Retirement plan

MECHANICAL BREAKDOWN PROTECTION, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: MECHANICAL BREAKDOWN PROTECTION, INC. - MECHANICAL BREAKDOWN PROTECTION, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: MECHANICAL BREAKDOWN PROTECTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MECHANICAL BREAKDOWN PROTECTION, INC. 401(K) PROFIT SHARING PLAN AND TRUST, MECHANICAL BREAKDOWN PROTECTION, INC.

MECHANICAL BREAKDOWN PROTECTION, INC.EIN 43-1265395Plan #002PY 2024

250 NE MULBERRY - LEES SUMMIT, MO 64086816-347-0900

Other plans on this EIN

1 filing

#003Retirement-$18.9M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.1M

-2.5% from 2023

Total participants

-4.1% from 2023

Average account balance

$175,796

+3.8% from 2023

Annual return

24.44%

+19.01 pp from 2023

Benchmarks

See 7,155 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,155 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.09M

Not enough data

1 years with asset history on file

Average account balance

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

$176K

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.

109.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$592K

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

+24.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$61594

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 codes2T2E2J3H2F2G3D

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

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

$2.8M

$67460 / participant

Other / not subdivided$3M100.0%

% of EOY assets

35.037%

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

$175,796

$138,386+27.0%

$184,260-4.6%

$80,935+117.2%

Participation rate

97.6%

83.9%+13.7pp

86.8%+10.8pp

67.7%+30.0pp

Annual return

24.44%

20.02%+4.4pp

28.84%-4.4pp

35.66%-11.2pp

Employer contribution / active EE

$6,957

$4,851+43.4%

$6,427+8.2%

$2,757+152.4%

Participant deferral / active EE

$7,150

$7,076+1.1%

$9,133-21.7%

$4,299+66.3%

Admin fee / account holder

$61,594

$10,489+487.2%

$13,898+343.2%

$6,924+789.5%

MECHANICAL BREAKDOWN PROTECTION, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MECHANICAL BREAKDOWN PROTECTION, INC. 401(K) PROFIT SHARING PLAN AND 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