Retirement plan

MONOLITH MATERIALS, INC. 401(K) PLAN

Name: MONOLITH MATERIALS, INC. - MONOLITH MATERIALS, INC. 401(K) PLAN (2024) Form 5500
Creator: MONOLITH MATERIALS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MONOLITH MATERIALS, INC. 401(K) PLAN, MONOLITH MATERIALS, INC.

MONOLITH MATERIALS, INC.EIN 46-0580927Plan #001PY 2024

600 P STREET, SUITE 310 - LINCOLN, NE 68508402-413-5763monolithtrailco.comLinkedIn1-10 employeesapparel & fashion

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$18.9M

+48.8% from 2023

Total participants

340

+8.6% from 2023

Average account balance

$56,371

+34.2% from 2023

Annual return

23.39%

-21.13 pp from 2023

Benchmarks

See 1,160 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,160 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.88M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

335

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.

98.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.37M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+23.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$31

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 4 by compensation

Provider	Service type	Compensation
SHERIDAN ROAD ADVISORS LLC2 years Filed as: HUB INVESTMENT ADVISORS, INC. Service code 99 · EIN 20-1113894	Other Fees	$33,953
ASCENSUS LLC4+ years Filed as: FUTUREPLAN BY ASCENSUS Service code 49 · EIN 82-3719843 P.O. BOX 55757 · BOSTON, MA 02205	Other Services	$13,177
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT ADVISORS Service code 26 · EIN 02-0488491	Advisory (Participants)	$4,347
MORNINGSTAR3 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381	Advisory (Participants)	$495

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$10K

$40 / participant

Contract admin$10K100.0%

% of EOY assets

0.055%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FRANKEL LLC
Auditor EIN: 470574775
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,371

$92,076-38.8%

$105,608-46.6%

$77,714-27.5%

Participation rate

98.1%

81.0%+17.0pp

75.3%+22.8pp

70.6%+27.5pp

Annual return

23.39%

17.84%+5.5pp

116.50%-93.1pp

31.26%-7.9pp

Employer contribution / active EE

$4,313

$3,370+28.0%

$3,167+36.2%

$2,727+58.2%

Participant deferral / active EE

$12,610

$5,390+134.0%

$5,010+151.7%

$4,649+171.2%

Admin fee / account holder

$31

$219-85.8%

$11,028-99.7%

$433-92.8%

Provider

Service type

Compensation

SHERIDAN ROAD ADVISORS LLC2 years

Filed as: HUB INVESTMENT ADVISORS, INC.

Service code 99 · EIN 20-1113894

Other Fees

$33,953

ASCENSUS LLC4+ years

Filed as: FUTUREPLAN BY ASCENSUS

Service code 49 · EIN 82-3719843

P.O. BOX 55757 · BOSTON, MA 02205

Other Services

$13,177

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT ADVISORS

Service code 26 · EIN 02-0488491

Advisory (Participants)

$4,347

MORNINGSTAR3 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-4317381

Advisory (Participants)

$495

MONOLITH MATERIALS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MONOLITH MATERIALS, INC. 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