Retirement plan

SUPERIOR PLASTICS EXTRUSION COMPANY, INC. 401(K) PROFIT SHARING PLAN

Name: SUPERIOR PLASTICS EXTRUSION COMPANY, INC - SUPERIOR PLASTICS EXTRUSION COMPANY, INC. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: SUPERIOR PLASTICS EXTRUSION COMPANY, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUPERIOR PLASTICS EXTRUSION COMPANY, INC. 401(K) PROFIT SHARING PLAN, SUPERIOR PLASTICS EXTRUSION COMPANY, INC

SUPERIOR PLASTICS EXTRUSION COMPANY, INCdba IMPACT PLASTICSEIN 04-3070396Plan #001PY 2022

5 HIGHLAND DRIVE - PUTNAM, CT 06260860-963-1976LinkedIn51-200 employeesplastics

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$8.9M

-6.3% from 2021

Total participants

115

+19.8% from 2021

Average account balance

$136,511

-16.4% from 2021

Annual return

-5.99%

-14.41 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

$10.05M

Not enough data

1 years with asset history on file

Average account balance

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

$157K

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.

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.

66.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$846K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+16.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$22176

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$717K

$6826 / participant

Other / not subdivided$717K100.0%

% of EOY assets

8.077%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$136,511

$72,620+88.0%

$90,760+50.4%

$66,938+103.9%

Participation rate

52.4%

73.7%-21.3pp

75.7%-23.3pp

69.8%-17.4pp

Annual return

-5.99%

-12.28%+6.3pp

-12.16%+6.2pp

1.58%-7.6pp

Employer contribution / active EE

$2,180

$2,369-8.0%

$2,922-25.4%

$2,545-14.3%

Participant deferral / active EE

$4,135

$3,979+3.9%

$4,565-9.4%

$4,238-2.4%

Admin fee / account holder

$11,026

$707+1458.9%

$8,444+30.6%

$594+1757.8%

SUPERIOR PLASTICS EXTRUSION COMPANY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUPERIOR PLASTICS EXTRUSION COMPANY, INC. 401(K) PROFIT SHARING 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