Retirement plan

VAN NESS PLASTIC MOLDING CO., INC. EMPLOYEES' MONEY PURCHASE PENSION PLAN

Name: VAN NESS PLASTIC MOLDING CO., INC. - VAN NESS PLASTIC MOLDING CO., INC. EMPLOYEES' MONEY PURCHASE PENSION PLAN (2024) Form 5500
Creator: VAN NESS PLASTIC MOLDING CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VAN NESS PLASTIC MOLDING CO., INC. EMPLOYEES' MONEY PURCHASE PENSION PLAN, VAN NESS PLASTIC MOLDING CO., INC.

VAN NESS PLASTIC MOLDING CO., INC.EIN 22-2021715Plan #001PY 2024

400 BRIGHTON ROAD - CLIFTON, NJ 070121013973-778-9500vannesspets.comLinkedIn11-50 employeesconsumer goods

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$7.5M

+5.1% from 2023

Total participants

151

-6.2% from 2023

Average account balance

$49,445

+12.1% from 2023

Annual return

9.77%

-2.69 pp from 2023

Benchmarks

See 1,845 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,845 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.47M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

151

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$170K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+9.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$365

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 1 by compensation

Provider	Service type	Compensation
JOSHUA LAUREN & CO., INC.10+ years Service code 51 · EIN 22-2848003	Investment Mgmt Fees	$55,159

Plan features & details

Pension benefit codes2A2C3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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

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.

Expense breakdown

Schedule H Part II

Admin total

$55K

$511 / participant

Contract admin$55K100.0%

% of EOY assets

0.739%

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: SMOLIN, LUPIN & CO., LLC
Auditor EIN: 222258733
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,445

$78,636-37.1%

$105,607-53.2%

$74,459-33.6%

Participation rate

100.0%

72.8%+27.2pp

75.3%+24.7pp

67.2%+32.8pp

Annual return

9.77%

15.96%-6.2pp

116.11%-106.3pp

1369.70%-1359.9pp

Employer contribution / active EE

$1,578

$2,523-37.5%

$3,167-50.2%

$2,626-39.9%

Participant deferral / active EE

$4,322-100.0%

$5,011-100.0%

$4,350-100.0%

Admin fee / account holder

$365

$2,220-83.5%

$10,958-96.7%

$1,945-81.2%

Provider

Service type

Compensation

JOSHUA LAUREN & CO., INC.10+ years

Service code 51 · EIN 22-2848003

Investment Mgmt Fees

$55,159

VAN NESS PLASTIC MOLDING CO., INC. EMPLOYEES' MONEY PURCHASE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VAN NESS PLASTIC MOLDING CO., INC. EMPLOYEES' MONEY PURCHASE PENSION 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