Retirement plan

PACKAGING MACHINERY MANUFACTURERS INSTITUTE 401(K) AND PROFIT SHARING PLAN

Name: PACKAGING MACHINERY MANUFACTURERS INSTITUTE - PACKAGING MACHINERY MANUFACTURERS INSTITUTE 401(K) AND PROFIT SHARING PLAN (2024) Form 5500
Creator: PACKAGING MACHINERY MANUFACTURERS INSTITUTE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PACKAGING MACHINERY MANUFACTURERS INSTITUTE 401(K) AND PROFIT SHARING PLAN, PACKAGING MACHINERY MANUFACTURERS INSTITUTE

PACKAGING MACHINERY MANUFACTURERS INSTITUTEEIN 13-1142150Plan #002PY 2024

12930 WORLDGATE DRIVE, SUITE 200 - HERNDON, VA 20170571-612-3214LinkedIn51-200 employeescivic & social organization

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$42.5M

+13.4% from 2023

Total participants

175

+5.4% from 2023

Average account balance

$263,909

+7.1% from 2023

Annual return

14.54%

-5.36 pp from 2023

Benchmarks

See 2,063 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,063 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$42.49M

Not enough data

1 years with asset history on file

Average account balance

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

$264K

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.

161

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.

88.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.22M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+14.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$588

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 6 by compensation

Provider	Service type	Compensation
RBC WEALTH MANAGEMENT9 years Filed as: RBC WEALTH MGMT A DIV OF RBC CAP Service code 27 · EIN 41-1416330 101 BARCLAY STREET · NEW YORK, NY 10286	Advisory (Plan)	$58,496
FIDELITY INVESTMENTS INSTITUTIONAL9 years Service code 37 · EIN 04-2647786 82 DEVONSHIRE STREET · BOSTON, MA 02109	Loan Processing	$36,177
BLACKROCK6 years Filed as: BLACKROCK ADVISORS Service code 60	Sub-TA Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL9 years Filed as: FIDELITY INVESTMENT INSTITUTIONAL Service code 60	Sub-TA Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL5 years Filed as: FIDELITY INVESTMENTS MANAGEMENT TRT Service code 60	Sub-TA Fees	$0
T ROWE PRICE RPS INC8 years Filed as: T ROWE PRICE Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$95K

$796 / participant

Recordkeeping$36K38.2%
Investment mgmt$58K61.8%

% of EOY assets

0.223%

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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$263,909

$60,261+337.9%

$81,783+222.7%

$74,546+254.0%

Participation rate

88.2%

62.9%+25.4pp

72.4%+15.9pp

67.2%+21.0pp

Annual return

14.54%

16.88%-2.3pp

775.05%-760.5pp

1366.03%-1351.5pp

Employer contribution / active EE

$16,805

$2,622+541.0%

$2,913+477.0%

$2,624+540.3%

Participant deferral / active EE

$10,286

$3,388+203.6%

$4,320+138.1%

$4,347+136.6%

Admin fee / account holder

$588

$1,482-60.3%

$7,380-92.0%

$1,944-69.7%

Provider

Service type

Compensation

RBC WEALTH MANAGEMENT9 years

Filed as: RBC WEALTH MGMT A DIV OF RBC CAP

Service code 27 · EIN 41-1416330

101 BARCLAY STREET · NEW YORK, NY 10286

Advisory (Plan)

$58,496

FIDELITY INVESTMENTS INSTITUTIONAL9 years

Service code 37 · EIN 04-2647786

82 DEVONSHIRE STREET · BOSTON, MA 02109

Loan Processing

$36,177

BLACKROCK6 years

Filed as: BLACKROCK ADVISORS

Service code 60

Sub-TA Fees

FIDELITY INVESTMENTS INSTITUTIONAL9 years

Filed as: FIDELITY INVESTMENT INSTITUTIONAL

Service code 60

Sub-TA Fees

FIDELITY INVESTMENTS INSTITUTIONAL5 years

Filed as: FIDELITY INVESTMENTS MANAGEMENT TRT

Service code 60

Sub-TA Fees

T ROWE PRICE RPS INC8 years

Filed as: T ROWE PRICE

Service code 60

Sub-TA Fees

PACKAGING MACHINERY MANUFACTURERS INSTITUTE 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PACKAGING MACHINERY MANUFACTURERS INSTITUTE 401(K) AND 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