Retirement plan

MELTON MACHINE & CONTROL COMPANY 401(K) PLAN

Name: MELTON MACHINE & CONTROL COMPANY - MELTON MACHINE & CONTROL COMPANY 401(K) PLAN (2023) Form 5500
Creator: MELTON MACHINE & CONTROL COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MELTON MACHINE & CONTROL COMPANY 401(K) PLAN, MELTON MACHINE & CONTROL COMPANY

MELTON MACHINE & CONTROL COMPANYEIN 43-0993570Plan #003PY 2023

901 MELTON DRIVE - WASHINGTON, MO 63090636-239-7765meltonmachine.comLinkedIn51-200 employeesautomotive

Other plans on this EIN

1 filing

#001Retirement-$57.2M assets

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$55.2M

+2.6% from 2022

Total participants

177

+6.6% from 2022

Average account balance

$328,517

-1.1% from 2022

Annual return

14.63%

+23.58 pp from 2022

Benchmarks

See 4,137 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,137 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$68.61M

Not enough data

1 years with asset history on file

Average account balance

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

$385K

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.

178

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.

97.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.91M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+29.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$13

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS2 years Filed as: CAPITAL GROUP RETIREMENT SERVICES Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$788

Plan features & details

Pension benefit codes2G2J2E3H2T2F3D

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$2K

$18 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.004%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RICK & SHANNAHAN CPAS
Auditor EIN: 431110862
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$328,517

$76,112+331.6%

$96,544+240.3%

$71,529+359.3%

Participation rate

92.2%

74.4%+17.8pp

76.0%+16.3pp

67.9%+24.3pp

Annual return

14.63%

22.80%-8.2pp

25.88%-11.2pp

28.97%-14.3pp

Employer contribution / active EE

$3,893

$2,248+73.2%

$2,966+31.3%

$2,590+50.3%

Participant deferral / active EE

$8,268

$4,217+96.1%

$4,851+70.4%

$4,291+92.7%

Admin fee / account holder

$13

$2,708-99.5%

$8,254-99.8%

$1,588-99.2%

Provider

Service type

Compensation

AMERICAN FUNDS2 years

Filed as: CAPITAL GROUP RETIREMENT SERVICES

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$788

MELTON MACHINE & CONTROL COMPANY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MELTON MACHINE & CONTROL COMPANY 401(K) 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