Retirement plan

MYWI FABRICATORS, INC. RETIREMENT PLAN

Name: MYWI FABRICATORS, INC. - MYWI FABRICATORS, INC. RETIREMENT PLAN (2023) Form 5500
Creator: MYWI FABRICATORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MYWI FABRICATORS, INC. RETIREMENT PLAN, MYWI FABRICATORS, INC.

MYWI FABRICATORS, INC.EIN 95-4560682Plan #001PY 2023

2115 EDWARDS AVE. - S. EL MONTE, CA 91733626-279-6994mywifabricators.comLinkedIn11-50 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement--

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$4.5M

+24.1% from 2022

Total participants

+4.0% from 2022

Average account balance

$171,439

+19.3% from 2022

Annual return

21.02%

+36.97 pp from 2022

Benchmarks

See 51,572 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort51,572 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.87M

Not enough data

1 years with asset history on file

Average account balance

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

$212K

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.

143.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$128K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+10.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8789

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 codes2E2J3D

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.
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.

Expense breakdown

Schedule H Part II

Admin total

$2K

$101 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.041%

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

$171,439

$106,247+61.4%

$96,515+77.6%

$139,466+22.9%

Participation rate

100.0%

77.8%+22.2pp

74.3%+25.7pp

80.3%+19.7pp

Annual return

21.02%

38.47%-17.4pp

35.73%-14.7pp

373.66%-352.6pp

Employer contribution / active EE

$1,382

$4,106-66.4%

$3,740-63.1%

$4,754-70.9%

Participant deferral / active EE

$4,903

$5,456-10.1%

$4,880+0.5%

$6,712-27.0%

Admin fee / account holder

$70

$7,885-99.1%

$6,735-99.0%

$11,409-99.4%

MYWI FABRICATORS, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MYWI FABRICATORS, INC. RETIREMENT 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