Retirement plan

MBI, INC. 401(K) PLAN

Name: MBI, INC. - MBI, INC. 401(K) PLAN (2017) 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 2017

47 RICHARDS AVE - NORWALK, CT 068542309203-853-2000mbi-inc.comLinkedIn201-500 employeesinternet

Other plans on this EIN

1 filing

#001Retirement-$103.0M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$44.7M

+14.5% from 2016

Total participants

492

-2.2% from 2016

Average account balance

$110,480

+13.7% from 2016

Annual return

16.19%

+6.44 pp from 2016

Benchmarks

See 259 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort259 peers

Snapshot2017

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.3+ years Filed as: VANGUARD FIDUCIARY TRUST COMPANY Service code 12 · EIN 23-2186884	Claims processing	$16,921

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

$17K

$40 / participant

Contract admin$17K100.0%

% of EOY assets

0.038%

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

$110,480

$43,411+154.5%

$94,993+16.3%

$69,631+58.7%

Participation rate

79.4%

64.4%+15.0pp

73.9%+5.5pp

70.7%+8.7pp

Annual return

16.19%

22.54%-6.3pp

27.14%-10.9pp

27571.02%-27554.8pp

Employer contribution / active EE

$1,202-100.0%

$2,603-100.0%

$2,032-100.0%

Participant deferral / active EE

$4,795

$2,384+101.1%

$3,317+44.6%

$3,224+48.7%

Admin fee / account holder

$42

$87-52.1%

$4,960-99.2%

$110-62.2%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.3+ years

Filed as: VANGUARD FIDUCIARY TRUST COMPANY

Service code 12 · EIN 23-2186884

Claims processing

$16,921

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