Retirement plan

HSM PACKAGING CORPORATION, 401(K) PROFIT SHARING PLAN

Name: HSM PACKAGING CORPORATION - HSM PACKAGING CORPORATION, 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: HSM PACKAGING CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HSM PACKAGING CORPORATION, 401(K) PROFIT SHARING PLAN, HSM PACKAGING CORPORATION

HSM PACKAGING CORPORATIONEIN 15-0508792Plan #001PY 2022

4529 CROWN ROAD - LIVERPOOL, NY 13090315-476-7996hsmpackaging.comLinkedIn51-200 employeespackaging and containers

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.3M

-20.9% from 2021

Total participants

-1.3% from 2021

Average account balance

$37,893

-22.1% from 2021

Annual return

-15.25%

-29.15 pp from 2021

Benchmarks

See 9,164 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,164 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.05M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

107.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$248K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4629

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 codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

$334K

$5477 / participant

Other / not subdivided$334K100.0%

% of EOY assets

14.222%

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

$37,893

$81,870-53.7%

$119,634-68.3%

$68,490-44.7%

Participation rate

77.0%

71.9%+5.2pp

79.3%-2.2pp

67.9%+9.2pp

Annual return

-15.25%

-23.82%+8.6pp

-14.98%-0.3pp

-7.85%-7.4pp

Employer contribution / active EE

$730

$2,692-72.9%

$4,232-82.7%

$2,597-71.9%

Participant deferral / active EE

$2,022

$4,148-51.3%

$5,601-63.9%

$4,028-49.8%

Admin fee / account holder

$5,389

$6,583-18.1%

$10,329-47.8%

$5,403-0.3%

HSM PACKAGING CORPORATION, 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HSM PACKAGING CORPORATION, 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