Retirement plan

MERIDIAN SYSTEMS INC 401(K) PLAN

Name: MERIDIAN SYSTEMS INC. - MERIDIAN SYSTEMS INC 401(K) PLAN (2024) Form 5500
Creator: MERIDIAN SYSTEMS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MERIDIAN SYSTEMS INC 401(K) PLAN, MERIDIAN SYSTEMS INC.

MERIDIAN SYSTEMS INC.EIN 92-0162106Plan #001PY 2024

401 W INTERNATIONAL AIRPORT ROAD, UNIT 13 - ANCHORAGE, AK 99518907-279-3320msicontrols.comLinkedIn11-50 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement-$361K assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$711K

+26.9% from 2023

Total participants

0.0% from 2023

Average account balance

$79,025

+26.9% from 2023

Annual return

14.55%

-3.03 pp from 2023

Benchmarks

See 54,915 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort54,915 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$711K

Not enough data

1 years with asset history on file

Average account balance

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

$79K

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.

112.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$72K

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

+14.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

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

$79,025

$111,814-29.3%

$103,378-23.6%

$145,978-45.9%

Participation rate

100.0%

77.9%+22.1pp

74.5%+25.5pp

80.3%+19.7pp

Annual return

14.55%

24.80%-10.3pp

24.91%-10.4pp

550.52%-536.0pp

Employer contribution / active EE

$2,971

$4,215-29.5%

$3,870-23.2%

$4,662-36.3%

Participant deferral / active EE

$6,064

$5,618+7.9%

$5,058+19.9%

$6,690-9.4%

Admin fee / account holder

$9,764-100.0%

$8,401-100.0%

$13,400-100.0%

MERIDIAN SYSTEMS INC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

MERIDIAN SYSTEMS INC 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