Retirement plan

MANUFACTURING RESOURCES INTERNATIONAL 401K PROFIT SHARING PLAN

Name: MANUFACTURING RESOURCES INTERNATIONAL - MANUFACTURING RESOURCES INTERNATIONAL 401K PROFIT SHARING PLAN (2024) Form 5500
Creator: MANUFACTURING RESOURCES INTERNATIONAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MANUFACTURING RESOURCES INTERNATIONAL 401K PROFIT SHARING PLAN, MANUFACTURING RESOURCES INTERNATIONAL

MANUFACTURING RESOURCES INTERNATIONALEIN 20-2163118Plan #001PY 2024

6415 SHILOH ROAD EAST - ALPHARETTA, GA 300058361770-255-7138mri-inc.netLinkedIn51-200 employeeselectrical/electronic manufacturing

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$24M

+15.0% from 2023

Total participants

222

-21.8% from 2023

Average account balance

$108,142

+47.1% from 2023

Annual return

14.27%

-2.90 pp from 2023

Benchmarks

See 1,845 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,845 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.01M

Not enough data

1 years with asset history on file

Average account balance

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

$108K

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.

222

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.29M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+14.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$337

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 3 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS3+ years Service code 12 · EIN 13-3689044	Participant loan processing; Particip...	$49,900
PENSIONMARK FINANCIAL GROUP LLC3+ years Filed as: PENSIONMARK FINANCIAL GROUP, LLC Service code 16 · EIN 61-1758632	Consulting	$25,000
NATIONAL FINANCIAL SERVICES3+ years Service code 33 · EIN 04-3523567	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2E2F2G2J2S2T3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

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

$75K

$493 / participant

Recordkeeping$50K66.6%
Investment mgmt$25K33.4%

% of EOY assets

0.312%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HLB GROSS COLLINS P.C.
Auditor EIN: 581367012
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$108,142

$78,636+37.5%

$105,607+2.4%

$74,459+45.2%

Participation rate

100.0%

72.8%+27.2pp

75.3%+24.7pp

67.2%+32.8pp

Annual return

14.27%

15.96%-1.7pp

116.11%-101.8pp

1369.70%-1355.4pp

Employer contribution / active EE

$2,304

$2,523-8.7%

$3,167-27.2%

$2,626-12.3%

Participant deferral / active EE

$6,201

$4,322+43.5%

$5,011+23.7%

$4,350+42.6%

Admin fee / account holder

$337

$2,220-84.8%

$10,958-96.9%

$1,945-82.7%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS3+ years

Service code 12 · EIN 13-3689044

Participant loan processing; Particip...

$49,900

PENSIONMARK FINANCIAL GROUP LLC3+ years

Filed as: PENSIONMARK FINANCIAL GROUP, LLC

Service code 16 · EIN 61-1758632

Consulting

$25,000

NATIONAL FINANCIAL SERVICES3+ years

Service code 33 · EIN 04-3523567

Securities brokerage commissions and ...

MANUFACTURING RESOURCES INTERNATIONAL 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MANUFACTURING RESOURCES INTERNATIONAL 401K PROFIT SHARING 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