Retirement plan

MBW, INC. 401(K) PLAN

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

MBW, INC.EIN 04-3178439Plan #001PY 2020

184 GOVERNOR DUKAKIS DR - ORANGE, MA 01364978-544-6462

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$3M

-3.6% from 2019

Total participants

142

-6.0% from 2019

Average account balance

$40,154

+9.3% from 2019

Annual return

11.41%

-9.67 pp from 2019

Benchmarks

See 1,894 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,894 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.93M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

54.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$174K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+6.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4009

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

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Service providers

Top 10 of 16 by compensation

Provider	Service type	Compensation
SUMMIT FINANCIAL CORPORATION2 years Service code 27 · EIN 04-3222046	Advisory (Plan)	$16,863
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$14,848
AMERICAN FUNDS1 year Service code 52 · EIN 95-2817150	Indirect Investment Fees	$0
COHEN & STEERS1 year Service code 52 · EIN 14-1904657	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-6056833	Indirect Investment Fees	$0
INVESCO1 year Service code 52 · EIN 93-6305075	Indirect Investment Fees	$0
JANUS HENDERSON1 year Service code 52 · EIN 84-0592523	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN Service code 52 · EIN 04-3400483	Indirect Investment Fees	$0
LEGG MASON1 year Service code 52 · EIN 95-2705767	Indirect Investment Fees	$0
LORD ABBETT1 year Service code 52 · EIN 13-3731507	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$15K

$115 / participant

Investment mgmt$14K92.3%
Contract admin$1K7.7%

% of EOY assets

0.493%

all-in expense ratio

Categories reported

2 / 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: S&G LLP
Auditor EIN: 042701070
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,154

$70,917-43.4%

$98,916-59.4%

$73,493-45.4%

Participation rate

48.1%

73.8%-25.7pp

76.0%-28.0pp

70.7%-22.6pp

Annual return

11.41%

34.18%-22.8pp

196.45%-185.0pp

28.51%-17.1pp

Employer contribution / active EE

$512

$2,037-74.8%

$2,689-80.9%

$2,270-77.4%

Participant deferral / active EE

$1,236

$3,501-64.7%

$4,245-70.9%

$3,740-67.0%

Admin fee / account holder

$198

$535-63.0%

$6,642-97.0%

$513-61.4%

Provider

Service type

Compensation

SUMMIT FINANCIAL CORPORATION2 years

Service code 27 · EIN 04-3222046

Advisory (Plan)

$16,863

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$14,848

AMERICAN FUNDS1 year

Service code 52 · EIN 95-2817150

Indirect Investment Fees

COHEN & STEERS1 year

Service code 52 · EIN 14-1904657

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-6056833

Indirect Investment Fees

INVESCO1 year

Service code 52 · EIN 93-6305075

Indirect Investment Fees

JANUS HENDERSON1 year

Service code 52 · EIN 84-0592523

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN

Service code 52 · EIN 04-3400483

Indirect Investment Fees

LEGG MASON1 year

Service code 52 · EIN 95-2705767

Indirect Investment Fees

LORD ABBETT1 year

Service code 52 · EIN 13-3731507

Indirect Investment Fees

MBW, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MBW, 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