Retirement plan

REVERE PLASTICS SYSTEMS, LLC 401(K) PLAN

Name: REVERE PLASTICS SYSTEMS, LLC - REVERE PLASTICS SYSTEMS, LLC 401(K) PLAN (2020) Form 5500
Creator: REVERE PLASTICS SYSTEMS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, REVERE PLASTICS SYSTEMS, LLC 401(K) PLAN, REVERE PLASTICS SYSTEMS, LLC

REVERE PLASTICS SYSTEMS, LLCEIN 20-3851963Plan #001PY 2020

401 ELM STREET - CLYDE, OH 43410419-547-6918

Prospect flagsLow returnsLow participationLow assets / participantLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$18.1M

+1.2% from 2019

Total participants

920

-17.3% from 2019

Average account balance

$29,555

+26.9% from 2019

Annual return

10.86%

-13.84 pp from 2019

Benchmarks

See 2,346 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,346 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.91M

Not enough data

1 years with asset history on file

Average account balance

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

$58K

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.

433

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.

41.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.78M

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

+15.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$194

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 7 by compensation

Provider	Service type	Compensation
NATIONWIDE2 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$83,464
PENTEGRA SERVICES, INC.2 years Filed as: PENTEGRA SERVICES INC Service code 14 · EIN 13-3892096 6830 COMMERCE CT DR · BLACKLICK, OH 46004	Plan Administrator	$59,951
AMERIPRISE FINANCIAL SERVICES INC3+ years Service code 22	Insurance Broker	$23,690
IRON-CO-FID-COMPREHENSIVE2 years Filed as: IRON CO FID-INDEX-COMPREHENSIVE Service code 28 · EIN 26-2409128 630 DUNDEE RD · NORTHBROOK, IL 60062	Investment Management	$10,600
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Filed as: GREAT-WEST LIFE & ANNUITY COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$100
AMERIPRISE FINANCIAL SERVICES INC2 years Filed as: AMERIPRISE FINANCIAL SERVICES Service code 22 50082 AMERIPRISE FINANCIAL CTR · MINNEAPOLIS, MN 55474	Insurance Broker	$0
PENTEGRA SERVICES, INC.2 years Filed as: PENTEGRA SERVICES, INC Service code 14	Plan Administrator	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return 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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$9K

$12 / participant

Contract admin$8K93.3%
Other / not subdivided$5756.7%

% of EOY assets

0.048%

all-in expense ratio

Categories reported

1 / 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

$29,555

$79,519-62.8%

$95,964-69.2%

$73,412-59.7%

Participation rate

56.8%

81.2%-24.4pp

77.1%-20.3pp

72.2%-15.4pp

Annual return

10.86%

19.20%-8.3pp

91.64%-80.8pp

59.30%-48.4pp

Employer contribution / active EE

$932

$2,048-54.5%

$2,541-63.3%

$2,234-58.3%

Participant deferral / active EE

$1,545

$4,138-62.7%

$4,167-62.9%

$3,806-59.4%

Admin fee / account holder

$14

$184-92.4%

$6,797-99.8%

$158-91.1%

Provider

Service type

Compensation

NATIONWIDE2 years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$83,464

PENTEGRA SERVICES, INC.2 years

Filed as: PENTEGRA SERVICES INC

Service code 14 · EIN 13-3892096

6830 COMMERCE CT DR · BLACKLICK, OH 46004

Plan Administrator

$59,951

AMERIPRISE FINANCIAL SERVICES INC3+ years

Service code 22

Insurance Broker

$23,690

IRON-CO-FID-COMPREHENSIVE2 years

Filed as: IRON CO FID-INDEX-COMPREHENSIVE

Service code 28 · EIN 26-2409128

630 DUNDEE RD · NORTHBROOK, IL 60062

Investment Management

$10,600

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Filed as: GREAT-WEST LIFE & ANNUITY COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$100

AMERIPRISE FINANCIAL SERVICES INC2 years

Filed as: AMERIPRISE FINANCIAL SERVICES

Service code 22

50082 AMERIPRISE FINANCIAL CTR · MINNEAPOLIS, MN 55474

Insurance Broker

PENTEGRA SERVICES, INC.2 years

Filed as: PENTEGRA SERVICES, INC

Service code 14

Plan Administrator

REVERE PLASTICS SYSTEMS, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

REVERE PLASTICS SYSTEMS, LLC 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