Retirement plan

MBI, INC. 401(K) PLAN

Name: MBI, INC. - MBI, INC. 401(K) PLAN (2020) 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 2020

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

Other plans on this EIN

1 filing

#001Retirement-$103.7M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$52.5M

+10.7% from 2019

Total participants

466

-1.3% from 2019

Average account balance

$129,225

+10.2% from 2019

Annual return

12.45%

-9.77 pp from 2019

Benchmarks

See 248 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort248 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$67.36M

Not enough data

1 years with asset history on file

Average account balance

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

$204K

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.

330

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.

85.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$65

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.6+ years Filed as: VANGUARD FIDUCIARY TRUST COMPANY Service code 12 · EIN 23-2186884	Claims processing	$18,760

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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$19K

$48 / participant

Contract admin$19K100.0%

% of EOY assets

0.036%

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: CLIFTON LARSON ALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$129,225

$51,447+151.2%

$104,614+23.5%

$73,412+76.0%

Participation rate

84.7%

68.2%+16.4pp

74.1%+10.6pp

72.2%+12.5pp

Annual return

12.45%

25.06%-12.6pp

340.56%-328.1pp

59.30%-46.8pp

Employer contribution / active EE

$1,441-100.0%

$2,681-100.0%

$2,234-100.0%

Participant deferral / active EE

$5,198

$3,058+70.0%

$3,739+39.0%

$3,806+36.6%

Admin fee / account holder

$46

$122-62.1%

$6,464-99.3%

$158-70.7%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.6+ years

Filed as: VANGUARD FIDUCIARY TRUST COMPANY

Service code 12 · EIN 23-2186884

Claims processing

$18,760

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