Retirement plan

MAINSPRING ENERGY, INC. 401K PLAN

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

MAINSPRING ENERGY, INC.EIN 27-2430529Plan #001PY 2024

3601 HAVEN AVENUE - MENLO PARK, CA 94025408-373-7603mainspringenergy.comLinkedIn201-500 employeesrenewables & environment

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$23M

+49.5% from 2023

Total participants

543

+22.6% from 2023

Average account balance

$67,768

+23.2% from 2023

Annual return

30.37%

-0.30 pp from 2023

Benchmarks

See 2,381 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,381 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.04M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

340

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.

57.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.19M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+30.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$141

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
PENSIONMARK FINANCIAL GROUP LLC5 years Filed as: PENSIONMARK FINANCIAL GROUP, LLC Service code 15 · EIN 61-1758632	Recordkeeping	$45,374
ADP BROKER-DEALER5 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$2,723
ADP BROKER-DEALER5 years Service code 59 · EIN 22-3319984	Shareholder Servicing	$0

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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$48K

$101 / participant

Recordkeeping$3K5.7%
Investment mgmt$45K94.3%

% of EOY assets

0.209%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WEAVER & TIDWELL LLP
Auditor EIN: 750786313
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,768

$89,067-23.9%

$102,423-33.8%

$77,714-12.8%

Participation rate

57.3%

80.9%-23.7pp

76.5%-19.2pp

70.6%-13.3pp

Annual return

30.37%

25.01%+5.4pp

29.42%+1.0pp

31.26%-0.9pp

Employer contribution / active EE

$2,699-100.0%

$3,023-100.0%

$2,727-100.0%

Participant deferral / active EE

$8,821

$5,147+71.4%

$5,054+74.5%

$4,649+89.7%

Admin fee / account holder

$141

$236-40.0%

$9,455-98.5%

$433-67.3%

Provider

Service type

Compensation

PENSIONMARK FINANCIAL GROUP LLC5 years

Filed as: PENSIONMARK FINANCIAL GROUP, LLC

Service code 15 · EIN 61-1758632

Recordkeeping

$45,374

ADP BROKER-DEALER5 years

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$2,723

ADP BROKER-DEALER5 years

Service code 59 · EIN 22-3319984

Shareholder Servicing

MAINSPRING ENERGY, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAINSPRING ENERGY, INC. 401K 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