Retirement plan

PENN MANUFACTURING INDUSTRIES EE 401K P/S PLN

Name: PENN MANUFACTURING INDUSTRIES, INC. - PENN MANUFACTURING INDUSTRIES EE 401K P/S PLN (2024) Form 5500
Creator: PENN MANUFACTURING INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENN MANUFACTURING INDUSTRIES EE 401K P/S PLN, PENN MANUFACTURING INDUSTRIES, INC.

PENN MANUFACTURING INDUSTRIES, INC.EIN 23-2049949Plan #001PY 2024

506 STUMP ROAD - MONTGOMERYVILLE, PA 18936215-362-1217LinkedIn11-50 employeeselectrical/electronic manufacturing

Prospect flagsHigh cashLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$4.8M

+10.3% from 2023

Total participants

132

-5.7% from 2023

Average account balance

$42,258

+16.2% from 2023

Annual return

12.06%

-3.61 pp from 2023

Benchmarks

See 4,104 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,104 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.82M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

114

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.

82.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$224K

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

+12.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11

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
ASCENSUS LLC7 years Service code 15 · EIN 11-3665754	Recordkeeping	$1,305

Plan features & details

Pension benefit codes2E3D2G2J2F2T

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.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1K

$13 / participant

Contract admin$1K100.0%

% of EOY assets

0.027%

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: CITRIN COOPERMAN & CO. LLP
Auditor EIN: 222428965
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,258

$79,184-46.6%

$102,438-58.7%

$74,546-43.3%

Participation rate

82.4%

74.8%+7.6pp

76.5%+5.9pp

67.2%+15.1pp

Annual return

12.06%

54.95%-42.9pp

29.37%-17.3pp

1366.03%-1354.0pp

Employer contribution / active EE

-$34

$2,362-101.4%

$3,024-101.1%

$2,624-101.3%

Participant deferral / active EE

$2,193

$4,414-50.3%

$5,054-56.6%

$4,347-49.6%

Admin fee / account holder

$11

$2,001-99.4%

$9,448-99.9%

$1,944-99.4%

Provider

Service type

Compensation

ASCENSUS LLC7 years

Service code 15 · EIN 11-3665754

Recordkeeping

$1,305

PENN MANUFACTURING INDUSTRIES EE 401K P/S PLN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PENN MANUFACTURING INDUSTRIES EE 401K P/S PLN

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