Retirement plan

MACHINE BUILD TECHNOLOGIES, LLC 401(K) PLAN

Name: MACHINE BUILD TECHNOLOGIES, LLC - MACHINE BUILD TECHNOLOGIES, LLC 401(K) PLAN (2021) Form 5500
Creator: MACHINE BUILD TECHNOLOGIES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MACHINE BUILD TECHNOLOGIES, LLC 401(K) PLAN, MACHINE BUILD TECHNOLOGIES, LLC

MACHINE BUILD TECHNOLOGIES, LLCEIN 83-2390913Plan #001PY 2021

850 AEROPLAZA DRIVE - COLORADO SPRINGS, CO 80916719-596-8830

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$4.1M

+18.4% from 2020

Total participants

203

-16.1% from 2020

Average account balance

$21,732

-4.3% from 2020

Annual return

15.17%

-2.94 pp from 2020

Benchmarks

See 4,053 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,053 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.03M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

130

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

$304K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+9.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$268

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

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
VESTWELL1 year Service code 13 · EIN 81-3062212 1410 BROADWAY FL 23 · NEW YORK, NY 10018	Contract Administrator	$200

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H

Plan features

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$20K

$123 / participant

Contract admin$20K100.0%

% of EOY assets

0.483%

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: BLACKMAN & ASSOCIATES, P.C.
Auditor EIN: 470813847
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,732

$84,940-74.4%

$111,306-80.5%

$79,389-72.6%

Participation rate

90.6%

75.9%+14.8pp

77.3%+13.3pp

70.7%+19.9pp

Annual return

15.17%

17.45%-2.3pp

54.67%-39.5pp

116.89%-101.7pp

Employer contribution / active EE

$673

$1,979-66.0%

$2,732-75.4%

$2,428-72.3%

Participant deferral / active EE

$2,928

$3,889-24.7%

$4,488-34.8%

$4,046-27.6%

Admin fee / account holder

$105

$537-80.5%

$7,966-98.7%

$626-83.2%

Provider

Service type

Compensation

VESTWELL1 year

Service code 13 · EIN 81-3062212

1410 BROADWAY FL 23 · NEW YORK, NY 10018

Contract Administrator

$200

MACHINE BUILD TECHNOLOGIES, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MACHINE BUILD TECHNOLOGIES, LLC 401(K) 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