Retirement plan

THE MINES PRESS, INC. 401(K) PLAN

Name: THE MINES PRESS, INC. - THE MINES PRESS, INC. 401(K) PLAN (2022) Form 5500
Creator: THE MINES PRESS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE MINES PRESS, INC. 401(K) PLAN, THE MINES PRESS, INC.

THE MINES PRESS, INC.EIN 13-5615119Plan #002PY 2022

231 CROTON AVENUE - CORTLANDT MANOR, NY 10567914-402-3215minespress.comLinkedIn51-200 employeesprinting

Other plans on this EIN

1 filing

#001Retirement-$3.0M assets

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$7.7M

-11.2% from 2021

Total participants

111

-4.3% from 2021

Average account balance

$103,971

-7.6% from 2021

Annual return

-15.31%

-26.49 pp from 2021

Benchmarks

See 3,132 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort3,132 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.16M

Not enough data

1 years with asset history on file

Average account balance

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

$135K

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.

77.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$496K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+10.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4566

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

Top 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290 711 HIGH STREET · DES MOINES, IA 50392	Contract Administrator	$27,469
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO CLEARING SVCS (WF ADVS) Service code 27	Advisory (Plan)	$19,455
PENSERV PLAN SERVICES, INC.1 year Filed as: PENSERV, INC Service code 49 · EIN 20-2872050	Other Services	$5,310
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO CLEARING SVC (WF ADVS)C Service code 27 · EIN 34-1542819 1 NORTH JEFFERSON AVENUE · ST LOUIS, MO 63105	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2A2E2F2G2K3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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 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.)

Expense breakdown

Schedule H Part II

Admin total

$34K

$348 / participant

Contract admin$28K84.3%
Other / not subdivided$5K15.7%

% of EOY assets

0.439%

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: PKF O'CONNOR DAVIES LLP
Auditor EIN: 271728945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$103,971

$59,116+75.9%

$86,438+20.3%

$68,486+51.8%

Participation rate

61.9%

75.2%-13.4pp

80.3%-18.5pp

67.9%-6.0pp

Annual return

-15.31%

-0.23%-15.1pp

4397.19%-4412.5pp

-7.85%-7.5pp

Employer contribution / active EE

$1,370

$2,519-45.6%

$3,769-63.7%

$2,597-47.3%

Participant deferral / active EE

$4,510

$5,902-23.6%

$6,952-35.1%

$4,028+12.0%

Admin fee / account holder

$456

$5,639-91.9%

$6,733-93.2%

$5,404-91.6%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

711 HIGH STREET · DES MOINES, IA 50392

Contract Administrator

$27,469

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO CLEARING SVCS (WF ADVS)

Service code 27

Advisory (Plan)

$19,455

PENSERV PLAN SERVICES, INC.1 year

Filed as: PENSERV, INC

Service code 49 · EIN 20-2872050

Other Services

$5,310

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO CLEARING SVC (WF ADVS)C

Service code 27 · EIN 34-1542819

1 NORTH JEFFERSON AVENUE · ST LOUIS, MO 63105

Advisory (Plan)

THE MINES PRESS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE MINES PRESS, 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