Retirement plan

MPR ASSOCIATES, INC. 401(K) AND PROFIT SHARING PLAN

Name: MPR ASSOCIATES, INC. - MPR ASSOCIATES, INC. 401(K) AND PROFIT SHARING PLAN (2023) Form 5500
Creator: MPR ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MPR ASSOCIATES, INC. 401(K) AND PROFIT SHARING PLAN, MPR ASSOCIATES, INC.

MPR ASSOCIATES, INC.EIN 52-0804505Plan #002PY 2023

320 KING STREET, SUITE 400 - ALEXANDRIA, VA 22314703-519-0200mpr.comLinkedIn201-500 employeesdesign

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$191.9M

+21.6% from 2022

Total participants

390

+4.0% from 2022

Average account balance

$503,578

+16.2% from 2022

Annual return

18.73%

+36.92 pp from 2022

Benchmarks

See 3,230 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,230 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$200.48M

Not enough data

1 years with asset history on file

Average account balance

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

$511K

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.

392

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.

98.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.71M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$32K

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

+13.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$37

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 3 by compensation

Provider	Service type	Compensation
LOCKTON INVESTMENT ADVISORS, LLC1 year Filed as: LOCKTON INVESTMENT ADVISORS LLC Service code 16 PO BOX 219153 · KANSAS CITY, MO 64187	Consulting	$45,000
T ROWE PRICE RPS INC9+ years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$37,174
GROSSBERG COMPANY, LLP5 years Filed as: GROSSBERG COMPANY LLP Service code 10 6500 ROCK SPRING DRIVE · BETHESDA, MD 20817	Accounting	$36,040

Plan features & details

Pension benefit codes2E2G2J2S2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$230K

$871 / participant

Recordkeeping$37K16.2%
Other / not subdivided$193K83.8%

% of EOY assets

0.120%

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: GROSSBERG COMPANY LLP
Auditor EIN: 520807134
Audit fees: $36,040
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$503,578

$95,438+427.6%

$135,982+270.3%

$74,473+576.2%

Participation rate

96.6%

78.2%+18.4pp

81.9%+14.7pp

70.7%+25.8pp

Annual return

18.73%

32.61%-13.9pp

68.32%-49.6pp

34.36%-15.6pp

Employer contribution / active EE

$19,682

$3,878+407.5%

$4,859+305.1%

$2,638+646.0%

Participant deferral / active EE

$13,387

$7,790+71.8%

$7,760+72.5%

$4,530+195.5%

Admin fee / account holder

$604

$259+133.2%

$10,767-94.4%

$347+73.9%

Provider

Service type

Compensation

LOCKTON INVESTMENT ADVISORS, LLC1 year

Filed as: LOCKTON INVESTMENT ADVISORS LLC

Service code 16

PO BOX 219153 · KANSAS CITY, MO 64187

Consulting

$45,000

T ROWE PRICE RPS INC9+ years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$37,174

GROSSBERG COMPANY, LLP5 years

Filed as: GROSSBERG COMPANY LLP

Service code 10

6500 ROCK SPRING DRIVE · BETHESDA, MD 20817

Accounting

$36,040

MPR ASSOCIATES, INC. 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MPR ASSOCIATES, INC. 401(K) AND PROFIT SHARING 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