Retirement plan

HUB FOLDING BOX COMPANY UNION MEMBERS 401K SAVINGS PLAN

Name: HUB FOLDING BOX COMPANY, INC. - HUB FOLDING BOX COMPANY UNION MEMBERS 401K SAVINGS PLAN (2021) Form 5500
Creator: HUB FOLDING BOX COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HUB FOLDING BOX COMPANY UNION MEMBERS 401K SAVINGS PLAN, HUB FOLDING BOX COMPANY, INC.

HUB FOLDING BOX COMPANY, INC.EIN 04-2192575Plan #004PY 2021

774 NORFOLK ST - MANSFIELD, MA 020481826508-339-0005hubfoldingbox.comLinkedIn1001-5000 employeespackaging and containers

Other plans on this EIN

2 filings

#003Retirement-$15.4M assets #001Retirement-$11.5M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$7.3M

+26.4% from 2020

Total participants

175

+6.1% from 2020

Average account balance

$41,824

+19.2% from 2020

Annual return

25.77%

+21.24 pp from 2020

Benchmarks

See 1,879 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,879 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.73M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

144

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$287K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+2.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$38

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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$23,638
GREAT-WEST LIFE & ANNUITY INSURANCE6+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$18,644
BLUM SHAPIRO2 years Filed as: BLUM SHAPIRO & COMPANY PC Service code 10 PO BOX 272000 · WEST HARTFORD, CT 061272000	Accounting	$15,250
THE ANGELL PENSION GROUP, INC.6+ years Service code 13 88 BOYD AVE · EAST PROVIDENCE, RI 02914	Contract Administrator	$6,098
JANNEY MONTGOMERY SCOTT LLC6+ years Service code 27 1717 ARCH ST 18TH FL · PHILADELPHIA, PA 19103	Advisory (Plan)	$3,000

Plan features & details

Pension benefit codes2E2G2J2K3D2F

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.
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.

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

$78K

$594 / participant

Other / not subdivided$78K100.0%

% of EOY assets

1.063%

all-in expense ratio

Categories reported

0 / 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: CLIFTONLARSONALLEN
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,824

$79,438-47.4%

$106,554-60.7%

$79,389-47.3%

Participation rate

100.0%

74.2%+25.8pp

76.1%+23.9pp

70.7%+29.3pp

Annual return

25.77%

18.27%+7.5pp

26.80%-1.0pp

116.89%-91.1pp

Employer contribution / active EE

$972

$2,235-56.5%

$2,819-65.5%

$2,428-60.0%

Participant deferral / active EE

$2,528

$3,824-33.9%

$4,398-42.5%

$4,046-37.5%

Admin fee / account holder

$445

$523-15.0%

$7,408-94.0%

$626-29.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$23,638

GREAT-WEST LIFE & ANNUITY INSURANCE6+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$18,644

BLUM SHAPIRO2 years

Filed as: BLUM SHAPIRO & COMPANY PC

Service code 10

PO BOX 272000 · WEST HARTFORD, CT 061272000

Accounting

$15,250

THE ANGELL PENSION GROUP, INC.6+ years

Service code 13

88 BOYD AVE · EAST PROVIDENCE, RI 02914

Contract Administrator

$6,098

JANNEY MONTGOMERY SCOTT LLC6+ years

Service code 27

1717 ARCH ST 18TH FL · PHILADELPHIA, PA 19103

Advisory (Plan)

$3,000

HUB FOLDING BOX COMPANY UNION MEMBERS 401K SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HUB FOLDING BOX COMPANY UNION MEMBERS 401K 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