Retirement plan

MNPHARM SBC 401K PLAN

Name: MNPHARM SBC - MNPHARM SBC 401K PLAN (2022) Form 5500
Creator: MNPHARM SBC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MNPHARM SBC 401K PLAN, MNPHARM SBC

MNPHARM SBCEIN 47-1872170Plan #001PY 2022

1793 BUERKLE CIRCLE - WHITE BEAR LAKE, MN 55110651-741-7747

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$21K

No prior year

Total participants

0.0% from 2021

Average account balance

$20,624

No prior year

Annual return

0.00%

0.00 pp from 2021

Benchmarks

See 8,666 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,666 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+3.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$74

$15 / participant

Other / not subdivided$74100.0%

% of EOY assets

0.359%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,624

$105,861-80.5%

$90,756-77.3%

$134,509-84.7%

Participation rate

20.0%

78.2%-58.2pp

75.7%-55.7pp

81.2%-61.2pp

Annual return

0.00%

-10.99%+11.0pp

-12.16%+12.2pp

418.13%-418.1pp

Employer contribution / active EE

$622

$3,463-82.0%

$2,922-78.7%

$4,741-86.9%

Participant deferral / active EE

$3,732

$5,217-28.5%

$4,565-18.2%

$6,400-41.7%

Admin fee / account holder

$74

$13,938-99.5%

$8,445-99.1%

$11,427-99.4%

MNPHARM SBC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MNPHARM SBC 401K 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