Retirement plan

PENN MANUFACTURING INDUSTRIES, INC EMPLOYEES 401(K) PROFIT SHARING PLAN

Name: PENN MANUFACTURING INDUSTRIES, INC. - PENN MANUFACTURING INDUSTRIES, INC EMPLOYEES 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: PENN MANUFACTURING INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENN MANUFACTURING INDUSTRIES, INC EMPLOYEES 401(K) PROFIT SHARING PLAN, PENN MANUFACTURING INDUSTRIES, INC.

PENN MANUFACTURING INDUSTRIES, INC.EIN 23-2049949Plan #001PY 2018

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

Prospect flagsHigh cash

How to read this page

Total assets (EOY)

$6.1M

-5.7% from 2017

Total participants

142

-2.1% from 2017

Average account balance

$46,579

-13.7% from 2017

Annual return

-5.80%

-21.83 pp from 2017

Benchmarks

See 4,210 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,210 peers

Snapshot2018

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

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
ASCENSUS LLC1 year Service code 15 · EIN 11-3665754	Recordkeeping	$264

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

1 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$264

$2 / participant

Contract admin$264100.0%

% of EOY assets

0.004%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,579

$59,186-21.3%

$76,768-39.3%

$56,287-17.2%

Participation rate

89.3%

75.2%+14.1pp

77.0%+12.3pp

69.9%+19.4pp

Annual return

-5.80%

6.62%-12.4pp

2.43%-8.2pp

-9.96%+4.2pp

Employer contribution / active EE

$1,339

$1,759-23.8%

$2,485-46.1%

$2,111-36.6%

Participant deferral / active EE

$1,712

$3,255-47.4%

$3,852-55.5%

$3,350-48.9%

Admin fee / account holder

$489-99.6%

$6,675-100.0%

$521-99.6%

Provider

Service type

Compensation

ASCENSUS LLC1 year

Service code 15 · EIN 11-3665754

Recordkeeping

$264

PENN MANUFACTURING INDUSTRIES, INC EMPLOYEES 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PENN MANUFACTURING INDUSTRIES, INC EMPLOYEES 401(K) PROFIT SHARING 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