Retirement plan

MASTER BLASTER SAFE HARBOR 401(K) PLAN

Name: MASTER BLASTER, INC. - MASTER BLASTER SAFE HARBOR 401(K) PLAN (2020) Form 5500
Creator: MASTER BLASTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MASTER BLASTER SAFE HARBOR 401(K) PLAN, MASTER BLASTER, INC.

MASTER BLASTER, INC.EIN 84-1517458Plan #001PY 2020

7259 COLE VIEW - COLORADO SPRINGS, CO 80915719-531-6562masterblasterinc.comLinkedIn1-10 employees

Prospect flagsLow participationHigh assets / participant

How to read this page

Total assets (EOY)

$369K

+42.9% from 2019

Total participants

+50.0% from 2019

Average account balance

$368,846

+42.9% from 2019

Annual return

40.24%

+9.98 pp from 2019

Benchmarks

See 36,205 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort36,205 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$385K

Not enough data

1 years with asset history on file

Average account balance

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

$385K

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

$31K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$31K

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

-10.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1823

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 codes2E2F2G2J2R

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

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

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

$368,846

$100,911+265.5%

$90,440+307.8%

$158,966+132.0%

Participation rate

33.3%

75.0%-41.7pp

72.7%-39.4pp

82.0%-48.6pp

Annual return

40.24%

1726.62%-1686.4pp

1294.38%-1254.1pp

302.95%-262.7pp

Employer contribution / active EE

$590

$3,690-84.0%

$3,263-81.9%

$4,762-87.6%

Participant deferral / active EE

$1,667

$4,348-61.7%

$3,964-58.0%

$5,983-72.1%

Admin fee / account holder

$6,507-100.0%

$5,615-100.0%

$11,250-100.0%

MASTER BLASTER SAFE HARBOR 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

MASTER BLASTER SAFE HARBOR 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion