Retirement plan

MONOTECH OF MISSISSIPPI, INC. PENSION PLAN FOR COLLECTIVE BARGAINING EMPLOYEES

Name: MONOTECH OF MISSISSIPPI, INC. - MONOTECH OF MISSISSIPPI, INC. PENSION PLAN FOR COLLECTIVE BARGAINING EMPLOYEES (2024) Form 5500
Creator: MONOTECH OF MISSISSIPPI, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MONOTECH OF MISSISSIPPI, INC. PENSION PLAN FOR COLLECTIVE BARGAINING EMPLOYEES, MONOTECH OF MISSISSIPPI, INC.

MONOTECH OF MISSISSIPPI, INC.EIN 94-3123753Plan #001PY 2024

9885 DOERR LANE - SCHERTZ, TX 78154210-651-9595

Other plans on this EIN

1 filing

#002Retirement-$511K assets

Prospect flagsLow assets / participantRecently reached 100 employees

How to read this page

Total assets (EOY)

$851K

+19.7% from 2023

Total participants

120

+23.7% from 2023

Average account balance

$7,149

-4.4% from 2023

Annual return

13.46%

-3.28 pp from 2023

Benchmarks

See 14,159 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,159 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$851K

Not enough data

1 years with asset history on file

Average account balance

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

$7K

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.

119

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.

138.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$66K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$764

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

+13.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$195

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 codes2C2F2G2T3D3H

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$23K

$270 / participant

Other / not subdivided$23K100.0%

% of EOY assets

2.733%

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

$7,149

$86,940-91.8%

$102,434-93.0%

$80,935-91.2%

Participation rate

98.8%

72.4%+26.4pp

76.5%+22.3pp

67.7%+31.2pp

Annual return

13.46%

18.89%-5.4pp

29.46%-16.0pp

35.66%-22.2pp

Employer contribution / active EE

$764

$2,370-67.7%

$3,023-74.7%

$2,757-72.3%

Participant deferral / active EE

$4,121-100.0%

$5,055-100.0%

$4,299-100.0%

Admin fee / account holder

$195

$8,047-97.6%

$9,462-97.9%

$6,924-97.2%

MONOTECH OF MISSISSIPPI, INC. PENSION PLAN FOR COLLECTIVE BARGAINING EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MONOTECH OF MISSISSIPPI, INC. PENSION PLAN FOR COLLECTIVE BARGAINING EMPLOYEES

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