Retirement plan

MAIN MANUFACTURING PRODUCTS, INC. PROFIT SHARING TRUST

Name: MAIN MANUFACTURING PRODUCTS, INC. - MAIN MANUFACTURING PRODUCTS, INC. PROFIT SHARING TRUST (2020) Form 5500
Creator: MAIN MANUFACTURING PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAIN MANUFACTURING PRODUCTS, INC. PROFIT SHARING TRUST, MAIN MANUFACTURING PRODUCTS, INC.

MAIN MANUFACTURING PRODUCTS, INC.EIN 38-1908222Plan #001PY 2020

3181 TRI PARK DRIVE - GRAND BLANC, MI 48439810-953-1380mainmanufacturing.comLinkedIn1-10 employeesalternative medicine

Prospect flagsHigh feesHigh assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$9.7M

-9.0% from 2019

Total participants

+5.9% from 2019

Average account balance

$605,126

-9.0% from 2019

Annual return

13.16%

-9.90 pp from 2019

Benchmarks

See 21,456 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,456 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.47M

Not enough data

1 years with asset history on file

Average account balance

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

$765K

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.

115.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$186K

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

+13.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$146805

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 codes2E2F2G2T3D

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.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$2.5M

$168739 / participant

Other / not subdivided$3M100.0%

% of EOY assets

26.142%

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

$605,126

$112,099+439.8%

$95,954+530.6%

$158,931+280.7%

Participation rate

86.7%

79.0%+7.7pp

77.1%+9.6pp

82.0%+4.7pp

Annual return

13.16%

171.12%-158.0pp

91.62%-78.5pp

302.86%-289.7pp

Employer contribution / active EE

$11,924

$3,198+272.8%

$2,541+369.2%

$4,761+150.4%

Participant deferral / active EE

$4,784-100.0%

$4,167-100.0%

$5,982-100.0%

Admin fee / account holder

$158,193

$10,132+1461.4%

$6,796+2227.8%

$11,247+1306.6%

MAIN MANUFACTURING PRODUCTS, INC. PROFIT SHARING TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAIN MANUFACTURING PRODUCTS, INC. PROFIT SHARING 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