Retirement plan

MBI DIRECT MAIL, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Name: MBI DIRECT MAIL, INC. - MBI DIRECT MAIL, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST (2019) Form 5500
Creator: MBI DIRECT MAIL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MBI DIRECT MAIL, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST, MBI DIRECT MAIL, INC.

MBI DIRECT MAIL, INC.EIN 59-2944301Plan #003PY 2019

710 W NEW HAMPSHIRE BLVD - DELAND, FL 32720386-626-0257directmail-mbi.comLinkedIn51-200 employees

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$11M

+1033.4% from 2018

Total participants

-14.3% from 2018

Average account balance

$115,642

+1224.3% from 2018

Annual return

1003.07%

+1024.34 pp from 2018

Benchmarks

See 5,807 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,807 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.48M

Not enough data

1 years with asset history on file

Average account balance

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

$244K

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.

98.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$369K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+79.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2121

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 codes2P2Q3I

Plan features

2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$94K

$1123 / participant

Other / not subdivided$94K100.0%

% of EOY assets

0.858%

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

$115,642

$76,371+51.4%

$93,621+23.5%

$72,976+58.5%

Participation rate

98.8%

71.8%+27.1pp

75.8%+23.0pp

69.5%+29.3pp

Annual return

1003.07%

25.82%+977.2pp

32.76%+970.3pp

81.02%+922.0pp

Employer contribution / active EE

$3,619

$2,276+59.0%

$2,719+33.1%

$2,440+48.3%

Participant deferral / active EE

$3,538-100.0%

$4,070-100.0%

$3,608-100.0%

Admin fee / account holder

$993

$6,839-85.5%

$7,890-87.4%

$5,124-80.6%

MBI DIRECT MAIL, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MBI DIRECT MAIL, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

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