Retirement plan

PLASTICS FAMILY HOLDINGS, INC. PROFIT SHARING & RETIREMENT SAVINGS PLAN

Name: PLASTICS FAMILY HOLDINGS, INC. - PLASTICS FAMILY HOLDINGS, INC. PROFIT SHARING & RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: PLASTICS FAMILY HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PLASTICS FAMILY HOLDINGS, INC. PROFIT SHARING & RETIREMENT SAVINGS PLAN, PLASTICS FAMILY HOLDINGS, INC.

PLASTICS FAMILY HOLDINGS, INC.EIN 11-2578749Plan #001PY 2024

5800 CAMPUS CIRCLE DRIVE, SUITE 150 - IRVING, TX 75063469-299-7032

Prospect flagsFailed to provide benefitCorrective distributions

How to read this page

Total assets (EOY)

$109M

+9.8% from 2023

Total participants

1,452

+2.5% from 2023

Average account balance

$82,286

+9.5% from 2023

Annual return

13.66%

-3.53 pp from 2023

Benchmarks

See 333 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort333 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$109.03M

Not enough data

1 years with asset history on file

Average account balance

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

$82K

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.

1,325

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.

89.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.56M

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

+13.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$89

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
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	$46,037
NFP RETIREMENT INC1 year Service code 27 · EIN 33-0905143	Advisory (Plan)	$45,083
USI CONSULTING GROUP4 years Filed as: USI ADVISORS INC Service code 27 · EIN 06-1397347	Advisory (Plan)	$15,250
PRICEKUBECKA PLLC1 year Filed as: PRICEKUBECKA, PLLC Service code 10 · EIN 75-2783674	Accounting	$11,500

Plan features & details

Pension benefit codes2F2G2J2K2T2E3D

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.

Opportunity flags

2 tripped

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$118K

$102 / participant

Recordkeeping$46K39.1%
Investment mgmt$60K51.2%
Other / not subdivided$12K9.8%

% of EOY assets

0.108%

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: PRICEKUBECKA, PLLC
Auditor EIN: 752783674
Audit fees: $11,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,286

$2,687,218-96.9%

$164,975-50.1%

$199,921-58.8%

Participation rate

89.0%

78.3%+10.8pp

78.6%+10.4pp

72.0%+17.0pp

Annual return

13.66%

17.94%-4.3pp

70.12%-56.5pp

34.28%-20.6pp

Employer contribution / active EE

$1,654

$2,958-44.1%

$4,343-61.9%

$3,035-45.5%

Participant deferral / active EE

$5,744

$5,002+14.8%

$6,033-4.8%

$5,089+12.9%

Admin fee / account holder

$89

$1,988-95.5%

$12,688-99.3%

$269-67.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

$46,037

NFP RETIREMENT INC1 year

Service code 27 · EIN 33-0905143

Advisory (Plan)

$45,083

USI CONSULTING GROUP4 years

Filed as: USI ADVISORS INC

Service code 27 · EIN 06-1397347

Advisory (Plan)

$15,250

PRICEKUBECKA PLLC1 year

Filed as: PRICEKUBECKA, PLLC

Service code 10 · EIN 75-2783674

Accounting

$11,500

PLASTICS FAMILY HOLDINGS, INC. PROFIT SHARING & RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PLASTICS FAMILY HOLDINGS, INC. PROFIT SHARING & 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