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 (2022) 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 2022

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

Other plans on this EIN

1 filing

#002Retirement-$298K assets

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$837K

-15.3% from 2021

Total participants

0.0% from 2021

Average account balance

$52,331

-15.3% from 2021

Annual return

-18.37%

-30.18 pp from 2021

Benchmarks

See 4,135 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort4,135 peers

Snapshot2022

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$22K

$1812 / participant

Other / not subdivided$22K100.0%

% of EOY assets

2.598%

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

$52,331

$88,603-40.9%

$69,890-25.1%

$134,545-61.1%

Participation rate

91.7%

74.9%+16.7pp

70.5%+21.2pp

81.2%+10.4pp

Annual return

-18.37%

442.93%-461.3pp

190.84%-209.2pp

418.37%-436.7pp

Employer contribution / active EE

$1,043

$3,236-67.8%

$2,560-59.3%

$4,742-78.0%

Participant deferral / active EE

$3,309

$4,771-30.6%

$3,848-14.0%

$6,401-48.3%

Admin fee / account holder

$1,359

$10,443-87.0%

$6,267-78.3%

$11,431-88.1%

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