Retirement plan

BEMIS ASSOCIATES, INC. EMPLOYEE DEFERRED SAVINGS PLAN

Name: BEMIS ASSOCIATES, INC. - BEMIS ASSOCIATES, INC. EMPLOYEE DEFERRED SAVINGS PLAN (2022) Form 5500
Creator: BEMIS ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BEMIS ASSOCIATES, INC. EMPLOYEE DEFERRED SAVINGS PLAN, BEMIS ASSOCIATES, INC.

BEMIS ASSOCIATES, INC.EIN 04-1078880Plan #004PY 2022

ONE BEMIS WAY - SHIRLEY, MA 01464978-425-6761bemisworldwide.comLinkedIn201-500 employeesplastics

Other plans on this EIN

1 filing

#003Retirement-$19.9M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$42.9M

-14.2% from 2021

Total participants

317

+11.2% from 2021

Average account balance

$135,873

-22.6% from 2021

Annual return

-15.41%

-28.73 pp from 2021

Benchmarks

See 1,872 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,872 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$56.97M

Not enough data

1 years with asset history on file

Average account balance

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

$208K

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.

274

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.

98.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+14.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$268

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY4 years Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346	Recordkeeping	$74,017
CARSON WEALTH1 year Filed as: CARSON WEALTH MANAGEMENT, LLC Service code 27 · EIN 27-4011107	Advisory (Plan)	$38,775

Plan features & details

Pension benefit codes2E2F2G2J2S2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$113K

$550 / participant

Investment mgmt$39K34.4%
Contract admin$74K65.6%

% of EOY assets

0.263%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$135,873

$72,620+87.1%

$90,760+49.7%

$66,938+103.0%

Participation rate

99.5%

73.7%+25.8pp

75.7%+23.8pp

69.8%+29.7pp

Annual return

-15.41%

-12.28%-3.1pp

-12.16%-3.3pp

1.58%-17.0pp

Employer contribution / active EE

$5,148

$2,369+117.3%

$2,922+76.2%

$2,545+102.3%

Participant deferral / active EE

$10,455

$3,979+162.8%

$4,565+129.0%

$4,238+146.7%

Admin fee / account holder

$357

$707-49.5%

$8,444-95.8%

$594-39.9%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY4 years

Filed as: JOHN HANCOCK

Service code 15 · EIN 01-0233346

Recordkeeping

$74,017

CARSON WEALTH1 year

Filed as: CARSON WEALTH MANAGEMENT, LLC

Service code 27 · EIN 27-4011107

Advisory (Plan)

$38,775

BEMIS ASSOCIATES, INC. EMPLOYEE DEFERRED SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BEMIS ASSOCIATES, INC. EMPLOYEE DEFERRED SAVINGS 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