Retirement plan

MIDDLE DEPT. INSPECTION AGENCY, INC. PENSION THRIFT PLAN FOR NON-UNION EMPLOYEES

Name: MIDDLE DEPARTMENT INSPECTION AGENCY INC. - MIDDLE DEPT. INSPECTION AGENCY, INC. PENSION THRIFT PLAN FOR NON-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 DEPT. INSPECTION AGENCY, INC. PENSION THRIFT PLAN FOR NON-UNION EMPLOYEES, MIDDLE DEPARTMENT INSPECTION AGENCY INC.

MIDDLE DEPARTMENT INSPECTION AGENCY INC.EIN 22-2036075Plan #003PY 2024

1337 WEST CHESTER PIKE, PO BOX 2654 - WEST CHESTER, PA 19380610-696-3900LinkedIn11-50 employees

Other plans on this EIN

1 filing

#002Retirement-$5.2M assets

Prospect flagsLow returnsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$6M

+12.1% from 2023

Total participants

+5.0% from 2023

Average account balance

$149,097

+6.5% from 2023

Annual return

11.04%

-2.18 pp from 2023

Benchmarks

See 28,844 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,844 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.96M

Not enough data

1 years with asset history on file

Average account balance

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

$149K

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.

129.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$141K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2492

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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$100K

$3215 / participant

Other / not subdivided$100K100.0%

% of EOY assets

1.671%

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

$149,097

$102,422+45.6%

$147,117+1.3%

$80,959+84.2%

Participation rate

93.5%

75.9%+17.7pp

82.2%+11.4pp

67.7%+25.9pp

Annual return

11.04%

135.16%-124.1pp

420.54%-409.5pp

35.67%-24.6pp

Employer contribution / active EE

$3,717-100.0%

$4,932-100.0%

$2,757-100.0%

Participant deferral / active EE

$4,559

$6,652-31.5%

$8,065-43.5%

$4,300+6.0%

Admin fee / account holder

$2,492

$7,953-68.7%

$12,993-80.8%

$6,925-64.0%

MIDDLE DEPT. INSPECTION AGENCY, INC. PENSION THRIFT PLAN FOR NON-UNION EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIDDLE DEPT. INSPECTION AGENCY, INC. PENSION THRIFT PLAN FOR NON-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