Retirement plan

MEISTER MEDIA WORLDWIDE PROFIT SHARING AND 401(K) PLAN

Name: MEISTER MEDIA WORLDWIDE, INC. - MEISTER MEDIA WORLDWIDE PROFIT SHARING AND 401(K) PLAN (2022) Form 5500
Creator: MEISTER MEDIA WORLDWIDE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEISTER MEDIA WORLDWIDE PROFIT SHARING AND 401(K) PLAN, MEISTER MEDIA WORLDWIDE, INC.

MEISTER MEDIA WORLDWIDE, INC.EIN 34-0065290Plan #001PY 2022

37733 EUCLID AVENUE - WILLOUGHBY, OH 44094440-942-2000meistermedia.comLinkedIn51-200 employeespublishing

Other plans on this EIN

1 filing

#002Retirement--

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$15.9M

-11.2% from 2021

Total participants

106

+2.9% from 2021

Average account balance

$166,944

-12.1% from 2021

Annual return

-5.29%

-20.16 pp from 2021

Benchmarks

See 3,132 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort3,132 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.92M

Not enough data

1 years with asset history on file

Average account balance

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

$204K

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.

85.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$499K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$36166

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

Top 2 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL8+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$29,249
GLOBAL RETIREMENT PARTNERS LLC5 years Service code 27 · EIN 47-1411118	Advisory (Plan)	$26,550

Plan features & details

Pension benefit codes2E2F2G2J2T3H3D2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

$56K

$821 / participant

Other / not subdivided$56K100.0%

% of EOY assets

0.352%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MALONEY & NOVOTNY LLC
Auditor EIN: 340677006
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$166,944

$59,116+182.4%

$86,438+93.1%

$68,486+143.8%

Participation rate

83.8%

75.2%+8.6pp

80.3%+3.5pp

67.9%+15.9pp

Annual return

-5.29%

-0.23%-5.1pp

4397.19%-4402.5pp

-7.85%+2.6pp

Employer contribution / active EE

$682

$2,519-72.9%

$3,769-81.9%

$2,597-73.7%

Participant deferral / active EE

$5,779

$5,902-2.1%

$6,952-16.9%

$4,028+43.5%

Admin fee / account holder

$587

$5,639-89.6%

$6,733-91.3%

$5,404-89.1%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL8+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$29,249

GLOBAL RETIREMENT PARTNERS LLC5 years

Service code 27 · EIN 47-1411118

Advisory (Plan)

$26,550

MEISTER MEDIA WORLDWIDE PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEISTER MEDIA WORLDWIDE PROFIT SHARING AND 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