Retirement plan

MPIC EMPLOYEE 403(B) RETIREMENT PLAN

Name: MENDOCINO PRIVATE INDUSTRY COUNCIL, INC. - MPIC EMPLOYEE 403(B) RETIREMENT PLAN (2022) Form 5500
Creator: MENDOCINO PRIVATE INDUSTRY COUNCIL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MPIC EMPLOYEE 403(B) RETIREMENT PLAN, MENDOCINO PRIVATE INDUSTRY COUNCIL, INC.

MENDOCINO PRIVATE INDUSTRY COUNCIL, INC.EIN 68-0272950Plan #001PY 2022

2550 N STATE ST 3 - UKIAH, CA 954823023707-530-2327mpic.orgLinkedIn11-50 employeesnon-profit organization management

Prospect flagsHigh feesLow participationLow participant contribution

How to read this page

Total assets (EOY)

$445K

+9.8% from 2019

Total participants

-5.3% from 2019

Average account balance

$40,416

+19.8% from 2019

Annual return

-20.18%

-23.23 pp from 2019

Benchmarks

See 39,290 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort39,290 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$409K

Not enough data

1 years with asset history on file

Average account balance

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

$58K

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.

63.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$786

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$71

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

+40.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4310

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 codes2F2G2L2M2T3D

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$53K

$3299 / participant

Other / not subdivided$53K100.0%

% of EOY assets

11.872%

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

$40,416

$92,743-56.4%

$82,744-51.2%

$134,532-70.0%

Participation rate

56.3%

75.2%-19.0pp

72.6%-16.3pp

81.2%-25.0pp

Annual return

-20.18%

946.63%-966.8pp

702.22%-722.4pp

418.27%-438.4pp

Employer contribution / active EE

$454

$3,273-86.1%

$3,008-84.9%

$4,741-90.4%

Participant deferral / active EE

$483

$4,802-89.9%

$4,395-89.0%

$6,401-92.5%

Admin fee / account holder

$4,798

$5,977-19.7%

$5,325-9.9%

$11,429-58.0%

MPIC EMPLOYEE 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MPIC EMPLOYEE 403(B) RETIREMENT 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