Plan Snapshot
- Plan Sponsor: Mb Precision Holdings, INC.
- Sponsor EIN: 464528601
- Sponsor Address: 360 BLOOMFIELD AVE, SUITE 301, WINDSOR, CT, 06095
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 617
- Total Assets: $20.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 617 | $20.1M | $0 | $0 |
| 2024 | 577 | $18.3M | $345,811 | $857,604 |
| 2023 | 526 | $17.8M | $318,591 | $812,392 |
| 2022 | 446 | $16.6M | $298,506 | $741,004 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $105,432 | — | $105,432 |
| ORENDA RETIREMENT, LLC | Recordkeeper | $35,850 | $8,245 | $44,095 |
| SBSF | Recordkeeper | — | $34,892 | $34,892 |
| ALERA INVESTMENTADVISORS | Investment Advisor | — | $33,055 | $33,055 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $217,474
- Estimated Expense Ratio: 1.081% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $2,007,799 | — | $141,280 | — | — |
| 2024 | $141,993 | — | $141,993 | — | — |
| 2023 | $121,003 | $5,922 | $115,081 | — | — |
| 2022 | $108,879 | — | $108,879 | — | — |