Department of Labor filing

MICROFINANCIAL, INCORPORATED

MICROFINANCIAL, INCORPORATED 401(K) PROFIT SHARING PLAN · For the plan year ended Dec 31, 2024

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Public filing 2024 · received Aug 28, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

52filing comparison
out of 100

The filing looks broadly typical among comparable plans. This is a filing comparison, not a complete benefits score.

$Employer support

$1,879

Reported employer contributions per active participant.

Higher than about 48% of comparable plans

#People in the filing

136

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$114 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 60% of comparable plans

↗Investment performance

Not available

Plan assets changed -7.9%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202452out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions48th percentileTypical peer $1,914 · based on 102 comparable plans

Lower reported administrative expense60th percentileTypical peer $158 · based on 101 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, MICROFINANCIAL, INCORPORATED reported $255,591 in employer contributions across the plan and 136 active participants. That works out to $1,879 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy49%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 27.8%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendDown 28.1%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context52/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $255,591
Participant contributions: $883,110
Other contributions: $3,649
Employer share of reported contributions: 22.4%
Beginning assets: $12,773,981
Ending assets: $11,769,454
Ending net assets: $11,769,454
Ending liabilities: $0
Total income: $2,536,938
Total expenses: $3,541,465
Administrative expenses: $42,416
Participant loans: $125,976

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$1,471

2023

$1,432

2024

$1,879

Plan-paid administrative expenses per participant

2022

$158

2023

$82

2024

$114

Active participants

2022

266

2023

215

2024

136

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$1,879	136	11.8M	20250828144553NAL0005628291001
2023	$1,432	215	12.8M	20241002090731NAL0003911699001
2022	$1,471	266	10.2M	20230905141425NAL0027317986001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 1.1%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 042962824-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: May 1, 1998
Industry: Real estate
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2J2K2F2G3D3H2T

Current plan terms

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Filing ACK_ID20250828144553NAL0005628291001

Data sourceDOL Form 5500 bulk data ↗

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