Retirement plan

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

Name: MVE PARTNERS, INC. - MVE PARTNERS, INC. PROFIT SHARING 401(K) PLAN (2023) 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 2023

1900 MAIN STREET, SUITE 800 - IRVINE, CA 92614949-809-3388mve-architects.comLinkedIn51-200 employeesarchitecture & planning

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$11.5M

+24.4% from 2022

Total participants

101

-5.6% from 2022

Average account balance

$126,378

+28.5% from 2022

Annual return

21.19%

+39.47 pp from 2022

Benchmarks

See 28,708 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,708 peers

Snapshot2023

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

$490K

$7780 / participant

Other / not subdivided$490K100.0%

% of EOY assets

4.262%

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

$126,378

$93,598+35.0%

$135,974-7.1%

$75,173+68.1%

Participation rate

84.1%

75.2%+8.9pp

81.9%+2.2pp

67.2%+16.9pp

Annual return

21.19%

30.89%-9.7pp

68.30%-47.1pp

160.72%-139.5pp

Employer contribution / active EE

$1,555

$3,538-56.0%

$4,859-68.0%

$2,671-41.8%

Participant deferral / active EE

$10,982

$6,405+71.4%

$7,760+41.5%

$4,126+166.1%

Admin fee / account holder

$5,386

$6,978-22.8%

$10,767-50.0%

$5,651-4.7%

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