Retirement plan

MITTEN EDUCATIONAL MANAGEMENT, LLC 401(K) PLAN

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

MITTEN EDUCATIONAL MANAGEMENT, LLCEIN 47-3887359Plan #001PY 2022

809 SAGINAW ST. - BAY CITY, MI 48708989-293-6091LinkedIn1-10 employeese-learning

Prospect flagsLow returnsLow assets / participant

How to read this page

Total assets (EOY)

$789K

-7.9% from 2021

Total participants

+10.4% from 2021

Average account balance

$9,397

-16.7% from 2021

Annual return

-19.89%

-34.64 pp from 2021

Benchmarks

See 4,251 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort4,251 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.76M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

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.

130.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$246K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+19.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$274

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 returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$20K

$430 / participant

Other / not subdivided$20K100.0%

% of EOY assets

2.558%

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

$9,397

$42,909-78.1%

$60,906-84.6%

$68,486-86.3%

Participation rate

97.9%

66.8%+31.1pp

73.1%+24.8pp

67.9%+30.0pp

Annual return

-19.89%

-13.99%-5.9pp

16.94%-36.8pp

-7.85%-12.0pp

Employer contribution / active EE

$1,033

$1,979-47.8%

$2,703-61.8%

$2,597-60.2%

Participant deferral / active EE

$1,545

$2,866-46.1%

$3,814-59.5%

$4,028-61.6%

Admin fee / account holder

$240

$3,104-92.3%

$3,227-92.6%

$5,404-95.6%

MITTEN EDUCATIONAL MANAGEMENT, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MITTEN EDUCATIONAL MANAGEMENT, LLC 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