Retirement plan

MAD MOBILE, INC. 401(K) PLAN

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

MAD MOBILE, INC.EIN 20-8789741Plan #001PY 2024

4050 W BOY SCOUT BLVD FL 10, SUITE 1000 - TAMPA, FL 33607813-400-1973madmobile.comLinkedIn501-1000 employeescomputer software

Prospect flagsHigh cashFailed to transmit contributions

How to read this page

Total assets (EOY)

$12.9M

+27.7% from 2022

Total participants

291

-2.7% from 2022

Average account balance

$47,698

+34.3% from 2022

Annual return

16.76%

+27.21 pp from 2022

Benchmarks

See 1,015 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort1,015 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.93M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

271

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.

91.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.46M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+16.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$200

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
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290	Contract Administrator	$54,262
S B H U LIFE AGENCY INC1 year Service code 49 · EIN 13-2896238	Other Services	$19,120
WILSHIRE ASSOCIATES INCORPORATED3 years Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3H

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.
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.
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

2 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$54K

$244 / participant

Contract admin$54K100.0%

% of EOY assets

0.420%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KRISTIN FERRINI, CPA, EA
Auditor EIN: 591687531
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,698

$79,003-39.6%

$100,398-52.5%

$74,400-35.9%

Participation rate

91.0%

79.5%+11.5pp

81.5%+9.5pp

67.2%+23.8pp

Annual return

16.76%

20.62%-3.9pp

49.32%-32.6pp

1367.51%-1350.8pp

Employer contribution / active EE

$4,798

$3,015+59.1%

$3,946+21.6%

$2,624+82.8%

Participant deferral / active EE

$6,292

$7,752-18.8%

$8,084-22.2%

$4,348+44.7%

Admin fee / account holder

$200

$1,331-85.0%

$7,893-97.5%

$1,944-89.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY4+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$54,262

S B H U LIFE AGENCY INC1 year

Service code 49 · EIN 13-2896238

Other Services

$19,120

WILSHIRE ASSOCIATES INCORPORATED3 years

Filed as: WILSHIRE ADVISORS LLC

Service code 27 · EIN 95-2755361

Advisory (Plan)

MAD MOBILE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAD MOBILE, INC. 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