Retirement plan

CONFER PLASTICS, INC. 401(K) PLAN

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

CONFER PLASTICS, INC.EIN 16-1007810Plan #002PY 2022

97 WITMER ROAD - NORTH TONAWANDA, NY 14120716-693-2056LinkedIn1-10 employeesplastics

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$4.8M

-4.6% from 2021

Total participants

179

-0.6% from 2021

Average account balance

$35,731

-11.1% from 2021

Annual return

-8.39%

-19.11 pp from 2021

Benchmarks

See 1,871 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,871 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.31M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

135

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.

69.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$395K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+8.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$43

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASS MUTUAL LIFE INSURANCE COMPANY Service code 62 · EIN 04-1590850	Recordkeeping fees; Float revenue	$4,400
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INS. CO OF AMERICA Service code 64 · EIN 84-0467907	Recordkeeping Fees	$1,591
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MML INVESTORS SERVICES INC. Service code 53 · EIN 04-1590850	Insurance Commissions	$0
YANULIS & ASSOCIATES1 year Filed as: YANULIS & ASSOCIATES, INC. Service code 13 · EIN 16-1418035	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2J2K2T3D

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).
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$6K

$40 / participant

Contract admin$6K100.0%

% of EOY assets

0.121%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FREED MAXICK CPAS, P.C.
Auditor EIN: 454051133
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,731

$72,639-50.8%

$90,766-60.6%

$66,949-46.6%

Participation rate

68.3%

73.7%-5.4pp

75.7%-7.4pp

69.8%-1.5pp

Annual return

-8.39%

-12.28%+3.9pp

-12.16%+3.8pp

1.57%-10.0pp

Employer contribution / active EE

$334

$2,369-85.9%

$2,922-88.6%

$2,545-86.9%

Participant deferral / active EE

$2,602

$3,979-34.6%

$4,565-43.0%

$4,239-38.6%

Admin fee / account holder

$43

$708-93.9%

$8,446-99.5%

$594-92.7%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASS MUTUAL LIFE INSURANCE COMPANY

Service code 62 · EIN 04-1590850

Recordkeeping fees; Float revenue

$4,400

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INS. CO OF AMERICA

Service code 64 · EIN 84-0467907

Recordkeeping Fees

$1,591

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MML INVESTORS SERVICES INC.

Service code 53 · EIN 04-1590850

Insurance Commissions

YANULIS & ASSOCIATES1 year

Filed as: YANULIS & ASSOCIATES, INC.

Service code 13 · EIN 16-1418035

Contract Administrator

CONFER PLASTICS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONFER PLASTICS, INC. 401(K) 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