Retirement plan

NEWAGE INDUSTRIES, INC. 401(K) PLAN

Name: NEWAGE INDUSTRIES, INC. - NEWAGE INDUSTRIES, INC. 401(K) PLAN (2021) Form 5500
Creator: NEWAGE INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEWAGE INDUSTRIES, INC. 401(K) PLAN, NEWAGE INDUSTRIES, INC.

NEWAGE INDUSTRIES, INC.EIN 23-1475225Plan #003PY 2021

145 JAMES WAY - SOUTHAMPTON, PA 189663817215-526-2144newageindustries.comLinkedIn201-500 employeesplastics

Other plans on this EIN

1 filing

#004Retirement-$396.3M assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$19.5M

-2.5% from 2016

Total participants

263

-10.9% from 2016

Average account balance

$74,234

+10.5% from 2016

Annual return

15.69%

-5.43 pp from 2016

Benchmarks

See 2,249 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,249 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.66M

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

294

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.

99.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.96M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+20.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$300

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
GREAT-WEST LIFE & ANNUITY INSURANCE5 years Service code 64 · EIN 84-0467907	Recordkeeping Fees	$43,641
CETERA ADVISOR NETWORKS LLC5 years Filed as: CETERA ADVISORS, LLC Service code 55 · EIN 84-0858799	Other Commissions	$38,720
UNITED RETIREMENT INC PART OF FUTUR2 years Filed as: UNITED RETIREMENT INC/FUTUREPLAN Service code 13 · EIN 25-1759623	Contract Administrator	$2,487
ASCENSUS LLC1 year Filed as: ASCENSUS HOLDINGS INC DBA .00 FUTUR Service code 13	Contract Administrator	$625

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

1 tripped

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

$44K

$231 / participant

Contract admin$44K100.0%

% of EOY assets

0.228%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,234

$93,182-20.3%

$146,649-49.4%

$79,395-6.5%

Participation rate

100.0%

76.4%+23.6pp

80.1%+19.9pp

70.7%+29.3pp

Annual return

15.69%

21.61%-5.9pp

22.75%-7.1pp

116.90%-101.2pp

Employer contribution / active EE

$6,335

$2,420+161.8%

$4,137+53.1%

$2,428+160.9%

Participant deferral / active EE

$5,909

$4,169+41.7%

$5,506+7.3%

$4,046+46.0%

Admin fee / account holder

$169

$585-71.1%

$10,281-98.4%

$626-73.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE5 years

Service code 64 · EIN 84-0467907

Recordkeeping Fees

$43,641

CETERA ADVISOR NETWORKS LLC5 years

Filed as: CETERA ADVISORS, LLC

Service code 55 · EIN 84-0858799

Other Commissions

$38,720

UNITED RETIREMENT INC PART OF FUTUR2 years

Filed as: UNITED RETIREMENT INC/FUTUREPLAN

Service code 13 · EIN 25-1759623

Contract Administrator

$2,487

ASCENSUS LLC1 year

Filed as: ASCENSUS HOLDINGS INC DBA .00 FUTUR

Service code 13

Contract Administrator

$625

NEWAGE INDUSTRIES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEWAGE INDUSTRIES, INC. 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