Retirement plan

REVERE PLASTICS SYSTEMS, LLC 401(K) PLAN

Name: REVERE PLASTICS SYSTEMS, LLC - REVERE PLASTICS SYSTEMS, LLC 401(K) PLAN (2021) 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 2021

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

Prospect flagsLow participationLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$20.2M

+11.4% from 2020

Total participants

822

-10.7% from 2020

Average account balance

$37,105

+25.5% from 2020

Annual return

12.89%

+2.03 pp from 2020

Benchmarks

See 2,347 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,347 peers

Snapshot2021

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
NATIONWIDE3 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$101,362
PENTEGRA SERVICES, INC.3 years Filed as: PENTEGRA SERVICES INC Service code 14 · EIN 13-3892096 6830 COMMERCE CT DR · BLACKLICK, OH 46004	Plan Administrator	$53,278
AMERIPRISE FINANCIAL SERVICES INC4+ years Service code 22	Insurance Broker	$28,392
IRON-CO-FID-COMPREHENSIVE3 years Filed as: IRON CO FID-INDEX-COMPREHENSIVE Service code 28 · EIN 26-2409128 5440 W 110TH ST · SHAWNEE MISSION, KS 66211	Investment Management	$5,931
INDEX CORE - PASSIVE THROUGH TARGET1 year Service code 28 · EIN 26-2409128 5440 W 110TH ST · SHAWNEE MISSION, KS 66211	Investment Management	$5,261
AMERIPRISE FINANCIAL SERVICES INC3 years Filed as: AMERIPRISE FINANCIAL SERVICES Service code 22 50082 AMERIPRISE FINANCIAL CTR · MINNEAPOLIS, MN 55474	Insurance Broker	$0
PENTEGRA SERVICES, INC.3 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

3 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.
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

$12K

$20 / participant

Contract admin$12K100.0%

% of EOY assets

0.057%

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: PLANTE & MORAN PLLC
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,105

$185,342-80.0%

$111,308-66.7%

$86,821-57.3%

Participation rate

51.8%

81.0%-29.2pp

77.3%-25.5pp

72.3%-20.5pp

Annual return

12.89%

500.80%-487.9pp

54.67%-41.8pp

97.94%-85.1pp

Employer contribution / active EE

$1,130

$2,246-49.7%

$2,732-58.6%

$2,406-53.0%

Participant deferral / active EE

$1,946

$4,458-56.4%

$4,487-56.6%

$4,132-52.9%

Admin fee / account holder

$21

$255-91.7%

$7,965-99.7%

$170-87.5%

Provider

Service type

Compensation

NATIONWIDE3 years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$101,362

PENTEGRA SERVICES, INC.3 years

Filed as: PENTEGRA SERVICES INC

Service code 14 · EIN 13-3892096

6830 COMMERCE CT DR · BLACKLICK, OH 46004

Plan Administrator

$53,278

AMERIPRISE FINANCIAL SERVICES INC4+ years

Service code 22

Insurance Broker

$28,392

IRON-CO-FID-COMPREHENSIVE3 years

Filed as: IRON CO FID-INDEX-COMPREHENSIVE

Service code 28 · EIN 26-2409128

5440 W 110TH ST · SHAWNEE MISSION, KS 66211

Investment Management

$5,931

INDEX CORE - PASSIVE THROUGH TARGET1 year

Service code 28 · EIN 26-2409128

5440 W 110TH ST · SHAWNEE MISSION, KS 66211

Investment Management

$5,261

AMERIPRISE FINANCIAL SERVICES INC3 years

Filed as: AMERIPRISE FINANCIAL SERVICES

Service code 22

50082 AMERIPRISE FINANCIAL CTR · MINNEAPOLIS, MN 55474

Insurance Broker

PENTEGRA SERVICES, INC.3 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