Retirement plan

MINDLEAF TECHNOLOGIES, INC. PREVAILING WAGE 401(K) PROFIT SHARING PLAN

Name: MINDLEAF TECHNOLOGIES, INC. - MINDLEAF TECHNOLOGIES, INC. PREVAILING WAGE 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: MINDLEAF TECHNOLOGIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MINDLEAF TECHNOLOGIES, INC. PREVAILING WAGE 401(K) PROFIT SHARING PLAN, MINDLEAF TECHNOLOGIES, INC.

MINDLEAF TECHNOLOGIES, INC.EIN 04-3182865Plan #001PY 2020

59 LOWE'S WAY, SUITE 104 - LOWELL, MA 01851781-275-1845mindleaf.comLinkedIn201-500 employeeshospital & health care

Prospect flagsLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$2.1M

+10.3% from 2019

Total participants

242

-14.2% from 2019

Average account balance

$8,816

+25.9% from 2019

Annual return

13.68%

-6.36 pp from 2019

Benchmarks

See 4,277 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants25-99

Cohort4,277 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.39M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

72.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$124K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+11.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$365

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS5+ years Filed as: TRANSAMERICA RETIREMENT SOLUTIONS L Service code 15 · EIN 13-3689044	Recordkeeping	$17,751
HICKS PENSION SERVICES5+ years Filed as: HICKS PENSION SERVICES- SLO Service code 15 · EIN 77-0155091	Recordkeeping	$15,073
CHAVEZ SILVA & COMPANY3 years Service code 10 · EIN 46-2978632	Accounting	$8,781

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.

Opportunity flags

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$11K

$132 / participant

Investment mgmt$11K100.0%

% of EOY assets

0.512%

all-in expense ratio

Categories reported

1 / 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: CHAVEZ, SILVA & CO.
Auditor EIN: 462978632
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,816

$52,279-83.1%

$89,400-90.1%

$79,858-89.0%

Participation rate

90.0%

57.5%+32.5pp

68.0%+22.0pp

69.6%+20.4pp

Annual return

13.68%

22.16%-8.5pp

245.64%-232.0pp

31.72%-18.0pp

Employer contribution / active EE

$2,794

$1,572+77.8%

$2,586+8.1%

$2,471+13.1%

Participant deferral / active EE

$1,038

$2,740-62.1%

$3,890-73.3%

$3,740-72.2%

Admin fee / account holder

$45

$3,356-98.7%

$4,882-99.1%

$5,306-99.1%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS5+ years

Filed as: TRANSAMERICA RETIREMENT SOLUTIONS L

Service code 15 · EIN 13-3689044

Recordkeeping

$17,751

HICKS PENSION SERVICES5+ years

Filed as: HICKS PENSION SERVICES- SLO

Service code 15 · EIN 77-0155091

Recordkeeping

$15,073

CHAVEZ SILVA & COMPANY3 years

Service code 10 · EIN 46-2978632

Accounting

$8,781

MINDLEAF TECHNOLOGIES, INC. PREVAILING WAGE 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MINDLEAF TECHNOLOGIES, INC. PREVAILING WAGE 401(K) 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