Retirement plan

MOBILITY EQUIPMENT, INC. PROFIT SHARING 401(K) PLAN

Name: MOBILITY EQUIPMENT, INC. - MOBILITY EQUIPMENT, INC. PROFIT SHARING 401(K) PLAN (2021) Form 5500
Creator: MOBILITY EQUIPMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MOBILITY EQUIPMENT, INC. PROFIT SHARING 401(K) PLAN, MOBILITY EQUIPMENT, INC.

MOBILITY EQUIPMENT, INC.EIN 91-1872256Plan #002PY 2021

80 TANFORAN AVENUE, SUITE 14 - SOUTH SAN FRANCISCO, CA 94080650-741-6334mobilityequipmentinc.comLinkedIn1-10 employeeswarehousing

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$902K

+6.4% from 2020

Total participants

0.0% from 2020

Average account balance

$64,450

+6.4% from 2020

Annual return

0.01%

-0.23 pp from 2020

Benchmarks

See 8,321 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort8,321 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$415K

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

130.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$60K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$308

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 codes2E2J3D2R

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$19K

$2397 / participant

Other / not subdivided$19K100.0%

% of EOY assets

2.125%

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

$64,450

$127,273-49.4%

$109,895-41.4%

$167,518-61.5%

Participation rate

100.0%

77.9%+22.1pp

74.2%+25.8pp

82.1%+17.9pp

Annual return

0.01%

22.97%-23.0pp

29.46%-29.5pp

478.71%-478.7pp

Employer contribution / active EE

$2,576

$3,324-22.5%

$2,843-9.4%

$4,838-46.8%

Participant deferral / active EE

$5,164

$4,515+14.4%

$4,049+27.6%

$6,342-18.6%

Admin fee / account holder

$1,369

$7,117-80.8%

$6,067-77.4%

$12,312-88.9%

MOBILITY EQUIPMENT, INC. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MOBILITY EQUIPMENT, INC. PROFIT SHARING 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