Department of Labor filing

MINERAL, INC.

MINERAL, INC. 401(K) PLAN · For the plan year ended Dec 31, 2023

Public filing 2023 · received Aug 16, 2024Verified current terms Not available

Plan at a glance

How good does the filing look?

79filing comparison
out of 100

The filing signals stronger employer support and/or lower plan-paid administrative costs than many comparable plans. This is a filing comparison, not a complete benefits score.

$Employer support

$4,550

Reported employer contributions per active participant.

Higher than about 72% of comparable plans

#People in the filing

285

Active participants reported for 2023.

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

¢Visible plan-paid fees

$6 / participant

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

Lower cost than about 97% of comparable plans

↗Investment performance

Not available

Plan assets changed 41.1%, 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 · 202379out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions72nd percentileTypical peer $2,986 · based on 5,551 comparable plans

Lower reported administrative expense97th percentileTypical peer $149 · based on 5,714 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, 2023, MINERAL, INC. reported $1,296,725 in employer contributions across the plan and 285 active participants. That works out to $4,550 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 proxy83%

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 15.6%

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

Expense trendDown 1.5%

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

Peer context79/100

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: $1,296,725
Participant contributions: $2,733,521
Other contributions: $426,341
Employer share of reported contributions: 32.2%
Beginning assets: $13,861,869
Ending assets: $19,564,802
Ending net assets: $19,564,802
Ending liabilities: $0
Total income: $7,337,724
Total expenses: $1,634,791
Administrative expenses: $1,956
Participant loans: $221,806

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

$3,935

2023

$4,550

Plan-paid administrative expenses per participant

2022

2023

Active participants

2022

275

2023

285

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2023	$4,550	285	19.6M	20240816173211NAL0025067248001
2022	$3,935	275	13.9M	20230918141025NAL0058905730001

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: 030404198-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 2007
Industry: Professional, scientific, and technical services
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2T3D

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
FIDELITY INVESTMENTS INSTITUTIONAL	2023	Not reported	unknown

Current plan terms

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Filing ACK_ID20240816173211NAL0025067248001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗