Retirement plan

REVERE PLASTICS SYSTEMS, LLC 401(K) PLAN

Name: REVERE PLASTICS SYSTEMS, LLC - REVERE PLASTICS SYSTEMS, LLC 401(K) PLAN (2023) 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 2023

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

Prospect flagsHigh feesLow participationLow participant contribution

How to read this page

Total assets (EOY)

$22.1M

+32.2% from 2022

Total participants

612

-22.8% from 2022

Average account balance

$61,548

+92.6% from 2022

Annual return

37.79%

+52.43 pp from 2022

Benchmarks

See 2,423 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,423 peers

Snapshot2023

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
NATIONWIDE5 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$107,004
PENTEGRA SERVICES, INC.1 year Filed as: APS-PENTEGRA SERVICES INC Service code 14 · EIN 13-3892096 5350 SEVENTY SEVEN CENTER DRIVE · CHARLOTTE, NC 28217	Plan Administrator	$38,744
AMERIPRISE FINANCIAL SERVICES INC6+ years Service code 22	Insurance Broker	$29,364
INDEX CORE - PASSIVE THROUGH TARGET3 years Service code 28 · EIN 26-2409128 5400 W 110TH ST · SHAWNEE MISSION, KS 66211	Investment Management	$10,227
PENTEGRA SERVICES, INC.5 years Filed as: PENTEGRA SERVICES INC Service code 14 · EIN 13-3745616 6830 COMMERCE COURT DR · BLACKLICK, OH 43004	Plan Administrator	$6,136
PENTEGRA SERVICES, INC.5 years Filed as: PENTEGRA SERVICES, INC Service code 14	Plan Administrator	$5,000
NATIONWIDE1 year Filed as: NATIONWIDE LIFE INSURANCE COMPANY Service code 15 · EIN 31-4156830 10 W NATIONWIDE BLVD 5-05-111V · COLUMBUS, OH 43004	Recordkeeping	$2,046

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.
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

$163K

$338 / participant

Recordkeeping$163K100.0%

% of EOY assets

0.737%

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

$61,548

$99,168-37.9%

$96,534-36.2%

$74,460-17.3%

Participation rate

47.5%

80.7%-33.2pp

76.0%-28.5pp

70.7%-23.2pp

Annual return

37.79%

22.40%+15.4pp

25.88%+11.9pp

34.38%+3.4pp

Employer contribution / active EE

$1,330

$2,570-48.3%

$2,965-55.2%

$2,638-49.6%

Participant deferral / active EE

$2,342

$4,936-52.6%

$4,851-51.7%

$4,530-48.3%

Admin fee / account holder

$454

$225+101.8%

$8,253-94.5%

$348+30.4%

Provider

Service type

Compensation

NATIONWIDE5 years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$107,004

PENTEGRA SERVICES, INC.1 year

Filed as: APS-PENTEGRA SERVICES INC

Service code 14 · EIN 13-3892096

5350 SEVENTY SEVEN CENTER DRIVE · CHARLOTTE, NC 28217

Plan Administrator

$38,744

AMERIPRISE FINANCIAL SERVICES INC6+ years

Service code 22

Insurance Broker

$29,364

INDEX CORE - PASSIVE THROUGH TARGET3 years

Service code 28 · EIN 26-2409128

5400 W 110TH ST · SHAWNEE MISSION, KS 66211

Investment Management

$10,227

PENTEGRA SERVICES, INC.5 years

Filed as: PENTEGRA SERVICES INC

Service code 14 · EIN 13-3745616

6830 COMMERCE COURT DR · BLACKLICK, OH 43004

Plan Administrator

$6,136

PENTEGRA SERVICES, INC.5 years

Filed as: PENTEGRA SERVICES, INC

Service code 14

Plan Administrator

$5,000

NATIONWIDE1 year

Filed as: NATIONWIDE LIFE INSURANCE COMPANY

Service code 15 · EIN 31-4156830

10 W NATIONWIDE BLVD 5-05-111V · COLUMBUS, OH 43004

Recordkeeping

$2,046

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