Retirement plan

MBI, INC. 401(K) PLAN

Name: MBI, INC. - MBI, INC. 401(K) PLAN (2016) Form 5500
Creator: MBI, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MBI, INC. 401(K) PLAN, MBI, INC.

MBI, INC.EIN 06-0902721Plan #002PY 2016

47 RICHARDS AVENUE - NORWALK, CT 068570001203-853-2000mbi-inc.comLinkedIn201-500 employeesinternet

Other plans on this EIN

1 filing

#001Retirement-$100.9M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$39.1M

+11.1% from 2015

Total participants

503

-1.0% from 2015

Average account balance

$97,202

+10.3% from 2015

Annual return

9.75%

+9.47 pp from 2015

Benchmarks

See 263 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort263 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$64.69M

Not enough data

1 years with asset history on file

Average account balance

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

$180K

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.

359

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.

86.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.20M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+15.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$58

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 1 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.2+ years Filed as: VANGUARD FIDUCIARY TRUST COMPANY Service code 12 · EIN 23-2186884	Claims processing	$9,123

Plan features & details

Pension benefit codes2F2G2J3D

Plan features

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$9K

$21 / participant

Contract admin$9K100.0%

% of EOY assets

0.023%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BLUM SHAPIRO & CO., P.C.
Auditor EIN: 061009205
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$97,202

$57,103+70.2%

$87,502+11.1%

$57,658+68.6%

Participation rate

77.1%

64.3%+12.8pp

73.8%+3.3pp

70.2%+6.9pp

Annual return

9.75%

12.71%-3.0pp

12.21%-2.5pp

5.13%+4.6pp

Employer contribution / active EE

$1,107-100.0%

$2,550-100.0%

$1,974-100.0%

Participant deferral / active EE

$4,303

$2,250+91.3%

$3,149+36.7%

$3,061+40.6%

Admin fee / account holder

$23

$281-91.9%

$4,221-99.5%

$95-76.0%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.2+ years

Filed as: VANGUARD FIDUCIARY TRUST COMPANY

Service code 12 · EIN 23-2186884

Claims processing

$9,123

MBI, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MBI, 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