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 (2020) 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 2020

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

Other plans on this EIN

1 filing

#003Retirement-$18.4M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$6.7M

+13.8% from 2019

Total participants

+8.1% from 2019

Average account balance

$176,430

+10.8% from 2019

Annual return

11.90%

+0.52 pp from 2019

Benchmarks

See 7,209 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,209 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.66M

Not enough data

1 years with asset history on file

Average account balance

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

$189K

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.

113.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$520K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+14.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2039

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 codes2E2F2G2J2T3D3H

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

$270K

$7713 / participant

Other / not subdivided$270K100.0%

% of EOY assets

4.027%

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

$176,430

$123,793+42.5%

$177,827-0.8%

$79,858+120.9%

Participation rate

94.3%

84.7%+9.6pp

87.7%+6.6pp

69.6%+24.7pp

Annual return

11.90%

22.82%-10.9pp

48.32%-36.4pp

31.72%-19.8pp

Employer contribution / active EE

$2,592

$4,095-36.7%

$5,918-56.2%

$2,471+4.9%

Participant deferral / active EE

$8,295

$5,956+39.3%

$7,713+7.5%

$3,740+121.8%

Admin fee / account holder

$7,104

$7,243-1.9%

$12,429-42.8%

$5,306+33.9%

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