Retirement plan

MECHANICAL RUBBER & TRANSMISSION, INC. EMPLOYEES' PROFIT SHARING/401(K) PLAN

Name: MECHANICAL RUBBER & TRANSMISSION, I - MECHANICAL RUBBER & TRANSMISSION, INC. EMPLOYEES' PROFIT SHARING/401(K) PLAN (2024) Form 5500
Creator: MECHANICAL RUBBER & TRANSMISSION, I
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MECHANICAL RUBBER & TRANSMISSION, INC. EMPLOYEES' PROFIT SHARING/401(K) PLAN, MECHANICAL RUBBER & TRANSMISSION, I

MECHANICAL RUBBER & TRANSMISSION, IEIN 38-1610870Plan #002PY 2024

3060 MADISON, S.E. - GRAND RAPIDS, MI 495481273616-247-7715LinkedIn1-10 employeesindividual & family services

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$793K

-56.0% from 2023

Total participants

-20.0% from 2023

Average account balance

$99,172

-44.9% from 2023

Annual return

3.06%

-3.16 pp from 2023

Benchmarks

See 23,012 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort23,012 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$138

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+3.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2G2J3D

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.
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

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

$1.1M

$226905 / participant

Other / not subdivided$1M100.0%

% of EOY assets

143.000%

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

$99,172

$117,829-15.8%

$102,423-3.2%

$145,877-32.0%

Participation rate

100.0%

78.6%+21.4pp

76.5%+23.5pp

80.3%+19.7pp

Annual return

3.06%

31.83%-28.8pp

29.42%-26.4pp

551.28%-548.2pp

Employer contribution / active EE

$3,879

$3,615+7.3%

$3,023+28.3%

$4,663-16.8%

Participant deferral / active EE

$8,897

$5,732+55.2%

$5,054+76.0%

$6,691+33.0%

Admin fee / account holder

$141,816

$13,335+963.5%

$9,455+1400.0%

$13,402+958.2%

MECHANICAL RUBBER & TRANSMISSION, INC. EMPLOYEES' PROFIT SHARING/401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MECHANICAL RUBBER & TRANSMISSION, INC. EMPLOYEES' PROFIT SHARING/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