Retirement plan

MASON ELECTRIC, INC. EMPLOYEES 401(K) PLAN

Name: MASON ELECTRIC, INC. - MASON ELECTRIC, INC. EMPLOYEES 401(K) PLAN (2020) 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 2020

1611 WEST 350 NORTH - WEST POINT, UT 840158218801-644-5048

Prospect flagsHigh retiree %

How to read this page

Total assets (EOY)

$795K

+35.8% from 2019

Total participants

+8.3% from 2019

Average account balance

$66,277

+13.2% from 2019

Annual return

17.50%

-9.03 pp from 2019

Benchmarks

See 42,037 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort42,037 peers

Snapshot2020

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

InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

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

$66,277

$115,810-42.8%

$101,271-34.6%

$158,966-58.3%

Participation rate

88.9%

79.4%+9.5pp

75.8%+13.1pp

82.0%+6.9pp

Annual return

17.50%

56.15%-38.6pp

46.48%-29.0pp

302.95%-285.4pp

Employer contribution / active EE

$5,903

$4,175+41.4%

$3,660+61.3%

$4,762+23.9%

Participant deferral / active EE

$6,030

$4,958+21.6%

$4,371+38.0%

$5,983+0.8%

Admin fee / account holder

$7,248-100.0%

$5,948-100.0%

$11,250-100.0%

MASON ELECTRIC, INC. EMPLOYEES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

MASON ELECTRIC, INC. EMPLOYEES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion