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 (2023) 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 2023

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

Other plans on this EIN

1 filing

#002Retirement-$331K assets

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$998K

+19.1% from 2022

Total participants

-23.5% from 2022

Average account balance

$83,133

+58.9% from 2022

Annual return

17.61%

+35.98 pp from 2022

Benchmarks

See 4,366 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort4,366 peers

Snapshot2023

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

OpportunityLow employer contribution
Employer 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.)

Expense breakdown

Schedule H Part II

Admin total

$24K

$2155 / participant

Other / not subdivided$24K100.0%

% of EOY assets

2.376%

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

$83,133

$95,580-13.0%

$76,872+8.1%

$139,466-40.4%

Participation rate

90.9%

74.0%+16.9pp

69.6%+21.3pp

80.3%+10.6pp

Annual return

17.61%

55.00%-37.4pp

37.90%-20.3pp

373.66%-356.1pp

Employer contribution / active EE

$3,145-100.0%

$2,533-100.0%

$4,754-100.0%

Participant deferral / active EE

$3,323

$4,623-28.1%

$3,832-13.3%

$6,712-50.5%

Admin fee / account holder

$1,975

$8,302-76.2%

$5,476-63.9%

$11,409-82.7%

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