Retirement plan

MIDDLE DEPARTMENT INSPECTION AGENCY, INC. PENSION THRIFT PLAN FOR UNION EMPLOYEES

Name: MIDDLE DEPARTMENT INSPECTION AGENCY, INC. - MIDDLE DEPARTMENT INSPECTION AGENCY, INC. PENSION THRIFT PLAN FOR UNION EMPLOYEES (2024) Form 5500
Creator: MIDDLE DEPARTMENT INSPECTION AGENCY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIDDLE DEPARTMENT INSPECTION AGENCY, INC. PENSION THRIFT PLAN FOR UNION EMPLOYEES, MIDDLE DEPARTMENT INSPECTION AGENCY, INC.

MIDDLE DEPARTMENT INSPECTION AGENCY, INC.EIN 22-2036075Plan #002PY 2024

1337 WEST CHESTER PIKE - WEST CHESTER, PA 19380610-696-3900LinkedIn11-50 employees

Other plans on this EIN

1 filing

#003Retirement-$6.0M assets

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$5.2M

+13.7% from 2023

Total participants

-1.7% from 2023

Average account balance

$95,677

+22.1% from 2023

Annual return

18.15%

+24.38 pp from 2023

Benchmarks

See 28,860 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,860 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.74M

Not enough data

1 years with asset history on file

Average account balance

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

$82K

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.

156.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$153K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+5.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15177

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 codes2E2F2G2J2T3D

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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$351K

$9483 / participant

Other / not subdivided$351K100.0%

% of EOY assets

6.791%

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

$95,677

$102,385-6.6%

$147,080-34.9%

$80,935+18.2%

Participation rate

91.9%

75.9%+16.0pp

82.2%+9.7pp

67.7%+24.2pp

Annual return

18.15%

135.09%-116.9pp

420.17%-402.0pp

35.66%-17.5pp

Employer contribution / active EE

$3,717-100.0%

$4,933-100.0%

$2,757-100.0%

Participant deferral / active EE

$3,630

$6,651-45.4%

$8,066-55.0%

$4,299-15.6%

Admin fee / account holder

$6,498

$7,951-18.3%

$12,989-50.0%

$6,924-6.2%

MIDDLE DEPARTMENT INSPECTION AGENCY, INC. PENSION THRIFT PLAN FOR UNION EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIDDLE DEPARTMENT INSPECTION AGENCY, INC. PENSION THRIFT PLAN FOR UNION EMPLOYEES

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