Retirement plan

MBC HOLDINGS OF OHIO, INC. 401(K) SAVINGS & RETIREMENT PLAN

Name: MBC HOLDINGS OF OHIO, INC. - MBC HOLDINGS OF OHIO, INC. 401(K) SAVINGS & RETIREMENT PLAN (2021) Form 5500
Creator: MBC HOLDINGS OF OHIO, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MBC HOLDINGS OF OHIO, INC. 401(K) SAVINGS & RETIREMENT PLAN, MBC HOLDINGS OF OHIO, INC.

MBC HOLDINGS OF OHIO, INC.EIN 34-4456871Plan #002PY 2021

1613 S. DEFIANCE ST. - ARCHBOLD, OH 43502419-445-1015mbcholdings.netLinkedIn1-10 employeesconstruction

Other plans on this EIN

1 filing

#003Retirement-$100K assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$21.1M

+15.9% from 2020

Total participants

189

+3.8% from 2020

Average account balance

$112,240

-11.2% from 2020

Annual return

11.43%

-11.50 pp from 2020

Benchmarks

See 2,980 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,980 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.54M

Not enough data

1 years with asset history on file

Average account balance

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

$122K

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.

193

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.

96.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.60M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+11.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$550

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
INDEPENDENT FINANCIAL GROUP LLC2 years Filed as: INDEPENDENT FINANCIAL GROUP Service code 22	Insurance Broker	$2,153
TRANSAMERICA RETIREMENT SOLUTIONS2 years Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 6400 C. STREET SW · CEDAR RAPIDS, IA 52499	Recordkeeping	$217
LPL FINANCIAL1 year Service code 22 · EIN 95-2834236 4707 EXECUTIVE DR. · SAN DIEGO, CA 921213091	Insurance Broker	$0

Plan features & details

Pension benefit codes2E2F2G2K2S2T3D3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$217

$2 / participant

Investment mgmt$217100.0%

% of EOY assets

0.001%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GILMORE JASION MAHLER, LTD
Auditor EIN: 341827159
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$112,240

$77,677+44.5%

$109,173+2.8%

$79,391+41.4%

Participation rate

99.3%

67.8%+31.5pp

75.9%+23.4pp

70.7%+28.6pp

Annual return

11.43%

23.44%-12.0pp

25.75%-14.3pp

116.88%-105.5pp

Employer contribution / active EE

$7,472

$2,798+167.0%

$3,723+100.7%

$2,428+207.8%

Participant deferral / active EE

$6,082

$3,517+72.9%

$4,654+30.7%

$4,046+50.3%

Admin fee / account holder

$732-99.8%

$6,755-100.0%

$627-99.8%

Provider

Service type

Compensation

INDEPENDENT FINANCIAL GROUP LLC2 years

Filed as: INDEPENDENT FINANCIAL GROUP

Service code 22

Insurance Broker

$2,153

TRANSAMERICA RETIREMENT SOLUTIONS2 years

Filed as: TRANSAMERICA LIFE INSURANCE COMPANY

Service code 15 · EIN 39-0989781

6400 C. STREET SW · CEDAR RAPIDS, IA 52499

Recordkeeping

$217

LPL FINANCIAL1 year

Service code 22 · EIN 95-2834236

4707 EXECUTIVE DR. · SAN DIEGO, CA 921213091

Insurance Broker

MBC HOLDINGS OF OHIO, INC. 401(K) SAVINGS & RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MBC HOLDINGS OF OHIO, INC. 401(K) SAVINGS & RETIREMENT 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