Retirement plan

M.B.B.ENTERPRISES OF CHICAGO, INC. 401(K) PROFIT SHARING PLAN

Name: M.B.B.ENTERPRISES OF CHICAGO, INC. - M.B.B.ENTERPRISES OF CHICAGO, INC. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: M.B.B.ENTERPRISES OF CHICAGO, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, M.B.B.ENTERPRISES OF CHICAGO, INC. 401(K) PROFIT SHARING PLAN, M.B.B.ENTERPRISES OF CHICAGO, INC.

M.B.B.ENTERPRISES OF CHICAGO, INC.EIN 36-3849403Plan #001PY 2022

3352 W. GRAND AVENUE - CHICAGO, IL 60651773-278-7100

Other plans on this EIN

1 filing

#002Retirement-$550K assets

Prospect flagsLow returnsLow fidelity bond

How to read this page

Total assets (EOY)

$543K

+3.8% from 2021

Total participants

0.0% from 2021

Average account balance

$77,641

+3.8% from 2021

Annual return

-20.98%

-37.34 pp from 2021

Benchmarks

See 48,278 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort48,278 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.09M

Not enough data

1 years with asset history on file

Average account balance

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

$156K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$104K

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

+19.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1274

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 codes2E2J2R2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$140

$20 / participant

Other / not subdivided$140100.0%

% of EOY assets

0.026%

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

$77,641

$133,981-42.1%

$112,249-30.8%

$134,532-42.3%

Participation rate

100.0%

78.6%+21.4pp

75.1%+24.9pp

81.2%+18.8pp

Annual return

-20.98%

47.16%-68.1pp

27.48%-48.5pp

418.27%-439.2pp

Employer contribution / active EE

$6,967

$4,040+72.5%

$3,636+91.6%

$4,741+47.0%

Participant deferral / active EE

$11,042

$5,292+108.7%

$4,729+133.5%

$6,401+72.5%

Admin fee / account holder

$20

$7,492-99.7%

$6,412-99.7%

$11,429-99.8%

M.B.B.ENTERPRISES OF CHICAGO, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

M.B.B.ENTERPRISES OF CHICAGO, INC. 401(K) 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