Retirement plan

SEAMAN PAPER CO. OF MA. AND SUBSIDIARIES SALARIED EMPLOYEES RETIREMENT SAVINGS PLAN

Name: SEAMAN PAPER CO. OF MA AND SUBSIDIARIES - SEAMAN PAPER CO. OF MA. AND SUBSIDIARIES SALARIED EMPLOYEES RETIREMENT SAVINGS PLAN (2019) Form 5500
Creator: SEAMAN PAPER CO. OF MA AND SUBSIDIARIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SEAMAN PAPER CO. OF MA. AND SUBSIDIARIES SALARIED EMPLOYEES RETIREMENT SAVINGS PLAN, SEAMAN PAPER CO. OF MA AND SUBSIDIARIES

SEAMAN PAPER CO. OF MA AND SUBSIDIARIESEIN 04-2184201Plan #003PY 2019

35 WILKINS RD - GARDNER, MA 01440978-939-5356

Other plans on this EIN

1 filing

#001Retirement-$6.5M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$17M

+2.8% from 2018

Total participants

165

-1.8% from 2018

Average account balance

$126,804

+5.9% from 2018

Annual return

5.87%

-4.23 pp from 2018

Benchmarks

See 1,981 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,981 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.21M

Not enough data

1 years with asset history on file

Average account balance

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

$125K

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.

234

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.

67.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+13.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$460

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 10 of 18 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 49 · EIN 04-1590850	Other Services	$84,074
SUMMIT FINANCIAL CORPORATION1 year Service code 27 · EIN 04-3222046	Advisory (Plan)	$12,327
AMERICAN FUNDS1 year Service code 52 · EIN 95-2817150	Indirect Investment Fees	$0
COHEN & STEERS1 year Service code 52 · EIN 14-1904657	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-6056833	Indirect Investment Fees	$0
JANUS HENDERSON1 year Service code 52 · EIN 84-0592523	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN Service code 52 · EIN 04-3400483	Indirect Investment Fees	$0
LEGG MASON1 year Service code 52 · EIN 96-2705767	Indirect Investment Fees	$0
LORD ABBETT1 year Service code 52 · EIN 13-3731507	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL INSURANCE COMP Service code 52	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R3D3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$96K

$674 / participant

Investment mgmt$12K12.8%
Contract admin$84K87.2%

% of EOY assets

0.567%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: SHEPHERD AND GOLDSTEIN LLP
Auditor EIN: 042701070
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$126,804

$66,319+91.2%

$93,621+35.4%

$65,186+94.5%

Participation rate

78.3%

74.0%+4.3pp

75.8%+2.5pp

70.2%+8.1pp

Annual return

5.87%

42.59%-36.7pp

32.76%-26.9pp

29.39%-23.5pp

Employer contribution / active EE

$2,704

$2,013+34.3%

$2,719-0.5%

$2,177+24.2%

Participant deferral / active EE

$4,267

$3,343+27.6%

$4,070+4.8%

$3,514+21.4%

Admin fee / account holder

$719

$6,900-89.6%

$7,890-90.9%

$847-15.1%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 49 · EIN 04-1590850

Other Services

$84,074

SUMMIT FINANCIAL CORPORATION1 year

Service code 27 · EIN 04-3222046

Advisory (Plan)

$12,327

AMERICAN FUNDS1 year

Service code 52 · EIN 95-2817150

Indirect Investment Fees

COHEN & STEERS1 year

Service code 52 · EIN 14-1904657

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-6056833

Indirect Investment Fees

JANUS HENDERSON1 year

Service code 52 · EIN 84-0592523

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN

Service code 52 · EIN 04-3400483

Indirect Investment Fees

LEGG MASON1 year

Service code 52 · EIN 96-2705767

Indirect Investment Fees

LORD ABBETT1 year

Service code 52 · EIN 13-3731507

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL INSURANCE COMP

Service code 52

Indirect Investment Fees

SEAMAN PAPER CO. OF MA. AND SUBSIDIARIES SALARIED EMPLOYEES RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SEAMAN PAPER CO. OF MA. AND SUBSIDIARIES SALARIED EMPLOYEES RETIREMENT 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