Retirement plan

MINMOR INDUSTRIES, LLC 401(K) PLAN

Name: MINMOR INDUSTRIES, LLC - MINMOR INDUSTRIES, LLC 401(K) PLAN (2022) Form 5500
Creator: MINMOR INDUSTRIES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MINMOR INDUSTRIES, LLC 401(K) PLAN, MINMOR INDUSTRIES, LLC

MINMOR INDUSTRIES, LLCEIN 20-2075274Plan #001PY 2022

6010 EARLE BROWN DRIVE - MINNEAPOLIS, MN 55430763-504-5400LinkedIn1-10 employeesconsumer goods

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$12.2M

-20.7% from 2021

Total participants

144

-21.7% from 2021

Average account balance

$93,551

-1.2% from 2021

Annual return

-15.18%

-22.46 pp from 2021

Benchmarks

See 5,555 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,555 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.70M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

139

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.

85.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$774K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$91

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 4 by compensation

Provider	Service type	Compensation
NORTH COMPASS FINANCIAL ADVISORS LL2 years Service code 99 · EIN 26-2771464	Other Fees	$52,723
REDPATH AND COMPANY5 years Service code 99 · EIN 20-2075274	Other Fees	$7,489
ADP BROKER-DEALER2 years Filed as: PENSION CONSULTANTS CO INC Service code 49 · EIN 39-1894140	Other Services	$6,897
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 64 · EIN 71-0294708	Recordkeeping Fees	$3,900

Plan features & details

Pension benefit codes2E2F2G2J2S2T3B3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$11K

$116 / participant

Other / not subdivided$11K100.0%

% of EOY assets

0.094%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: REDPATH AND COMPANY, LLC
Auditor EIN: 920370318
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$93,551

$73,019+28.1%

$90,766+3.1%

$68,490+36.6%

Participation rate

85.7%

70.8%+14.9pp

75.7%+10.0pp

67.9%+17.8pp

Annual return

-15.18%

-13.81%-1.4pp

-12.16%-3.0pp

-7.85%-7.3pp

Employer contribution / active EE

$2,193-100.0%

$2,922-100.0%

$2,597-100.0%

Participant deferral / active EE

$4,080

$3,626+12.5%

$4,565-10.6%

$4,028+1.3%

Admin fee / account holder

$88

$5,897-98.5%

$8,446-99.0%

$5,403-98.4%

Provider

Service type

Compensation

NORTH COMPASS FINANCIAL ADVISORS LL2 years

Service code 99 · EIN 26-2771464

Other Fees

$52,723

REDPATH AND COMPANY5 years

Service code 99 · EIN 20-2075274

Other Fees

$7,489

ADP BROKER-DEALER2 years

Filed as: PENSION CONSULTANTS CO INC

Service code 49 · EIN 39-1894140

Other Services

$6,897

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT INSURANCE AND ANNUI

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$3,900

MINMOR INDUSTRIES, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MINMOR INDUSTRIES, LLC 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