Retirement plan

MITAS ELECTRONICS INVESTMENTS, INC. PENSION TRANSFER TRUST PLAN

Name: MITAS ELECTRONICS INVESTMENTS, INC. - MITAS ELECTRONICS INVESTMENTS, INC. PENSION TRANSFER TRUST PLAN (2024) Form 5500
Creator: MITAS ELECTRONICS INVESTMENTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MITAS ELECTRONICS INVESTMENTS, INC. PENSION TRANSFER TRUST PLAN, MITAS ELECTRONICS INVESTMENTS, INC.

MITAS ELECTRONICS INVESTMENTS, INC.EIN 27-1147226Plan #001PY 2024

2600 E. OLD SETTLERS BLVD. - ROUND ROCK, TX 786652466512-635-7302

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$387K

+126.1% from 2023

Total participants

-15.4% from 2023

Average account balance

$38,674

+193.9% from 2023

Annual return

160.26%

+183.77 pp from 2023

Benchmarks

See 23,033 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort23,033 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$387K

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

87.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$15K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+160.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7371

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 codes2E2F2G2T3H

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.
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.
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 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

$74K

$9213 / participant

Other / not subdivided$74K100.0%

% of EOY assets

19.058%

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

$38,674

$117,904-67.2%

$102,457-62.3%

$145,978-73.5%

Participation rate

87.5%

78.6%+8.9pp

76.5%+11.0pp

80.3%+7.2pp

Annual return

160.26%

31.80%+128.5pp

29.41%+130.9pp

550.52%-390.3pp

Employer contribution / active EE

$1,875

$3,613-48.1%

$3,022-38.0%

$4,662-59.8%

Participant deferral / active EE

$5,733-100.0%

$5,054-100.0%

$6,690-100.0%

Admin fee / account holder

$7,371

$13,329-44.7%

$9,451-22.0%

$13,400-45.0%

MITAS ELECTRONICS INVESTMENTS, INC. PENSION TRANSFER TRUST PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MITAS ELECTRONICS INVESTMENTS, INC. PENSION TRANSFER TRUST 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