Retirement plan

MP ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN

Name: MP ASSOCIATES, INC. - MP ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: MP ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MP ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN, MP ASSOCIATES, INC.

MP ASSOCIATES, INC.EIN 94-2768772Plan #001PY 2020

PO BOX 546, 6555 JACKSON VALLEY ROAD - IONE, CA 95640209-274-4715

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$13.1M

-7.1% from 2019

Total participants

167

-23.7% from 2019

Average account balance

$78,238

+21.9% from 2019

Annual return

13.97%

-10.37 pp from 2019

Benchmarks

See 14,882 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,882 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.56M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

219

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.

99.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$829K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+18.04%

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
NATIONWIDE6+ years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$50,411
NEWPORT GROUP, INC.4 years Filed as: NEWPORT GROUP Service code 13	Contract Administrator	$13,697
NEWPORT GROUP, INC.5 years Service code 13 · EIN 68-0167223 1350 TREAT BOULEVARD · WALNUT CREEK, CA 94597	Contract Administrator	$12,475

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$13K

$172 / participant

Other / not subdivided$13K100.0%

% of EOY assets

0.097%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PATRICK BUZARELLOS KENDRICK, LLP
Auditor EIN: 680197298
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$78,238

$78,425-0.2%

$95,956-18.5%

$79,858-2.0%

Participation rate

100.0%

73.5%+26.5pp

77.1%+22.9pp

69.6%+30.4pp

Annual return

13.97%

19.37%-5.4pp

91.63%-77.7pp

31.72%-17.7pp

Employer contribution / active EE

$1,913

$1,945-1.6%

$2,541-24.7%

$2,471-22.6%

Participant deferral / active EE

$3,266

$3,440-5.1%

$4,167-21.6%

$3,740-12.7%

Admin fee / account holder

$76

$5,622-98.6%

$6,797-98.9%

$5,306-98.6%

Provider

Service type

Compensation

NATIONWIDE6+ years

Service code 15 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$50,411

NEWPORT GROUP, INC.4 years

Filed as: NEWPORT GROUP

Service code 13

Contract Administrator

$13,697

NEWPORT GROUP, INC.5 years

Service code 13 · EIN 68-0167223

1350 TREAT BOULEVARD · WALNUT CREEK, CA 94597

Contract Administrator

$12,475

MP ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MP ASSOCIATES, INC. 401(K) PROFIT SHARING 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