Retirement plan

MSM, INC. EMPLOYEE WELFARE BENEFIT PLAN

Name: MID-STATE MASON CONTRACTORS, INC. - MSM, INC. EMPLOYEE WELFARE BENEFIT PLAN (2024) Form 5500
Creator: MID-STATE MASON CONTRACTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MSM, INC. EMPLOYEE WELFARE BENEFIT PLAN, MID-STATE MASON CONTRACTORS, INC.

MID-STATE MASON CONTRACTORS, INC.EIN 06-1179718Plan #001PY 2024

116 VANDERBILT AVE - WEST HARTFORD, CT 06110860-953-0044LinkedIn11-50 employeesconstruction

Prospect flagsLow returnsHigh feesLow participation

How to read this page

Total assets (EOY)

$4.7M

-0.4% from 2023

Total participants

+6.8% from 2023

Average account balance

$130,275

+21.7% from 2023

Annual return

7.81%

+0.26 pp from 2023

Benchmarks

See 54,965 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort54,965 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.69M

Not enough data

1 years with asset history on file

Average account balance

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

$130K

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.

189.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$293K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+7.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18985

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

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$683K

$35972 / participant

Other / not subdivided$683K100.0%

% of EOY assets

14.573%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$130,275

$111,814+16.5%

$103,374+26.0%

$145,959-10.7%

Participation rate

42.1%

77.9%-35.8pp

74.5%-32.4pp

80.3%-38.2pp

Annual return

7.81%

24.77%-17.0pp

24.89%-17.1pp

561.95%-554.1pp

Employer contribution / active EE

$11,197

$4,214+165.7%

$3,869+189.4%

$4,661+140.2%

Participant deferral / active EE

$4,238

$5,618-24.6%

$5,058-16.2%

$6,689-36.6%

Admin fee / account holder

$18,985

$9,754+94.6%

$8,394+126.2%

$13,398+41.7%

MSM, INC. EMPLOYEE WELFARE BENEFIT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MSM, INC. EMPLOYEE WELFARE BENEFIT 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