Retirement plan

PENN COLOR, INC. INCENTIVE SAVINGS PLAN

Name: PENN COLOR INC. - PENN COLOR, INC. INCENTIVE SAVINGS PLAN (2021) Form 5500
Creator: PENN COLOR INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENN COLOR, INC. INCENTIVE SAVINGS PLAN, PENN COLOR INC.

PENN COLOR INC.EIN 22-1661347Plan #333PY 2021

2755 BERGEY ROAD - HATFIELD, PA 19440215-997-2221penncolor.comLinkedIn501-1000 employeesplastics

Other plans on this EIN

1 filing

#001Retirement-$37.9M assets

Prospect flagsLow returnsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$79.7M

+9.4% from 2020

Total participants

714

+1.3% from 2020

Average account balance

$111,754

-2.3% from 2020

Annual return

10.48%

-8.27 pp from 2020

Benchmarks

See 1,172 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,172 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$79.74M

Not enough data

1 years with asset history on file

Average account balance

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

$105K

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.

760

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.

96.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.31M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+12.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$342

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 4 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND7+ years Service code 13 · EIN 06-1050034	Contract Administrator	$111,315
UBS FINANCIAL SERVICES INC7+ years Filed as: UBS FINANCIAL SERVICES, INC. Service code 27 · EIN 13-2638166	Advisory (Plan)	$109,815
KREISCHER MILLER1 year Service code 10 · EIN 23-1980475	Accounting	$17,600
PRUDENTIAL RETIREMENT INSURANCE AND2 years Filed as: PRUDENTIAL INSURANCE COMPANY OF AME Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D2S

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$369K

$646 / participant

Other / not subdivided$369K100.0%

% of EOY assets

0.463%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KREISCHER MILLER
Auditor EIN: 231980475
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$111,754

$93,131+20.0%

$106,555+4.9%

$86,821+28.7%

Participation rate

99.8%

81.4%+18.4pp

76.1%+23.7pp

72.3%+27.5pp

Annual return

10.48%

19.45%-9.0pp

26.80%-16.3pp

97.94%-87.5pp

Employer contribution / active EE

$1,813

$2,895-37.4%

$2,819-35.7%

$2,406-24.7%

Participant deferral / active EE

$5,427

$4,708+15.3%

$4,399+23.4%

$4,132+31.3%

Admin fee / account holder

$517

$145+256.5%

$7,408-93.0%

$170+205.0%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND7+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$111,315

UBS FINANCIAL SERVICES INC7+ years

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 27 · EIN 13-2638166

Advisory (Plan)

$109,815

KREISCHER MILLER1 year

Service code 10 · EIN 23-1980475

Accounting

$17,600

PRUDENTIAL RETIREMENT INSURANCE AND2 years

Filed as: PRUDENTIAL INSURANCE COMPANY OF AME

Service code 15

Recordkeeping

PENN COLOR, INC. INCENTIVE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PENN COLOR, INC. INCENTIVE SAVINGS 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