Retirement plan

DART CONTAINER CORPORATION EMPLOYEES' 401(K) PLUS PLAN

Name: DART CONTAINER OF MICHIGAN LLC - DART CONTAINER CORPORATION EMPLOYEES' 401(K) PLUS PLAN (2019) Form 5500
Creator: DART CONTAINER OF MICHIGAN LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DART CONTAINER CORPORATION EMPLOYEES' 401(K) PLUS PLAN, DART CONTAINER OF MICHIGAN LLC

DART CONTAINER OF MICHIGAN LLCEIN 06-1720526Plan #001PY 2019

500 HOGSBACK ROAD - MASON, MI 488549547517-676-3800LinkedIn10001+ employeesplastics

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$880.7M

-7.6% from 2016

Total participants

16,301

-4.8% from 2016

Average account balance

$64,636

-4.7% from 2016

Annual return

18.94%

+67.97 pp from 2016

Benchmarks

See 50 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants>=10,000

Cohort50 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.03B

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

12,751

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.

73.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$69.79M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+11.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$70

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 4 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.5+ years Filed as: VANGUARD GROUP, INC. Service code 15 · EIN 23-1945930	Recordkeeping	$666,654
DART CONTAINER OF MICHIGAN, LLC5+ years Service code 14 · EIN 06-1720526	Plan Administrator	$111,739
MERCER1 year Filed as: MERCER INVESTMENTS LLC Service code 16 · EIN 13-2384414	Consulting	$87,418
PLANTE & MORAN, PLLC5+ years Service code 10 · EIN 38-1357951	Accounting	$22,610

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H3D

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.
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$894K

$70 / participant

Investment mgmt$87K9.8%
Contract admin$667K74.5%
Other / not subdivided$140K15.7%

% of EOY assets

0.102%

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: PLANTE MORAN, PLLC
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,636

$201,404-67.9%

$93,621-31.0%

$89,609-27.9%

Participation rate

79.1%

87.5%-8.4pp

75.8%+3.3pp

69.6%+9.5pp

Annual return

18.94%

23.05%-4.1pp

32.76%-13.8pp

33.65%-14.7pp

Employer contribution / active EE

$2,208

$6,528-66.2%

$2,719-18.8%

$2,584-14.6%

Participant deferral / active EE

$2,400

$9,208-73.9%

$4,070-41.0%

$4,222-43.2%

Admin fee / account holder

$66

$89-26.5%

$7,890-99.2%

$72-8.4%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.5+ years

Filed as: VANGUARD GROUP, INC.

Service code 15 · EIN 23-1945930

Recordkeeping

$666,654

DART CONTAINER OF MICHIGAN, LLC5+ years

Service code 14 · EIN 06-1720526

Plan Administrator

$111,739

MERCER1 year

Filed as: MERCER INVESTMENTS LLC

Service code 16 · EIN 13-2384414

Consulting

$87,418

PLANTE & MORAN, PLLC5+ years

Service code 10 · EIN 38-1357951

Accounting

$22,610

DART CONTAINER CORPORATION EMPLOYEES' 401(K) PLUS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DART CONTAINER CORPORATION EMPLOYEES' 401(K) PLUS 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