Retirement plan

MINIAT HOLDINGS LLC EMPLOYEES' PROFIT SHARING PLAN AND TRUST

Name: MINIAT HOLDINGS LLC - MINIAT HOLDINGS LLC EMPLOYEES' PROFIT SHARING PLAN AND TRUST (2023) Form 5500
Creator: MINIAT HOLDINGS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MINIAT HOLDINGS LLC EMPLOYEES' PROFIT SHARING PLAN AND TRUST, MINIAT HOLDINGS LLC

MINIAT HOLDINGS LLCEIN 46-3958921Plan #003PY 2023

16250 S. VINCENNES AVE. - SOUTH HOLLAND, IL 60473708-589-2400miniatholdings.comLinkedIn501-1000 employeesfood production

Other plans on this EIN

1 filing

#001Retirement-$530K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$45.9M

+2.8% from 2022

Total participants

256

+0.4% from 2022

Average account balance

$183,573

+3.6% from 2022

Annual return

17.33%

+34.43 pp from 2022

Benchmarks

See 939 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort939 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$47.53M

Not enough data

1 years with asset history on file

Average account balance

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

$208K

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.

228

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.

95.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.29M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+15.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$373

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 2 by compensation

Provider	Service type	Compensation
WOODBURY FINANCIAL SERVICES1 year Filed as: WOODBURY FINANCIAL Service code 27 · EIN 41-0944586	Advisory (Plan)	$84,800
THE VANGUARD GROUP, INC.6+ years Service code 15 · EIN 23-1945930	Recordkeeping	$51,294

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.

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

$135K

$687 / participant

Other / not subdivided$135K100.0%

% of EOY assets

0.295%

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: CASSELL PLAN AUDITS
Auditor EIN: 462966358
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$183,573

$56,423+225.4%

$77,183+137.8%

$71,495+156.8%

Participation rate

97.0%

64.3%+32.6pp

69.6%+27.4pp

67.9%+29.0pp

Annual return

17.33%

19.05%-1.7pp

37.89%-20.6pp

28.85%-11.5pp

Employer contribution / active EE

$1,617

$1,866-13.4%

$2,534-36.2%

$2,589-37.6%

Participant deferral / active EE

$6,152

$3,142+95.8%

$3,833+60.5%

$4,291+43.4%

Admin fee / account holder

$541

$1,429-62.1%

$5,475-90.1%

$1,588-65.9%

Provider

Service type

Compensation

WOODBURY FINANCIAL SERVICES1 year

Filed as: WOODBURY FINANCIAL

Service code 27 · EIN 41-0944586

Advisory (Plan)

$84,800

THE VANGUARD GROUP, INC.6+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$51,294

MINIAT HOLDINGS LLC EMPLOYEES' PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MINIAT HOLDINGS LLC EMPLOYEES' 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