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 (2023) 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 2023

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

Other plans on this EIN

1 filing

#004Retirement-$97K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$10.7M

+156.3% from 2022

Total participants

+5.8% from 2022

Average account balance

$148,561

+145.6% from 2022

Annual return

149.77%

+151.86 pp from 2022

Benchmarks

See 5,447 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,447 peers

Snapshot2023

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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$87K

$2026 / participant

Other / not subdivided$87K100.0%

% of EOY assets

0.814%

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

$148,561

$79,961+85.8%

$98,462+50.9%

$75,177+97.6%

Participation rate

97.7%

70.4%+27.3pp

75.2%+22.5pp

67.2%+30.5pp

Annual return

149.77%

19.75%+130.0pp

21.17%+128.6pp

160.75%-11.0pp

Employer contribution / active EE

$6,905

$2,264+205.0%

$3,049+126.5%

$2,671+158.5%

Participant deferral / active EE

$3,753-100.0%

$4,738-100.0%

$4,126-100.0%

Admin fee / account holder

$1,210

$6,842-82.3%

$8,875-86.4%

$5,651-78.6%

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