Retirement plan

MICRO TECH STAFFING GROUP AND AFFILIATES 401(K) RETIREMENT PLAN

Name: MICRO TECH STAFFING GROUP - MICRO TECH STAFFING GROUP AND AFFILIATES 401(K) RETIREMENT PLAN (2022) Form 5500
Creator: MICRO TECH STAFFING GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MICRO TECH STAFFING GROUP AND AFFILIATES 401(K) RETIREMENT PLAN, MICRO TECH STAFFING GROUP

MICRO TECH STAFFING GROUPEIN 04-2851736Plan #001PY 2022

1214 PARK ST., UNIT 204 - STOUGHTON, MA 02072781-249-3642mtsg.comLinkedIn201-500 employeesstaffing and recruiting

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$5M

-1.7% from 2021

Total participants

-53.2% from 2021

Average account balance

$82,051

-11.4% from 2021

Annual return

-15.60%

-29.82 pp from 2021

Benchmarks

See 4,928 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants25-99

Cohort4,928 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.14M

Not enough data

1 years with asset history on file

Average account balance

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

$141K

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.

52.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$678K

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

+19.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10979

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 codes2E2F2G2J3D

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.
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

$300

$4 / participant

Other / not subdivided$300100.0%

% of EOY assets

0.006%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: APRIO LLP
Auditor EIN: 571157523
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,051

$45,872+78.9%

$77,096+6.4%

$68,486+19.8%

Participation rate

58.0%

55.9%+2.1pp

67.9%-9.9pp

Annual return

-15.60%

1.73%-17.3pp

42.35%-58.0pp

-7.85%-7.7pp

Employer contribution / active EE

$2,775

$1,650+68.2%

$2,814-1.4%

$2,597+6.9%

Participant deferral / active EE

$6,016

$2,963+103.1%

$4,429+35.8%

$4,028+49.4%

Admin fee / account holder

$3,041-99.8%

$5,428-99.9%

$5,404-99.9%

MICRO TECH STAFFING GROUP AND AFFILIATES 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MICRO TECH STAFFING GROUP AND AFFILIATES 401(K) RETIREMENT 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