Retirement plan

MEISSNER FILTRATION PRODUCTS, INC.401(K) PROFIT SHARING PLAN

Name: MEISSNER FILTRATION PRODUCTS, INC. - MEISSNER FILTRATION PRODUCTS, INC.401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: MEISSNER FILTRATION PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEISSNER FILTRATION PRODUCTS, INC.401(K) PROFIT SHARING PLAN, MEISSNER FILTRATION PRODUCTS, INC.

MEISSNER FILTRATION PRODUCTS, INC.EIN 77-0213143Plan #001PY 2024

1001 FLYNN ROAD - CAMARILLO, CA 93012805-388-9911

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$31.2M

+28.5% from 2023

Total participants

723

-11.1% from 2023

Average account balance

$43,198

+44.5% from 2023

Annual return

14.01%

-6.91 pp from 2023

Benchmarks

See 2,381 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,381 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$31.23M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

723

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.12M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$364

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 4 by compensation

Provider	Service type	Compensation
KEEFER PENSION CONSULTING INC.8 years Filed as: KEEFER PENSION CONSULTING, INC. Service code 27 · EIN 27-0328721	Advisory (Plan)	$159,991
TRANSAMERICA RETIREMENT SOLUTIONS2 years Filed as: TRANSAMERICA RETIREMENT SOLUTIONS,L Service code 15 · EIN 13-3689044	Recordkeeping	$70,294
HICKS PENSION SERVICES1 year Filed as: HICKS PENSION SERVICES-SAN LUIS OBI Service code 15 · EIN 77-0155091	Recordkeeping	$30,938
ACTUARIES UNLIMITED, INC.8 years Service code 15 · EIN 95-3654973	Recordkeeping	$1,500

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
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.
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.
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

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

$263K

$492 / participant

Recordkeeping$263K100.0%

% of EOY assets

0.843%

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: HOLTHOUSE CARLIN & VAN TRIGHT LLP
Auditor EIN: 954345526
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,198

$89,067-51.5%

$102,423-57.8%

$77,714-44.4%

Participation rate

100.0%

80.9%+19.1pp

76.5%+23.5pp

70.6%+29.4pp

Annual return

14.01%

25.01%-11.0pp

29.42%-15.4pp

31.26%-17.2pp

Employer contribution / active EE

$2,911

$2,699+7.9%

$3,023-3.7%

$2,727+6.8%

Participant deferral / active EE

$4,788

$5,147-7.0%

$5,054-5.3%

$4,649+3.0%

Admin fee / account holder

$364

$236+54.4%

$9,455-96.2%

$433-16.0%

Provider

Service type

Compensation

KEEFER PENSION CONSULTING INC.8 years

Filed as: KEEFER PENSION CONSULTING, INC.

Service code 27 · EIN 27-0328721

Advisory (Plan)

$159,991

TRANSAMERICA RETIREMENT SOLUTIONS2 years

Filed as: TRANSAMERICA RETIREMENT SOLUTIONS,L

Service code 15 · EIN 13-3689044

Recordkeeping

$70,294

HICKS PENSION SERVICES1 year

Filed as: HICKS PENSION SERVICES-SAN LUIS OBI

Service code 15 · EIN 77-0155091

Recordkeeping

$30,938

ACTUARIES UNLIMITED, INC.8 years

Service code 15 · EIN 95-3654973

Recordkeeping

$1,500

MEISSNER FILTRATION PRODUCTS, INC.401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEISSNER FILTRATION PRODUCTS, INC.401(K) 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