Retirement plan

MEDNIK WIPING MATERIALS COMPANY 401(K) PROFIT SHARING RETIREMENT PLAN

Name: MEDNIK WIPING MATERIALS COMPANY - MEDNIK WIPING MATERIALS COMPANY 401(K) PROFIT SHARING RETIREMENT PLAN (2021) Form 5500
Creator: MEDNIK WIPING MATERIALS COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEDNIK WIPING MATERIALS COMPANY 401(K) PROFIT SHARING RETIREMENT PLAN, MEDNIK WIPING MATERIALS COMPANY

MEDNIK WIPING MATERIALS COMPANYEIN 43-0403630Plan #001PY 2021

6740 ROMISS COURT - ST LOUIS, MO 63134314-524-2200LinkedIn1-10 employeestextiles

Other plans on this EIN

1 filing

#002Retirement-$334K assets

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$988K

+20.2% from 2020

Total participants

+21.4% from 2020

Average account balance

$61,776

-2.4% from 2020

Annual return

11.81%

+1.26 pp from 2020

Benchmarks

See 3,802 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort3,802 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.05M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

108.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$34K

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

+10.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6345

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 codes2E2F2G2J3D2T

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.
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

1 tripped

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

$40

$3 / participant

Other / not subdivided$40100.0%

% of EOY assets

0.004%

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

$61,776

$110,801-44.2%

$86,615-28.7%

$167,536-63.1%

Participation rate

92.3%

75.8%+16.5pp

71.6%+20.7pp

82.1%+10.2pp

Annual return

11.81%

116.96%-105.2pp

63.51%-51.7pp

478.82%-467.0pp

Employer contribution / active EE

$2,830

$3,245-12.8%

$2,496+13.4%

$4,839-41.5%

Participant deferral / active EE

$2,453

$4,547-46.1%

$3,699-33.7%

$6,342-61.3%

Admin fee / account holder

$8,417-100.0%

$5,830-100.0%

$12,315-100.0%

MEDNIK WIPING MATERIALS COMPANY 401(K) PROFIT SHARING RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEDNIK WIPING MATERIALS COMPANY 401(K) PROFIT SHARING RETIREMENT 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