Retirement plan

MASON ELECTRIC, INC. EMPLOYEES 401(K) PLAN

Name: MASON ELECTRIC, INC. - MASON ELECTRIC, INC. EMPLOYEES 401(K) PLAN (2024) Form 5500
Creator: MASON ELECTRIC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MASON ELECTRIC, INC. EMPLOYEES 401(K) PLAN, MASON ELECTRIC, INC.

MASON ELECTRIC, INC.EIN 20-3430327Plan #002PY 2024

3182 WEST 1500 NORTH - CLINTON, UT 84015801-644-5048

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.1M

+15.9% from 2023

Total participants

+6.3% from 2023

Average account balance

$74,426

+0.5% from 2023

Annual return

13.51%

-5.53 pp from 2023

Benchmarks

See 54,852 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort54,852 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.12M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

83.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$120K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+13.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6631

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 codes2E2J2R3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

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

$99K

$8288 / participant

Other / not subdivided$99K100.0%

% of EOY assets

8.909%

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

$74,426

$110,337-32.5%

$102,383-27.3%

$145,877-49.0%

Participation rate

83.3%

77.9%+5.4pp

74.5%+8.8pp

80.3%+3.0pp

Annual return

13.51%

24.83%-11.3pp

24.94%-11.4pp

551.28%-537.8pp

Employer contribution / active EE

$4,494

$4,216+6.6%

$3,870+16.1%

$4,663-3.6%

Participant deferral / active EE

$5,481

$5,621-2.5%

$5,060+8.3%

$6,691-18.1%

Admin fee / account holder

$6,631

$9,750-32.0%

$8,391-21.0%

$13,402-50.5%

MASON ELECTRIC, INC. EMPLOYEES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MASON ELECTRIC, INC. EMPLOYEES 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