Retirement plan

MATERIAL CONTROL SYSTEMS, INC. 401(K) PLAN & TRUST

Name: MATERIAL CONTROL SYSTEMS, INC - MATERIAL CONTROL SYSTEMS, INC. 401(K) PLAN & TRUST (2024) Form 5500
Creator: MATERIAL CONTROL SYSTEMS, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MATERIAL CONTROL SYSTEMS, INC. 401(K) PLAN & TRUST, MATERIAL CONTROL SYSTEMS, INC

MATERIAL CONTROL SYSTEMS, INCEIN 36-3456948Plan #001PY 2024

211 N MAIN STREET - PORT BYRON, IL 61275309-523-3774matconusa.comLinkedIn11-50 employeespackaging and containers

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$3.5M

+18.1% from 2023

Total participants

291

+13.7% from 2023

Average account balance

$14,921

+20.7% from 2023

Annual return

13.42%

-1.08 pp from 2023

Benchmarks

See 4,103 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,103 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.49M

Not enough data

1 years with asset history on file

Average account balance

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

$15K

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.

234

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.

72.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$621K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$143

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
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$18,902
PENTEGRA SERVICES, INC.9 years Filed as: PENTEGRA RETIREMENT SERVICES, INC. Service code 13 · EIN 13-3745616 701 WESTCHESTER AVE. · WHITE PLAINS, NY 106043805	Contract Administrator	$14,139
QUAD CITY INVESTMENT ADVISORS1 year Service code 27 5405 UTICA RIDGE ROAD · DAVENPORT, IA 52807	Advisory (Plan)	$7,269

Plan features & details

Pension benefit codes2E2F2G2J2K3H

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.
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.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$34K

$164 / participant

Contract admin$34K100.0%

% of EOY assets

0.960%

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: SWEENEY CONRAD PS
Auditor EIN: 911301672
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,921

$79,181-81.2%

$102,423-85.4%

$74,429-80.0%

Participation rate

72.1%

74.8%-2.7pp

76.5%-4.4pp

67.2%+4.8pp

Annual return

13.42%

54.97%-41.5pp

29.42%-16.0pp

1368.38%-1355.0pp

Employer contribution / active EE

$1,008

$2,362-57.3%

$3,023-66.7%

$2,625-61.6%

Participant deferral / active EE

$2,036

$4,416-53.9%

$5,054-59.7%

$4,348-53.2%

Admin fee / account holder

$143

$2,002-92.8%

$9,455-98.5%

$1,944-92.6%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$18,902

PENTEGRA SERVICES, INC.9 years

Filed as: PENTEGRA RETIREMENT SERVICES, INC.

Service code 13 · EIN 13-3745616

701 WESTCHESTER AVE. · WHITE PLAINS, NY 106043805

Contract Administrator

$14,139

QUAD CITY INVESTMENT ADVISORS1 year

Service code 27

5405 UTICA RIDGE ROAD · DAVENPORT, IA 52807

Advisory (Plan)

$7,269

MATERIAL CONTROL SYSTEMS, INC. 401(K) PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MATERIAL CONTROL SYSTEMS, INC. 401(K) PLAN & TRUST

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