Profile
Mindleaf Technologies, Inc. Prevailing Wage 401(K) Profit Sharing Plan in Lowell, MA is in Massachusetts, its EIN is 043182865, its industry group is Office Administrative Services, is a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, is a single-employer plan, its business code is 561110, has 100 to 499 total participants, is better than the overall plan medians in each of total income, net income, participant loans as a percentage of plan assets, and yield on beginning-of-plan-year total assets (4 total), and is better than the overall participant averages in each of net income per total participant, employer contributions per active participant, and total administrative expense per participant.
Numeric values:
- total assets at beginning of plan year ($2,330,061)
- net assets (assets minus liabilities) ($2.10M)
- total assets ($2,076,495)
- value of interest in registered investment companies (e.g., mutual funds) ($2.00M)
- total contributions ($252,694)
- total expenses ($172,104)
- cash contributions from employers ($117,405)
- cash contributions from participants ($52,814)
- receivables - employer contributions ($28,916)
- average account balance ($10,229)
- participant loans ($8,908)
- contract administrator fees ($5,170)
- total administrative expenses ($5,170)
- average employer+participant cash contribution per active participant ($3,095)
- average employer cash contribution per active participant ($2,135)
- receivables - participant contributions ($1,116)
- average participant cash contribution per active participant ($960.30)
- total administrative expense per participant ($25.47)
- total noninterest-bearing cash ($0)
- other receivables (not employer nor participant contributions) ($0)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($0)
- U.S. government securities ($0.0K)
- corporate debt instruments (preferred & other than employer securities) ($0)
- corporate debt instruments (below preferred & other than employer securities) ($0)
- corporate preferred stocks (other than employer securities) ($0)
- corporate common stocks (other than employer securities) ($0)
- partnership/joint venture interests ($0)
- real estate (other than employer real property) ($0)
- loans (other than to participants) ($0)
- value of interest in common/collective trusts ($0)
- value of interest in pooled separate accounts ($0)
- value of interest in master trust investment accounts ($0.0K)
- value of interest in 103-12 investment entities ($0)
- value of funds held in insurance company general account (unallocated contracts) ($0)
- other general investments ($0)
- employer-related securities investments ($0)
- employer-related real-property investments ($0)
- buildings and other property used in plan operation ($0)
- total liabilities ($0)
- corrective distributions ($0)
- professional fees ($0)
- investment advisory and management fees ($0)
- other administrative expenses ($0)
- asset transfers to the plan ($0)
- asset transfers from the plan ($0)
- net income per total participant (-$1,249)
- total income (-$81,462)
- net income (-$253,566)
- earnings on investments (-$334,156)
- net earnings on investments (-$334,156)
- percentage of active participants (27.1%)
- diversity of asset types (3.3%)
- participant loans as a percentage of plan assets (0.43%)
- total administrative expense ratio (0.250%)
- total cash as a percentage of plan assets (0.00%)
- employer securities as a percentage of plan assets (0.00%)
- growth in total assets during the plan year (-10.9%)
- yield on beginning-of-plan-year total assets (-14.34%)
- active participants (55)
- deceased participants whose beneficiaries receive or are entitled to benefits (0)
- living participants (203)
- other retired or separated participants entitled to future benefits (148)
- retired or separated participants receiving benefits (0)
- total participants (203)