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 (2023) 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 2023

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$18M

+13.7% from 2022

Total participants

105

-0.9% from 2022

Average account balance

$195,941

+17.4% from 2022

Annual return

15.43%

+20.72 pp from 2022

Benchmarks

See 3,175 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort3,175 peers

Snapshot2023

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

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 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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$795K

$11357 / participant

Other / not subdivided$795K100.0%

% of EOY assets

4.410%

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

$195,941

$68,398+186.5%

$94,664+107.0%

$75,173+160.7%

Participation rate

81.4%

76.1%+5.3pp

80.8%+0.6pp

67.2%+14.2pp

Annual return

15.43%

616.72%-601.3pp

156.84%-141.4pp

160.72%-145.3pp

Employer contribution / active EE

$1,441

$2,701-46.7%

$3,673-60.8%

$2,671-46.1%

Participant deferral / active EE

$5,184

$6,537-20.7%

$7,417-30.1%

$4,126+25.6%

Admin fee / account holder

$8,641

$5,324+62.3%

$7,222+19.7%

$5,651+52.9%

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