Retirement plan

MEDALLION INSTRUMENTATION SYSTEMS, LLC EMPLOYEE 401(K) SAVINGS PLAN

Name: MEDALLION INSTRUMENTATION SYSTEMS, LLC - MEDALLION INSTRUMENTATION SYSTEMS, LLC EMPLOYEE 401(K) SAVINGS PLAN (2024) Form 5500
Creator: MEDALLION INSTRUMENTATION SYSTEMS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEDALLION INSTRUMENTATION SYSTEMS, LLC EMPLOYEE 401(K) SAVINGS PLAN, MEDALLION INSTRUMENTATION SYSTEMS, LLC

MEDALLION INSTRUMENTATION SYSTEMS, LLCEIN 43-2029057Plan #001PY 2024

17150 HICKORY STREET - SPRING LAKE, MI 49456616-850-8093medallionis.comLinkedIn51-200 employeeselectrical/electronic manufacturing

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$17.6M

+3.9% from 2023

Total participants

174

-7.4% from 2023

Average account balance

$101,128

+12.3% from 2023

Annual return

12.54%

-2.59 pp from 2023

Benchmarks

See 4,101 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,101 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.60M

Not enough data

1 years with asset history on file

Average account balance

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

$101K

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.

174

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$872K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$454

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 3 by compensation

Provider	Service type	Compensation
GREGORY J SCHWARTZ & COMPANY INC10+ years Filed as: GREGORY J. SCHWARTZ, CO. Service code 27 3707 WEST MAPLE ROAD · BLOOMFIELD HILLS, MI 48301	Advisory (Plan)	$49,623
NEWPORT GROUP, INC.9 years Service code 13 · EIN 27-2037969	Contract Administrator	$24,190
NEWPORT GROUP, INC.1 year Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131	Bank Trustee	$5,264

Plan features & details

Pension benefit codes2E2F2G2J2T3D3F

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

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

$79K

$577 / participant

Recordkeeping$9K11.1%
Trustee / custodial$5K6.7%
Investment mgmt$50K62.8%
Contract admin$15K19.5%

% of EOY assets

0.449%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: UHY LLP
Auditor EIN: 200694403
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$101,128

$79,209+27.7%

$102,434-1.3%

$74,459+35.8%

Participation rate

100.0%

74.8%+25.2pp

76.5%+23.5pp

67.2%+32.8pp

Annual return

12.54%

54.98%-42.4pp

29.46%-16.9pp

1369.70%-1357.2pp

Employer contribution / active EE

$2,031

$2,362-14.0%

$3,023-32.8%

$2,626-22.6%

Participant deferral / active EE

$4,337

$4,417-1.8%

$5,055-14.2%

$4,350-0.3%

Admin fee / account holder

$454

$2,002-77.3%

$9,462-95.2%

$1,945-76.6%

Provider

Service type

Compensation

GREGORY J SCHWARTZ & COMPANY INC10+ years

Filed as: GREGORY J. SCHWARTZ, CO.

Service code 27

3707 WEST MAPLE ROAD · BLOOMFIELD HILLS, MI 48301

Advisory (Plan)

$49,623

NEWPORT GROUP, INC.9 years

Service code 13 · EIN 27-2037969

Contract Administrator

$24,190

NEWPORT GROUP, INC.1 year

Filed as: NEWPORT TRUST COMPANY

Service code 21 · EIN 27-4411131

Bank Trustee

$5,264

MEDALLION INSTRUMENTATION SYSTEMS, LLC EMPLOYEE 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEDALLION INSTRUMENTATION SYSTEMS, LLC EMPLOYEE 401(K) SAVINGS 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