARTNERS LLC1 year

Filed as: CAPFINANCIAL PARTNERS, LLC.

Service code 27 · EIN 26-0058143

Advisory (Plan)

$20,000

SEYFARTH SHAW LLP1 year

Service code 29 · EIN 36-2152202

Legal

$8,925

MKS INSTRUMENTS, INC. PROFIT SHARING & 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MKS INSTRUMENTS, INC. PROFIT SHARING & 401(K) PLAN

Top hat statement on fileNQDC

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