Retirement plan

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

Name: MOBILITY EQUIPMENT, INC. - MOBILITY EQUIPMENT, INC. PROFIT SHARING 401(K) PLAN (2023) 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 2023

1282 MONTGOMERY AVE - SAN BRUNO, CA 94066650-741-6302mobilityequipmentinc.comLinkedIn1-10 employeeswarehousing

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$701K

-28.0% from 2022

Total participants

-28.6% from 2022

Average account balance

$70,082

+0.8% from 2022

Annual return

4.06%

+3.47 pp from 2022

Benchmarks

See 22,163 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort22,163 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$308K

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

137.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$73K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+4.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$45235

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

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

$375K

$53595 / participant

Other / not subdivided$375K100.0%

% of EOY assets

53.532%

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

$70,082

$102,663-31.7%

$86,216-18.7%

$139,466-49.7%

Participation rate

100.0%

74.5%+25.5pp

69.0%+31.0pp

80.3%+19.7pp

Annual return

4.06%

1924.52%-1920.5pp

1169.42%-1165.4pp

373.66%-369.6pp

Employer contribution / active EE

$2,427

$3,035-20.0%

$2,382+1.9%

$4,754-48.9%

Participant deferral / active EE

$6,542

$4,677+39.9%

$3,986+64.1%

$6,712-2.5%

Admin fee / account holder

$37,516

$8,663+333.1%

$6,853+447.4%

$11,409+228.8%

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