Retirement plan

MB PRECISION COMPANY 401(K) PLAN

Name: MB PRECISION HOLDINGS, INC. - MB PRECISION COMPANY 401(K) PLAN (2021) 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 2021

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

Prospect flagsHigh feesLow participationLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$20.6M

+0.7% from 2020

Total participants

403

+14.8% from 2020

Average account balance

$104,972

+1.2% from 2020

Annual return

12.84%

+0.36 pp from 2020

Benchmarks

See 2,347 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,347 peers

Snapshot2021

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$20.12M

Not enough data

1 years with asset history on file

Average account balance

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

$103K

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.

195

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.

27.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.25M

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

+13.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$725

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 6 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290	Contract Administrator	$107,909
SBSF4 years Service code 13 · EIN 27-3232902	Contract Administrator	$47,038
ORENDA RETIREMENT, LLC4 years Service code 13 · EIN 36-4877979	Contract Administrator	$10,954
PAPILLON PRINTING, LLC1 year Filed as: PAPILLON PRINTING LLC Service code 13 · EIN 81-5183995	Contract Administrator	$5,240
WILSHIRE ASSOCIATES INCORPORATED4 years Filed as: WILSHIRE ASSOCIATES INC Service code 27 · EIN 95-2755361	Advisory (Plan)	$0
WILSHIRE ASSOCIATES INCORPORATED4 years Filed as: WILSHIRE ASSOCIATES INC. Service code 27	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

4 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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$125K

$350 / participant

Contract admin$110K88.2%
Other / not subdivided$15K11.8%

% of EOY assets

0.609%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: COOPER SAVAS, LLC
Auditor EIN: 275169784
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$104,972

$185,342-43.4%

$111,297-5.7%

$86,799+20.9%

Participation rate

42.2%

81.0%-38.8pp

77.3%-35.1pp

72.3%-30.1pp

Annual return

12.84%

500.80%-488.0pp

54.65%-41.8pp

97.91%-85.1pp

Employer contribution / active EE

$834

$2,246-62.9%

$2,731-69.5%

$2,405-65.3%

Participant deferral / active EE

$2,086

$4,458-53.2%

$4,487-53.5%

$4,131-49.5%

Admin fee / account holder

$639

$255+150.0%

$7,964-92.0%

$170+276.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY7+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$107,909

SBSF4 years

Service code 13 · EIN 27-3232902

Contract Administrator

$47,038

ORENDA RETIREMENT, LLC4 years

Service code 13 · EIN 36-4877979

Contract Administrator

$10,954

PAPILLON PRINTING, LLC1 year

Filed as: PAPILLON PRINTING LLC

Service code 13 · EIN 81-5183995

Contract Administrator

$5,240

WILSHIRE ASSOCIATES INCORPORATED4 years

Filed as: WILSHIRE ASSOCIATES INC

Service code 27 · EIN 95-2755361

Advisory (Plan)

WILSHIRE ASSOCIATES INCORPORATED4 years

Filed as: WILSHIRE ASSOCIATES INC.

Service code 27

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