Retirement plan

MAIN MANUFACTURING PRODUCTS, INC. PROFIT SHARING TRUST

Name: MAIN MANUFACTURING PRODUCTS, INC. - MAIN MANUFACTURING PRODUCTS, INC. PROFIT SHARING TRUST (2023) 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 2023

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

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$10.4M

+16.9% from 2022

Total participants

+14.3% from 2022

Average account balance

$866,536

+36.3% from 2022

Annual return

17.60%

+35.16 pp from 2022

Benchmarks

See 22,665 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,665 peers

Snapshot2023

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 codes2E2F2G2T3D3B

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$234K

$16704 / participant

Other / not subdivided$234K100.0%

% of EOY assets

2.249%

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

$866,536

$110,286+685.7%

$96,569+797.3%

$139,427+521.5%

Participation rate

71.4%

78.1%-6.7pp

76.0%-4.5pp

80.3%-8.9pp

Annual return

17.60%

26.39%-8.8pp

25.87%-8.3pp

373.27%-355.7pp

Employer contribution / active EE

$11,980

$3,619+231.0%

$2,965+304.0%

$4,752+152.1%

Participant deferral / active EE

$5,546-100.0%

$4,851-100.0%

$6,711-100.0%

Admin fee / account holder

$19,487

$11,592+68.1%

$8,251+136.2%

$11,404+70.9%

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