Retirement plan

THE MERCURY MACHINE COMPANY EMPLOYEE'S PROFIT SHARING PLAN

Name: THE MERCURY MACHINE COMPANY - THE MERCURY MACHINE COMPANY EMPLOYEE'S PROFIT SHARING PLAN (2024) Form 5500
Creator: THE MERCURY MACHINE COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE MERCURY MACHINE COMPANY EMPLOYEE'S PROFIT SHARING PLAN, THE MERCURY MACHINE COMPANY

THE MERCURY MACHINE COMPANYEIN 34-0818428Plan #001PY 2024

30250 CARTER STREET - SOLON, OH 44139440-349-3222mercurymachine.comLinkedIn51-200 employees

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$17M

+6.1% from 2023

Total participants

-5.6% from 2023

Average account balance

$279,312

+13.1% from 2023

Annual return

14.59%

-0.60 pp from 2023

Benchmarks

See 14,172 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,172 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.04M

Not enough data

1 years with asset history on file

Average account balance

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

$279K

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.

108.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$779K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+14.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$36046

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$2.2M

$39264 / participant

Other / not subdivided$2M100.0%

% of EOY assets

12.905%

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

$279,312

$86,919+221.3%

$102,457+172.6%

$80,911+245.2%

Participation rate

89.3%

72.4%+16.9pp

76.5%+12.8pp

67.6%+21.6pp

Annual return

14.59%

18.90%-4.3pp

29.41%-14.8pp

35.63%-21.0pp

Employer contribution / active EE

$13,905

$2,368+487.2%

$3,022+360.1%

$2,756+404.6%

Participant deferral / active EE

$4,119-100.0%

$5,054-100.0%

$4,297-100.0%

Admin fee / account holder

$36,046

$8,049+347.8%

$9,451+281.4%

$6,935+419.8%

THE MERCURY MACHINE COMPANY EMPLOYEE'S PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE MERCURY MACHINE COMPANY EMPLOYEE'S PROFIT SHARING 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