Retirement plan

MONTANA ABSTRACT & TITLE CO., INC. 401K PROFIT SHARING PLAN AND TRUST

Name: MONTANA ABSTRACT & TITLE COMPANY, INC. - MONTANA ABSTRACT & TITLE CO., INC. 401K PROFIT SHARING PLAN AND TRUST (2022) Form 5500
Creator: MONTANA ABSTRACT & TITLE COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MONTANA ABSTRACT & TITLE CO., INC. 401K PROFIT SHARING PLAN AND TRUST, MONTANA ABSTRACT & TITLE COMPANY, INC.

MONTANA ABSTRACT & TITLE COMPANY, INC.EIN 81-0342843Plan #001PY 2022

2961 NEVADA STREET - BUTTE, MT 59701406-533-0433LinkedIn11-50 employeestelecommunications

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.9M

-25.0% from 2021

Total participants

+13.3% from 2021

Average account balance

$119,628

-29.7% from 2021

Annual return

-11.18%

-22.70 pp from 2021

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

$2.19M

Not enough data

1 years with asset history on file

Average account balance

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

$137K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$47K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+15.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$236

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 codes2E2J2R3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

$449K

$40823 / participant

Other / not subdivided$449K100.0%

% of EOY assets

23.461%

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

$119,628

$92,743+29.0%

$82,744+44.6%

$134,532-11.1%

Participation rate

90.9%

75.2%+15.7pp

72.6%+18.3pp

81.2%+9.7pp

Annual return

-11.18%

946.63%-957.8pp

702.22%-713.4pp

418.27%-429.4pp

Employer contribution / active EE

$1,790

$3,273-45.3%

$3,008-40.5%

$4,741-62.2%

Participant deferral / active EE

$6,864

$4,802+42.9%

$4,395+56.2%

$6,401+7.2%

Admin fee / account holder

$28,066

$5,977+369.5%

$5,325+427.1%

$11,429+145.6%

MONTANA ABSTRACT & TITLE CO., INC. 401K PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MONTANA ABSTRACT & TITLE CO., INC. 401K PROFIT SHARING 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