Retirement plan

MERIBEAR PRODUCTIONS, INC. 401(K) PLAN

Name: MERIBEAR PRODUCTIONS, INC. - MERIBEAR PRODUCTIONS, INC. 401(K) PLAN (2023) Form 5500
Creator: MERIBEAR PRODUCTIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MERIBEAR PRODUCTIONS, INC. 401(K) PLAN, MERIBEAR PRODUCTIONS, INC.

MERIBEAR PRODUCTIONS, INC.EIN 95-3611147Plan #001PY 2023

4100 ARDMORE AVENUE - SOUTHGATE, CA 902803246310-204-5353LinkedIn11-50 employees

Prospect flagsLow returnsHigh feesLow assets / participantLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.3M

+25.8% from 2022

Total participants

276

0.0% from 2022

Average account balance

$23,572

+17.9% from 2022

Annual return

13.36%

+28.59 pp from 2022

Benchmarks

See 6,231 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,231 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.12M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

226

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.

65.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$785K

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

+10.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$95

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 5 by compensation

Provider	Service type	Compensation
NATIONWIDE6 years Service code 16 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Consulting	$57,370
LPL FINANCIAL3 years Filed as: LPL FINCANCIAL Service code 16	Consulting	$21,237
THE RYDING COMPANY6 years Service code 99 · EIN 95-3497679 2659 TOWNSGATE ROAD, SUITE 101 · WESTLAKE VILLAGE, CA 91361	Other Fees	$4,770
IRON-CO-FID-COMPREHENSIVE5 years Filed as: IRON CO FID INDEX COMPREHENSIVE Service code 16 · EIN 26-2409128 5440 W 110TH ST · SHAWNEE MISSION, KS 66211	Consulting	$4,376
LPL FINANCIAL3 years Filed as: LPL FIINANCIAL Service code 16 · EIN 31-4156830 1055 LPL WAY · FORT MILL, SC 297159217	Consulting	$0

Plan features & details

Pension benefit codes2A2E2F2G2T3D2J2K

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.

Opportunity flags

5 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$88K

$475 / participant

Investment mgmt$88K100.0%

% of EOY assets

1.671%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MELONI HRIBAL TRATNER LLP
Auditor EIN: 954649521
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,572

$91,439-74.2%

$135,974-82.7%

$71,511-67.0%

Participation rate

71.4%

75.7%-4.3pp

81.9%-10.6pp

67.9%+3.4pp

Annual return

13.36%

29.90%-16.5pp

68.30%-54.9pp

28.86%-15.5pp

Employer contribution / active EE

$1,574

$3,705-57.5%

$4,859-67.6%

$2,589-39.2%

Participant deferral / active EE

$2,791

$7,093-60.7%

$7,760-64.0%

$4,291-35.0%

Admin fee / account holder

$394

$1,267-68.9%

$10,767-96.3%

$1,588-75.2%

Provider

Service type

Compensation

NATIONWIDE6 years

Service code 16

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Consulting

$57,370

LPL FINANCIAL3 years

Filed as: LPL FINCANCIAL

Service code 16

Consulting

$21,237

THE RYDING COMPANY6 years

Service code 99 · EIN 95-3497679

2659 TOWNSGATE ROAD, SUITE 101 · WESTLAKE VILLAGE, CA 91361

Other Fees

$4,770

IRON-CO-FID-COMPREHENSIVE5 years

Filed as: IRON CO FID INDEX COMPREHENSIVE

Service code 16 · EIN 26-2409128

5440 W 110TH ST · SHAWNEE MISSION, KS 66211

Consulting

$4,376

LPL FINANCIAL3 years

Filed as: LPL FIINANCIAL

Service code 16 · EIN 31-4156830

1055 LPL WAY · FORT MILL, SC 297159217

Consulting

MERIBEAR PRODUCTIONS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MERIBEAR PRODUCTIONS, INC. 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