Retirement plan

MB PRECISION COMPANY 401(K) PLAN

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

MB PRECISION HOLDINGS, INC.EIN 46-4528601Plan #001PY 2024

360 BLOOMFIELD AVE, SUITE 301 - WINDSOR, CT 06095413-568-8676

Prospect flagsLow returnsHigh feesLow participationLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$18.3M

+2.5% from 2023

Total participants

612

+7.7% from 2023

Average account balance

$90,809

+5.1% from 2023

Annual return

10.87%

-4.83 pp from 2023

Benchmarks

See 2,379 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,379 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.25M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

201

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.

28.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.20M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+10.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$706

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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290	Contract Administrator	$100,072
ORENDA RETIREMENT, LLC7 years Service code 13 · EIN 36-4877979	Contract Administrator	$49,579
SBSF7 years Service code 13 · EIN 27-3232902	Contract Administrator	$33,413
AURORA PRIVATE WEALTH INC1 year Filed as: AURORA PRIVATE WEALTH INC. Service code 27	Advisory (Plan)	$22,207
ABG PORTFOLIO STRATEGIES, INC.1 year Filed as: ALERA INVESTMENT ADVISORS, LLC Service code 27	Advisory (Plan)	$13,361
ABG PORTFOLIO STRATEGIES, INC.1 year Filed as: ALERA INVESTMENTADVISORS Service code 27 · EIN 82-1301701	Advisory (Plan)	$0
AURORA PRIVATE WEALTH INC2 years Filed as: AURORA PRIVATE WEALTH Service code 27 · EIN 47-4814591	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H

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.
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.
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

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$142K

$246 / participant

Contract admin$142K100.0%

% of EOY assets

0.778%

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: TRAILBREAKER ACCOUNTING PLLC
Auditor EIN: 393265760
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$90,809

$89,123+1.9%

$102,460-11.4%

$77,762+16.8%

Participation rate

28.8%

80.9%-52.1pp

76.5%-47.7pp

70.6%-41.8pp

Annual return

10.87%

25.05%-14.2pp

29.47%-18.6pp

31.27%-20.4pp

Employer contribution / active EE

$599

$2,700-77.8%

$3,025-80.2%

$2,728-78.0%

Participant deferral / active EE

$1,486

$5,148-71.1%

$5,056-70.6%

$4,651-68.0%

Admin fee / account holder

$706

$236+199.5%

$9,460-92.5%

$433+63.2%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY10+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$100,072

ORENDA RETIREMENT, LLC7 years

Service code 13 · EIN 36-4877979

Contract Administrator

$49,579

SBSF7 years

Service code 13 · EIN 27-3232902

Contract Administrator

$33,413

AURORA PRIVATE WEALTH INC1 year

Filed as: AURORA PRIVATE WEALTH INC.

Service code 27

Advisory (Plan)

$22,207

ABG PORTFOLIO STRATEGIES, INC.1 year

Filed as: ALERA INVESTMENT ADVISORS, LLC

Service code 27

Advisory (Plan)

$13,361

ABG PORTFOLIO STRATEGIES, INC.1 year

Filed as: ALERA INVESTMENTADVISORS

Service code 27 · EIN 82-1301701

Advisory (Plan)

AURORA PRIVATE WEALTH INC2 years

Filed as: AURORA PRIVATE WEALTH

Service code 27 · EIN 47-4814591

Advisory (Plan)

MB PRECISION COMPANY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MB PRECISION COMPANY 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