Retirement plan

MECHANICAL SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN

Name: MECHANICAL SOLUTIONS, INC. - MECHANICAL SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: MECHANICAL SOLUTIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MECHANICAL SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN, MECHANICAL SOLUTIONS, INC.

MECHANICAL SOLUTIONS, INC.EIN 20-2663253Plan #001PY 2016

105 E ELM ST, P. O. BOX 6017 - FARMINGTON, NM 87401505-327-1132LinkedIn1-10 employeesindustrial automation

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$1.2M

+9.5% from 2015

Total participants

+16.7% from 2015

Average account balance

$62,823

+3.8% from 2015

Annual return

10.75%

+18.32 pp from 2015

Benchmarks

See 2,108 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants<25

Cohort2,108 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$979K

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

42.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$61K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+8.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11017

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 codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$71K

$5101 / participant

Other / not subdivided$71K100.0%

% of EOY assets

5.983%

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

$62,823

$132,310-52.5%

$105,754-40.6%

$273,972-77.1%

Participation rate

85.7%

83.2%+2.5pp

78.9%+6.8pp

83.0%+2.7pp

Annual return

10.75%

10.08%+0.7pp

12.25%-1.5pp

41.46%-30.7pp

Employer contribution / active EE

$1,032

$4,867-78.8%

$4,079-74.7%

$4,869-78.8%

Participant deferral / active EE

$3,110

$6,233-50.1%

$5,326-41.6%

$5,287-41.2%

Admin fee / account holder

$3,759

$12,036-68.8%

$8,309-54.8%

$10,133-62.9%

MECHANICAL SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MECHANICAL SOLUTIONS, INC. 401(K) 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