Retirement plan

MVE PARTNERS, INC. PROFIT SHARING 401(K) PLAN

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

MVE PARTNERS, INC.EIN 33-0886582Plan #002PY 2024

1900 MAIN STREET, SUITE 800 - IRVINE, CA 92614949-809-3327mve-architects.comLinkedIn51-200 employeesarchitecture & planning

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$13M

+13.5% from 2023

Total participants

109

+7.9% from 2023

Average account balance

$143,386

+13.5% from 2023

Annual return

15.06%

-6.13 pp from 2023

Benchmarks

See 28,910 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,910 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.05M

Not enough data

1 years with asset history on file

Average account balance

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

$143K

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.

128.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$788K

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

+15.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10710

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 codes2E2F2G2J2T3D3H

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$975K

$13727 / participant

Other / not subdivided$975K100.0%

% of EOY assets

7.469%

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

$143,386

$102,382+40.0%

$147,005-2.5%

$80,874+77.3%

Participation rate

74.6%

75.8%-1.2pp

82.2%-7.5pp

67.6%+7.0pp

Annual return

15.06%

134.89%-119.8pp

418.76%-403.7pp

35.62%-20.6pp

Employer contribution / active EE

$1,408

$3,715-62.1%

$4,934-71.5%

$2,756-48.9%

Participant deferral / active EE

$9,685

$6,646+45.7%

$8,070+20.0%

$4,297+125.4%

Admin fee / account holder

$10,710

$7,942+34.8%

$13,006-17.7%

$6,935+54.4%

MVE PARTNERS, INC. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MVE PARTNERS, INC. PROFIT SHARING 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