Retirement plan

MEADOWBROOK MACHINE & TOOL 401(K) PLAN

Name: MEADOWBROOK MACHINE & TOOL - MEADOWBROOK MACHINE & TOOL 401(K) PLAN (2021) Form 5500
Creator: MEADOWBROOK MACHINE & TOOL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEADOWBROOK MACHINE & TOOL 401(K) PLAN, MEADOWBROOK MACHINE & TOOL

MEADOWBROOK MACHINE & TOOLEIN 58-2274476Plan #001PY 2021

P.O. BOX 685 - TOCCOA, GA 30577706-779-3327LinkedIn11-50 employeesmechanical or industrial engineering

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$311K

+10.5% from 2020

Total participants

+4.3% from 2020

Average account balance

$34,565

+10.5% from 2020

Annual return

10.53%

-2.51 pp from 2020

Benchmarks

See 21,791 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,791 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$341K

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

42.9%

Not enough data

1 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

+13.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$611

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 codes2E2G2J3D

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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$1K

$81 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.442%

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

$34,565

$124,336-72.2%

$111,303-68.9%

$167,518-79.4%

Participation rate

11.8%

79.6%-67.9pp

77.3%-65.6pp

82.1%-70.3pp

Annual return

10.53%

37.45%-26.9pp

54.66%-44.1pp

478.71%-468.2pp

Employer contribution / active EE

$3,436-100.0%

$2,731-100.0%

$4,838-100.0%

Participant deferral / active EE

$5,181-100.0%

$4,487-100.0%

$6,342-100.0%

Admin fee / account holder

$153

$10,623-98.6%

$7,966-98.1%

$12,312-98.8%

MEADOWBROOK MACHINE & TOOL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEADOWBROOK MACHINE & TOOL 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